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REGISTERED NUMBER: 12255164 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

VBM VENTURES LIMITED

VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VBM VENTURES LIMITED

Company Information
for the year ended 30 September 2024







Director: B O Boyce





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 12255164 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 501 999
Investments 5 980,250 636,642
980,751 637,641

Current assets
Stocks 60,000 120,000
Debtors 6 4,092,495 5,127,997
Cash at bank 1,011,174 37,277
5,163,669 5,285,274
Creditors
Amounts falling due within one year 7 636,609 519,988
Net current assets 4,527,060 4,765,286
Total assets less current liabilities 5,507,811 5,402,927

Creditors
Amounts falling due after more than one
year

8

127,000

-
Net assets 5,380,811 5,402,927

Capital and reserves
Called up share capital 9 1,596 1,596
Retained earnings 5,379,215 5,401,331
Shareholders' funds 5,380,811 5,402,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Balance Sheet - continued
30 September 2024


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 13 February 2025 and were signed by:





B O Boyce - Director


VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

VBM Ventures 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.

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
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in relation to stock impairment. Management estimate future costs to be
incurred for each site and its predicted sales price. A review of the sites held within stock at the year end is also carried out to ensure that they are stated at the lower of cost and net realisable value.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost less impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

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

VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 October 2023
and 30 September 2024 1,493
Depreciation
At 1 October 2023 494
Charge for year 498
At 30 September 2024 992
Net book value
At 30 September 2024 501
At 30 September 2023 999

5. Fixed asset investments
Interest in Other
associate investments Totals
£ £ £
Cost
At 1 October 2023 635,148 1,494 636,642
Additions 725,000 - 725,000
Disposals (381,392 ) - (381,392 )
At 30 September 2024 978,756 1,494 980,250
Net book value
At 30 September 2024 978,756 1,494 980,250
At 30 September 2023 635,148 1,494 636,642

6. Debtors
2024 2023
£ £
Amounts falling due within one year:
Other debtors 3,722,495 5,034,392

Amounts falling due after more than one year:
Other debtors 370,000 93,605

Aggregate amounts 4,092,495 5,127,997

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 443 -
Taxation and social security 150,286 57,409
Other creditors 485,880 462,579
636,609 519,988

VBM VENTURES LIMITED (REGISTERED NUMBER: 12255164)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 127,000 -

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary £1 50 50
50 D Ordinary £1 50 50
100 F Redeemable Ordinary 1p 1 1
66,700 A Redeemable 1p 667 667
230 B Redeemable 1p 2 2
82,453 C Ordinary 1p 825 825
23 E Redeemable 1p 1 1
1,596 1,596

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£ £
B O Boyce
Balance outstanding at start of year 535,286 619,652
Amounts advanced 1,352,410 551,077
Amounts repaid (587,633 ) (635,443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,300,063 535,286

The above loan is unsecured and repayable on demand. Interest is accruing at the official HMRC rate, currently 2.25%.

11. Related party disclosures

Other debtors include £87,541 (2023: £89,184) owed to a shareholder of the company. The loan is unsecured and repayable on demand. Interest is charged at the official HMRC rate, currently 2.25%.