Company Registration No. 14681077 (England and Wales)
VAMARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
VAMARE LTD
CONTENTS
Page
Company information
Balance sheet
1
Notes to the financial statements
2 - 4
VAMARE LTD
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
2024
Notes
Fixed assets
Investments
3
5,500
Current assets
-
Creditors: amounts falling due within one year
4
(5,380)
Net current liabilities
(5,380)
Net assets
120
Capital and reserves
-
Called up share capital
120

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 period ended 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his 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 period 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 24 November 2024
Mr V A Mavrodontis
Director
Company registration number 14681077 (England and Wales)
VAMARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Vamare Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ.

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 Euros, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

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

1.2
Profit and loss account

The company has not traded during the period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Fixed asset investments

Fixed asset investments 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.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

VAMARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

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

2024
Number
Total
-
0
3
Fixed asset investments
2024
Other investments other than loans
5,500
VAMARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 FEBRUARY 2024
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Other
Cost or valuation
At 22 February 2023
-
Additions
5,500
At 29 February 2024
5,500
Carrying amount
At 29 February 2024
5,500
4
Creditors: amounts falling due within one year
2024
Other creditors
5,380
2024-02-292023-02-22trueCCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr Vasileios A Mavrodontisfalsefalse146810772023-02-222024-02-29146810772024-02-2914681077core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2914681077core:ShareCapital2024-02-2914681077bus:Director12023-02-222024-02-2914681077core:CurrentFinancialInstruments2024-02-2914681077bus:EntityHasNeverTraded2023-02-222024-02-2914681077bus:PrivateLimitedCompanyLtd2023-02-222024-02-2914681077bus:SmallCompaniesRegimeForAccounts2023-02-222024-02-2914681077bus:FRS1022023-02-222024-02-2914681077bus:AuditExempt-NoAccountantsReport2023-02-222024-02-2914681077bus:FullAccounts2023-02-222024-02-29xbrli:purexbrli:sharesiso4217:GBP