Company registration number 07094974 (England and Wales)
VECTOR RESOURCING HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
VECTOR RESOURCING HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
VECTOR RESOURCING HOLDINGS LIMITED (REGISTERED NUMBER: 07094974)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
6,357,359
6,357,359
Current assets
Cash at bank and in hand
8
-
0
Creditors: amounts falling due within one year
4
(3,668,181)
(4,065,210)
Net current liabilities
(3,668,173)
(4,065,210)
Net assets
2,689,186
2,292,149
Capital and reserves
Called up share capital
5
109
100
Share premium account
231,638
-
0
Merger reserve
2,457,439
2,457,439
Profit and loss reserves
-
0
(165,390)
Total equity
2,689,186
2,292,149

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 27 November 2024
Mrs D Medway
Director
VECTOR RESOURCING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Vector Resourcing Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Castle Farm Barn, Hartfield, East Sussex, TN7 4JD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

Ttruehe director has prepared the financial statements on a going concern basis. This is reliant on the ongoing support of its wholly owned subsidiary Vector Resourcing Ltd.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
VECTOR RESOURCING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
6,357,359
6,357,359
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
3,668,181
4,065,210
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 0.01p each
1,085,795
1,000,000
109
100
6
Related party transactions

The company has taken advantage of the exemption within FRS 102 from the requirement to disclose transactions entered into between two or more members of a group provided that any subsidiary which is party to the transaction is wholly owned by such a member.

 

During the year, Vector Resourcing Holdings Limited gifted £1,502,706 to the Vector Resourcing Employee Ownership Trust which owns 100% of Vector Resourcing Holdings Limited. Further information is provided in note 7.

7
Employee Ownership Trust

On 6 April 2023 the entire issued share capital of the company was acquired by the Vector Resourcing Employee Ownership Trust ("the Trust"). The Trust holds the shares for the future benefit of the group's employees.

 

The Trust acquired the share capital of Vector Resourcing Holdings Limited for £10,000,000. As at the balance sheet date, the remaining balance outstanding was £8,547,309, this is anticipated to be payable over 7 years.

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