| VRATISLAVIA CAPITAL LTD |
| Notes to the Accounts |
| for the year ended 31 August 2024 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
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| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 September 2023 |
193,286 |
|
Disposals |
(52,464) |
|
|
At 31 August 2024 |
140,822 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
10,226 |
|
8,510 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
232,960 |
|
225,000 |
|
|
|
|
|
|
243,186 |
|
233,510 |
|
|
|
|
|
|
|
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| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
540 |
|
540 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
53,372 |
|
109,900 |
|
Taxation and social security costs |
265 |
|
775 |
|
|
|
|
|
|
54,177 |
|
111,215 |
|
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| 6 |
Other information |
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VRATISLAVIA CAPITAL LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
17 Scott Avenue |
|
London |
|
SW15 3PA |