VIP MOLLINGTON LIMITED
REGISTERED NUMBER: 05902031
BALANCE SHEET
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 30 June 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2025.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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VIP MOLLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The company is a limited liability company incorporated in the United Kingdom and its registered address is C/O Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Page 2
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VIP MOLLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Related party transactions
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G J White Junior, a director, operates a current account with the company to which all transactions of a
private nature are charged. Included in other creditors as at 30th June 2024 is £20,104 (2023: £19,981) owing to G J White Junior.
G White, a director, operates a current account with the company to which all transactions of a private
nature are charged. Included in other creditors as at 30th June 2024 is £38,672 (2023: £38,672) owing to G White.
C A Pennington, a director, operates a current account with the company to which all transactions of a private nature are charged. Included in other creditors as at 30th June 2024 is £19,460 (2023: £19,460) owing to C A Pennington.
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Page 3
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