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REGISTERED NUMBER: 09238723









Financial Statements

for the Year Ended 30 April 2024

for

Vanneck Bros Limited

Vanneck Bros Limited (Registered number: 09238723)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Vanneck Bros Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: W Stevenson
A Stevenson
J H Stevenson
C Stevenson





REGISTERED OFFICE: Little Tufton House
3 Dean Trench Street
London
SW1P 3HB





REGISTERED NUMBER: 09238723





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Vanneck Bros Limited (Registered number: 09238723)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 16,066,870 12,274,286

CURRENT ASSETS
Debtors 5 3,118 3,675
Cash at bank and in hand 142,283 912,998
145,401 916,673
CREDITORS
Amounts falling due within one year 6 (11,090,632 ) (10,679,670 )
NET CURRENT LIABILITIES (10,945,231 ) (9,762,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,121,639

2,511,289

CREDITORS
Amounts falling due after more than one
year

7

(1,106,600

)

-

PROVISIONS FOR LIABILITIES (698,797 ) (280,467 )
NET ASSETS 3,316,242 2,230,822

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 2,096,392 1,195,676
Retained earnings 1,219,750 1,035,046
SHAREHOLDERS' FUNDS 3,316,242 2,230,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





W Stevenson - Director


Vanneck Bros Limited (Registered number: 09238723)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Vanneck Bros Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents dividends and income arising from investments in listed and unlisted investments. Dividend income is recognised on a receipts basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Fixed asset investments comprise of investments in listed and unlisted investments measured at fair value with changes in fair value being recognised in the income statement.

Current assets
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are recorded at cost and are repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Vanneck Bros Limited (Registered number: 09238723)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 11,946,101 328,185 12,274,286
Additions 2,572,859 39,690 2,612,549
Disposals (137,058 ) - (137,058 )
Revaluations 1,317,093 - 1,317,093
At 30 April 2024 15,698,995 367,875 16,066,870
NET BOOK VALUE
At 30 April 2024 15,698,995 367,875 16,066,870
At 30 April 2023 11,946,101 328,185 12,274,286


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,118 3,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,354 1,620
Other creditors 11,087,278 10,678,050
11,090,632 10,679,670

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,106,600 -

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023 1,195,676
Reserve transfer 900,716

At 30 April 2024 2,096,392