ARIES VIP LIMITED

Company Registration Number:
12606150 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

ARIES VIP LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ARIES VIP LIMITED

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The company's principal activity during the year continued to be artistic creation.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

T Gunner
A Gunner


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 February 2025

And signed on behalf of the board by:
Name: T Gunner
Status: Director

ARIES VIP LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 35,080 84,128
Cost of sales: ( 1,373 ) ( 27,951 )
Gross profit(or loss): 33,707 56,177
Administrative expenses: ( 40,369 ) ( 60,011 )
Other operating income: 21,950
Operating profit(or loss): (6,662) 18,116
Interest receivable and similar income: 750
Profit(or loss) before tax: (6,662) 18,866
Tax: ( 4,808 )
Profit(or loss) for the financial year: (6,662) 14,058

ARIES VIP LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 14,480 19,307
Total fixed assets: 14,480 19,307
Current assets
Debtors: 4 19,580
Cash at bank and in hand: 22,856 65,156
Total current assets: 22,856 84,736
Creditors: amounts falling due within one year: 5 ( 5,119 ) ( 5,803 )
Net current assets (liabilities): 17,737 78,933
Total assets less current liabilities: 32,217 98,240
Total net assets (liabilities): 32,217 98,240
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 32,117 98,140
Total Shareholders' funds: 32,217 98,240

The notes form part of these financial statements

ARIES VIP LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 February 2025
and signed on behalf of the board by:

Name: A Gunner
Status: Director

The notes form part of these financial statements

ARIES VIP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

ARIES VIP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

ARIES VIP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 4,040 30,990 35,030
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 4,040 30,990 35,030
Depreciation
At 1 June 2023 2,165 13,558 15,723
Charge for year 469 4,358 4,827
On disposals
Other adjustments
At 31 May 2024 2,634 17,916 20,550
Net book value
At 31 May 2024 1,406 13,074 14,480
At 31 May 2023 1,875 17,432 19,307

ARIES VIP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 19,549
Other debtors 31
Total   19,580

ARIES VIP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 229
Taxation and social security 4,819 4,791
Other creditors 300 783
Total 5,119 5,803

ARIES VIP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Loans to directors

Name of director receiving advance or credit: T Gunner
Description of the transaction:
Related party disclosure
£
Balance at 31 May 2023 242
Advances or credits made:
Advances or credits repaid: 242
Balance at 31 May 2024 0

Name of director receiving advance or credit: A Gunner
Description of the transaction:
Related party disclosure
£
Balance at 31 May 2023 241
Advances or credits made:
Advances or credits repaid: 241
Balance at 31 May 2024 0