IRIS Accounts Production v24.3.2.46 10609507 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106095072023-05-31106095072024-05-31106095072023-06-012024-05-31106095072022-05-31106095072022-06-012023-05-31106095072023-05-3110609507ns15:EnglandWales2023-06-012024-05-3110609507ns14:PoundSterling2023-06-012024-05-3110609507ns10:Director12023-06-012024-05-3110609507ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110609507ns10:SmallEntities2023-06-012024-05-3110609507ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110609507ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110609507ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110609507ns10:FullAccounts2023-06-012024-05-3110609507ns10:OrdinaryShareClass12023-06-012024-05-3110609507ns10:RegisteredOffice2023-06-012024-05-3110609507ns5:CurrentFinancialInstruments2024-05-3110609507ns5:CurrentFinancialInstruments2023-05-3110609507ns5:Non-currentFinancialInstruments2024-05-3110609507ns5:Non-currentFinancialInstruments2023-05-3110609507ns5:ShareCapital2024-05-3110609507ns5:ShareCapital2023-05-3110609507ns5:RetainedEarningsAccumulatedLosses2024-05-3110609507ns5:RetainedEarningsAccumulatedLosses2023-05-3110609507ns5:PlantMachinery2023-06-012024-05-3110609507ns5:PlantMachinery2023-05-3110609507ns5:PlantMachinery2024-05-3110609507ns5:PlantMachinery2023-05-3110609507ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110609507ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3110609507ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 10609507 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

VIP 35 Ltd

VIP 35 Ltd (Registered number: 10609507)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIP 35 Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: N P Shepherd





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 10609507 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

VIP 35 Ltd (Registered number: 10609507)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,500 1,875

CURRENT ASSETS
Stocks 830,000 600,000
Debtors 5 11,256 4,974
Cash at bank 7,882 19,679
849,138 624,653
CREDITORS
Amounts falling due within one year 6 4,101 844
NET CURRENT ASSETS 845,037 623,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,537

625,684

CREDITORS
Amounts falling due after more than one year 7 (1,118,852 ) (886,000 )

PROVISIONS FOR LIABILITIES - (356 )
NET LIABILITIES (272,315 ) (260,672 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (272,316 ) (260,673 )
SHAREHOLDERS' FUNDS (272,315 ) (260,672 )

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

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

VIP 35 Ltd (Registered number: 10609507)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





N P Shepherd - Director


VIP 35 Ltd (Registered number: 10609507)

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

1. STATUTORY INFORMATION

VIP 35 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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 1 (2023 - 1 ) .

VIP 35 Ltd (Registered number: 10609507)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 2,500
Additions 11,500
Disposals (11,500 )
At 31 May 2024 2,500
DEPRECIATION
At 1 June 2023 625
Charge for year 1,875
Eliminated on disposal (1,500 )
At 31 May 2024 1,000
NET BOOK VALUE
At 31 May 2024 1,500
At 31 May 2023 1,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 11,256 4,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings - 2
Taxation and social security 3,302 42
Other creditors 799 800
4,101 844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 1,118,852 886,000

VIP 35 Ltd (Registered number: 10609507)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1