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REGISTERED NUMBER: 08667206 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

VIGA DEVELOPMENTS LIMITED

VIGA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08667206)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIGA DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTOR: R G Kennedy





REGISTERED OFFICE: Dept 107
601 International House
223 Regent Street
London
W1B 2QD





REGISTERED NUMBER: 08667206 (England and Wales)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA

VIGA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08667206)

BALANCE SHEET
31 AUGUST 2022

31/8/22 31/8/21
Notes £    £   
CURRENT ASSETS
Stocks 540,807 477,308
Debtors 4 409,748 323,223
Cash at bank and in hand 133,749 136
1,084,304 800,667
CREDITORS
Amounts falling due within one year 5 982,161 726,150
NET CURRENT ASSETS 102,143 74,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,143

74,517

CREDITORS
Amounts falling due after more than one
year

6

48,126

48,126
NET ASSETS 54,017 26,391

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,917 26,291
SHAREHOLDERS' FUNDS 54,017 26,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.

VIGA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08667206)

BALANCE SHEET - continued
31 AUGUST 2022


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 director and authorised for issue on 28 November 2024 and were signed by:





R G Kennedy - Director


VIGA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08667206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022


1. STATUTORY INFORMATION

Viga Developments Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

VIGA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08667206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/22 31/8/21
£    £   
Other debtors 409,748 323,223

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/22 31/8/21
£    £   
Trade creditors 18,985 69,883
Taxation and social security 13,743 7,263
Other creditors 949,433 649,004
982,161 726,150

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/22 31/8/21
£    £   
Bank loans 48,126 48,126

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 48,126