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REGISTERED NUMBER: 14146602 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Viberta Investment Ltd

Viberta Investment Ltd (Registered number: 14146602)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Viberta Investment Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: N Clitheroe





REGISTERED OFFICE: First Floor
5 Fleet Place
London
EC4M 7RD





REGISTERED NUMBER: 14146602 (England and Wales)





ACCOUNTANTS: Gillespie & Anderson
147 Bath Street
Glasgow
G2 4SN

Viberta Investment Ltd (Registered number: 14146602)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 29,900 9,800

CURRENT ASSETS
Debtors 5 330,559 114,418
Investments 6 - 100,000
Cash at bank and in hand 141,435 265,802
471,994 480,220
CREDITORS
Amounts falling due within one year 7 2,047 12,108
NET CURRENT ASSETS 469,947 468,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,847

477,912

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 499,697 477,762
SHAREHOLDERS' FUNDS 499,847 477,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2024 and were signed by:





N Clitheroe - Director


Viberta Investment Ltd (Registered number: 14146602)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Viberta Investment Ltd is a private company, limited by shares , registered in England and Wales. 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.

Going concern
Taking account of the current financial position of the company and its future intentions, the director is satisfied that the company can meet its obligations as they fall due. On that basis the accounts have been prepared on a going concern basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Viberta Investment Ltd (Registered number: 14146602)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 29,900 9,800

Additional information is as follows:
Unlisted
investments
£   
COST
At 1 August 2023
and 31 July 2024 9,800
NET BOOK VALUE
At 31 July 2024 9,800
At 31 July 2023 9,800

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment platform 20,100 -

Viberta Investment Ltd (Registered number: 14146602)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by associates 100,000 -
Other debtors 70,000 3,859
170,000 3,859

Amounts falling due after more than one year:
Other debtors 160,559 110,559

Aggregate amounts 330,559 114,418

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Loan notes - 100,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 446 608
Other creditors 1,601 11,500
2,047 12,108

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 A Class shares 1 75 75
25 B Class shares 1 25 25
50 C Class shares 1 50 50
150 150

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2024 and the period ended 31 July 2023:

2024 2023
£    £   
N Clitheroe
Balance outstanding at start of year (10,000 ) -
Amounts advanced 80,000 -
Amounts repaid - (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,000 (10,000 )

Viberta Investment Ltd (Registered number: 14146602)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The director's loan is unsecured, interest free and has no fixed repayment terms.

The overdrawn director's loan balance was repaid within nine months of the year end.

10. RELATED PARTY DISCLOSURES

Viberta Properties Ltd is a company controlled by the director and is therefore a related party. During the year, the company advanced £100,000 to Viberta Properties Ltd. At the year end, the balance due from Viberta Properties Ltd was £100,000 (2023: £Nil). This loan is unsecured, interest free and has no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The controlling party is N Clitheroe.