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COMPANY REGISTRATION NUMBER: 13567151
VCL Management Limited
Unaudited financial statements
31 December 2024
VCL Management Limited
Statement of financial position
31 December 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
112,257
95,706
Cash at bank and in hand
7,045
15,578
---------
---------
119,302
111,284
Creditors: Amounts falling due within one year
6
( 126,806)
( 117,013)
---------
---------
Net current liabilities
( 7,504)
( 5,729)
------
------
Total assets less current liabilities
( 7,504)
( 5,729)
------
------
Net liabilities
( 7,504)
( 5,729)
------
------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 7,505)
( 5,730)
------
------
Shareholders deficit
( 7,504)
( 5,729)
------
------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 June 2025 , and are signed on behalf of the board by:
A Jones
Director
Company registration number: 13567151
VCL Management Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 42 Maiden Lane, Third Floor, London, WC2E 7LJ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
4. Employee numbers
The average number of employees during the year was 3 (2023: 3 ).
5. Debtors
2024
2023
£
£
Prepayments
324
263
Other debtors
111,933
95,443
---------
-------
112,257
95,706
---------
-------
6. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
295
2,330
Social security and other taxes
1,865
1,205
Loan Account - Veritas Capital Ltd
12,661
( 8,429)
Other creditors
111,985
121,907
---------
---------
126,806
117,013
---------
---------