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REGISTERED NUMBER: 13040803 (England and Wales)















VEKIS LIMITED

Unaudited Financial Statements For The Year Ended 30 November 2024






VEKIS LIMITED (REGISTERED NUMBER: 13040803)






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

VEKIS LIMITED

Company Information
For The Year Ended 30 November 2024







DIRECTORS: Miss K Soni
Mrs V Soni





SECRETARY:





REGISTERED OFFICE: 18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD





REGISTERED NUMBER: 13040803 (England and Wales)





ACCOUNTANTS: Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

VEKIS LIMITED (REGISTERED NUMBER: 13040803)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 294,244 286,994

CURRENT ASSETS
Debtors 5 354 181
Cash at bank 2,698 6,659
3,052 6,840
CREDITORS
Amounts falling due within one year 6 75,173 84,404
NET CURRENT LIABILITIES (72,121 ) (77,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,123

209,430

CREDITORS
Amounts falling due after more than one
year

7

191,447

196,462
NET ASSETS 30,676 12,968

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 11,537 4,287
Retained earnings 19,039 8,581
30,676 12,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VEKIS LIMITED (REGISTERED NUMBER: 13040803)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




Mrs V Soni - Director



Miss K Soni - Director


VEKIS LIMITED (REGISTERED NUMBER: 13040803)

Notes to the Financial Statements
For The Year Ended 30 November 2024

1. STATUTORY INFORMATION

Vekis 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover represents rental income from properties and excludes VAT as the company is not VAT registered. The revenue is recognised on as it falls due for payment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

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

VEKIS LIMITED (REGISTERED NUMBER: 13040803)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 286,994
Additions 7,250
At 30 November 2024 294,244
NET BOOK VALUE
At 30 November 2024 294,244
At 30 November 2023 286,994

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2023 4,287
Valuation in 2024 7,250
Cost 282,707
294,244

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 203,752 203,752

Investment properties were valued on an open market basis on 30 November 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 354 181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,652 2,767
Taxation and social security 2,660 2,012
Other creditors 67,861 79,625
75,173 84,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 191,447 196,462

VEKIS LIMITED (REGISTERED NUMBER: 13040803)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 191,447 196,462

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 191,447 196,462

A Mortgage made to the company is secured over the freehold property.

9. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.
Loans made to the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.

10. RESERVES
Revaluation
reserve
£   
At 1 December 2023 4,287
Revaluation reserve 7,250

At 30 November 2024 11,537

11. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

VEKIS LIMITED

Report of the Accountants to the Directors of
Vekis Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


29 April 2025