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REGISTERED NUMBER: 04012520 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Vienco Limited

Vienco Limited (Registered number: 04012520)






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


Vienco Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: C Russell





SECRETARY: Mrs C I Russell





REGISTERED OFFICE: 36 Steedman Avenue
Nottingham
NG3 6DL





REGISTERED NUMBER: 04012520 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Vienco Limited (Registered number: 04012520)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 49,534 41,226
Investment property 5 1,500,000 1,330,000
1,549,534 1,371,226

CURRENT ASSETS
Debtors 6 4,780 5,516
Cash at bank and in hand 95,476 147,480
100,256 152,996
CREDITORS
Amounts falling due within one year 7 26,126 18,202
NET CURRENT ASSETS 74,130 134,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,623,664

1,506,020

PROVISIONS FOR LIABILITIES 225,043 149,436
NET ASSETS 1,398,621 1,356,584

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 674,214 626,614
Retained earnings 723,407 728,970
SHAREHOLDERS' FUNDS 1,398,621 1,356,584

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 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.

Vienco Limited (Registered number: 04012520)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





C Russell - Director


Vienco Limited (Registered number: 04012520)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Vienco 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Vienco Limited (Registered number: 04012520)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2023 80,599 54,320 134,919
Additions - 53,950 53,950
Disposals - (54,320 ) (54,320 )
At 30 November 2024 80,599 53,950 134,549
DEPRECIATION
At 1 December 2023 69,928 23,765 93,693
Charge for year 1,600 13,487 15,087
Eliminated on disposal - (23,765 ) (23,765 )
At 30 November 2024 71,528 13,487 85,015
NET BOOK VALUE
At 30 November 2024 9,071 40,463 49,534
At 30 November 2023 10,671 30,555 41,226

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 1,330,000
Additions 44,645
Revaluations 125,355
At 30 November 2024 1,500,000
NET BOOK VALUE
At 30 November 2024 1,500,000
At 30 November 2023 1,330,000

Vienco Limited (Registered number: 04012520)

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

5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2016 443,596
Valuation in 2021 330,000
Valuation in 2024 125,355
Cost 601,049
1,500,000

The investment properties were valued during the year at open market value at £1,500,000 (2023: 1,330,000) by Mr C Russell the director of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 2,406 1,513
Prepayments and accrued income 2,374 4,003
4,780 5,516

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 6,634 4,663
Tax 4,967 -
Social security and other taxes 615 2,488
Directors' current accounts 308 1,116
Accruals and deferred income 13,602 9,935
26,126 18,202

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

Vienco Limited (Registered number: 04012520)

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

9. RESERVES
Revaluation
reserve
£   
At 1 December 2023 626,614
Revaluation 125,355
Deferred tax (77,755 )

At 30 November 2024 674,214

10. ULTIMATE CONTROLLING PARTY

The company was under the control of the director Mr Russell and his wife in the current, and previous, year by virtue of the fact that they jointly own all the share capital of the company.