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REGISTERED NUMBER: 10778400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

VITA-GOMBOA LIMITED

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

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


VITA-GOMBOA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: E H M Coles





REGISTERED OFFICE: 2nd Floor
Medway Bridge House
1 - 8 Fairmeadow
Maidstone
Kent
ME14 1JP





REGISTERED NUMBER: 10778400 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,942 11,550
Investments 5 80,000 180,000
Investment property 6 3,199,867 3,199,836
3,290,809 3,391,386

CURRENT ASSETS
Debtors 7 118,542 140,469
Cash at bank 26,514 277,787
145,056 418,256
CREDITORS
Amounts falling due within one year 8 3,052,536 3,386,806
NET CURRENT LIABILITIES (2,907,480 ) (2,968,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,329

422,836

PROVISIONS FOR LIABILITIES 9 38,411 38,411
NET ASSETS 344,918 384,425

CAPITAL AND RESERVES
Called up share capital 10 190 190
Capital redemption reserve 10 10
Retained earnings 344,718 384,225
SHAREHOLDERS' FUNDS 344,918 384,425

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.

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

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 and authorised for issue by the director and authorised for issue on 26 February 2025 and were signed by:





E H M Coles - Director


VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Vita-Gomboa 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 as modified by the revaluation of certain assets.

Going concern
Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that he considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive cash balances and the only significant liability is an amount owed to the director, who has confirmed that he will not demand repayment at the detriment of the company's ability to continue as a going concern.

Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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

Income is recognised at date of invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the life of the lease

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.


VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

Investments
Investments held as fixed assets are recognised at cost less any impairment.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

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

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 June 2023
and 31 May 2024 12,158
DEPRECIATION
At 1 June 2023 608
Charge for year 608
At 31 May 2024 1,216
NET BOOK VALUE
At 31 May 2024 10,942
At 31 May 2023 11,550

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 180,000
Impairments (100,000 )
At 31 May 2024 80,000
NET BOOK VALUE
At 31 May 2024 80,000
At 31 May 2023 180,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 3,199,836
Additions 31
At 31 May 2024 3,199,867
NET BOOK VALUE
At 31 May 2024 3,199,867
At 31 May 2023 3,199,836

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 153,644
Cost 3,046,223
3,199,867

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. INVESTMENT PROPERTY - continued

The director has considered the value of the investment properties, and has deemed that no revaluation was required at the balance sheet date.

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 4,286 3,890
Other debtors 17,577 16,889
Tax 29,326 34,760
51,189 55,539

Amounts falling due after more than one year:
Other debtors 67,353 84,930

Aggregate amounts 118,542 140,469

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 17,740 2,274
Directors' loan accounts 3,030,595 3,380,595
Accruals and deferred income 4,201 3,937
3,052,536 3,386,806

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,411 38,411

Deferred
tax
£   
Balance at 1 June 2023 38,411
Balance at 31 May 2024 38,411

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
55 Ordinary A £1 55 55
20 Ordinary B £1 20 20
15 Ordinary C £1 15 15
190 190

VITA-GOMBOA LIMITED (REGISTERED NUMBER: 10778400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. CALLED UP SHARE CAPITAL - continued

The Ordinary shares have voting rights, the right to receive a dividend, rights to capital on winding up or other repayment of capital, and no shares are redeemable.

The Ordinary A, B and C shares have no voting rights, the right to receive a dividend, rights to capital on winding up or other repayment of capital, and no shares are redeemable.

11. RELATED PARTY DISCLOSURES

E H M Coles
Director

At the year end, an amount of £3,030,595 (2023: £3,380,595) was owed to the director and included in creditors due within one year. The amount is interest free and repayable on demand.

Close family members of the director

There is an existing loan to a close family member of the director. Interest at 4% per annum is charged on this loan and repayments totalling £20,654 (2023: £20,654) were made during the year, with interest being charged of £3,765 (2023: £4,426). At the year end £84,930 (2023: £101,818) was due to the company and included under other debtors.

12. ULTIMATE CONTROLLING PARTY

The controlling party is E H M Coles.