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Company No: 13749409 (England and Wales)

VIKI CAPITAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

VIKI CAPITAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

VIKI CAPITAL LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
VIKI CAPITAL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS V Mehta
K Tiwari-Mehta
REGISTERED OFFICE 81 Woodstock Road
London
W4 1EE
United Kingdom
COMPANY NUMBER 13749409 (England and Wales)
ACCOUNTANT Evelyn Partners (South East) Limited
Brockbourne House
77 Mount Ephraim
Royal Tunbridge Wells
TN4 8BS
VIKI CAPITAL LIMITED

BALANCE SHEET

As at 31 March 2024
VIKI CAPITAL LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 61,554 41,044
61,554 41,044
Current assets
Debtors 4 7,566 0
7,566 0
Creditors: amounts falling due within one year 5 ( 61,140) ( 36,377)
Net current liabilities (53,574) (36,377)
Total assets less current liabilities 7,980 4,667
Provision for liabilities 6 ( 2,920) ( 1,362)
Net assets 5,060 3,305
Capital and reserves
Called-up share capital 7 600 600
Profit and loss account 4,460 2,705
Total shareholders' funds 5,060 3,305

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Viki Capital Limited (registered number: 13749409) were approved and authorised for issue by the Board of Directors on 13 March 2025. They were signed on its behalf by:

V Mehta
Director
VIKI CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
VIKI CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Viki Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 81 Woodstock Road, London, W4 1EE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Viki Capital Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 100

Listed investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 40,944 40,944
Additions 15,747 15,747
Movement in fair value 6,234 6,234
Foreign exchange movement ( 1,471) ( 1,471)
At 31 March 2024 61,454 61,454
Carrying value at 31 March 2024 61,454 61,454
Carrying value at 31 March 2023 40,944 40,944

The original cost of investment is €60,000 (2023: €42,000).

4. Debtors

2024 2023
£ £
Other debtors 7,566 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 1,450 1,380
Other creditors 59,690 34,997
61,140 36,377

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 1,362) 0
Charged to the Profit and Loss Account ( 1,558) ( 1,362)
At the end of financial year ( 2,920) ( 1,362)

The deferred taxation balance is made up as follows:

2024 2023
£ £
Origination and reversal of timing differences ( 2,920) ( 1,362)

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 E ordinary shares of £ 1.00 each 200 200
100 D ordinary shares of £ 1.00 each 100 100
100 C ordinary shares of £ 1.00 each 100 100
100 B ordinary shares of £ 1.00 each 100 100
100 A ordinary shares of £ 1.00 each 100 100
600 600

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors Loan Account - interest free and repayable on demand 59,690 34,997

During the year expenses of £24,693 were paid by the director on behalf of the company. At the end of the year £59,690 (2023: £34,997) was outstanding. The balance is interest free and payable on demand.

9. Ultimate controlling party

The ultimate controlling party is Viral Mehta by way of their 100% shareholding.