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REGISTERED NUMBER: 11995005 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

VIKA RUSSELL LTD

VIKA RUSSELL LTD (REGISTERED NUMBER: 11995005)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


VIKA RUSSELL LTD (REGISTERED NUMBER: 11995005)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 287,606 -
Investments 5 250,025 250,025
537,631 250,025

CURRENT ASSETS
Debtors 6 244,084 213,142
Cash at bank 1,108 48,740
245,192 261,882
CREDITORS
Amounts falling due within one year 7 333,044 190,440
NET CURRENT (LIABILITIES)/ASSETS (87,852 ) 71,442
TOTAL ASSETS LESS CURRENT LIABILITIES 449,779 321,467

CREDITORS
Amounts falling due after more than one year 8 243,125 88,544
NET ASSETS 206,654 232,923

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 206,651 232,920
206,654 232,923

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 May 2025 and were signed by:





A R Smith - Director


VIKA RUSSELL LTD (REGISTERED NUMBER: 11995005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

VIKA Russell Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11995005

Registered office: 2 Fountain Mews High Street
Handcross
Haywards Heath
West Sussex
RH17 6BH

The presentation currency of the financial statements is the pound sterling (£).

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.

Turnover
Turnover represents dividends received by group undertakings, and is measured at the fair value of consideration received or receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at costs less any accumulated amortisation and any accumulated impairment losses.

Computer software represents development costs of a booking system intended to be licensed to the subsidiary. Once the development process is completed, amortisation will be charged on a systematic basis over it's estimated useful life.

Investments in subsidiaries
Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any
accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately to profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 290,023
At 30 September 2024 290,023
AMORTISATION
Charge for year 2,417
At 30 September 2024 2,417
NET BOOK VALUE
At 30 September 2024 287,606

VIKA RUSSELL LTD (REGISTERED NUMBER: 11995005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 250,025
NET BOOK VALUE
At 30 September 2024 250,025
At 30 September 2023 250,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 38,242 -
Other debtors 10,000 17,300
Directors' current accounts 146,417 146,417
Tax 49,425 49,425
244,084 213,142

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 72,502 18,961
Trade creditors 109 741
Amounts owed to group undertakings 259,675 169,155
Tax - (17 )
Other creditors 758 -
Accruals and deferred income - 1,600
333,044 190,440

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 52,501 17,501
Bank loans - 2-5 years 190,624 71,043
243,125 88,544

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 315,627 107,505

The bank loan is secured by fixed and floating charges over the assets of the company.

10. RELATED PARTY DISCLOSURES

The P ward & D Drew loan is provided interest free and repayable on demand.