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REGISTERED NUMBER: 03815777 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Vick Marine Limited

Vick Marine Limited (Registered number: 03815777)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vick Marine Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P F Wagstaff
A E M Wagstaff





SECRETARY: P F Wagstaff





REGISTERED OFFICE: 4 Enterprise Court
Downmill Road
Bracknell
Berkshire
RG12 1QS





REGISTERED NUMBER: 03815777 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Vick Marine Limited (Registered number: 03815777)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,650,000 1,650,000
Investments 5 1,600,000 1,600,000
3,250,000 3,250,000

CURRENT ASSETS
Debtors 6 - 19,103
Cash at bank 624 13,905
624 33,008
CREDITORS
Amounts falling due within one year 7 (101,694 ) (107,007 )
NET CURRENT LIABILITIES (101,070 ) (73,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,148,930

3,176,001

CREDITORS
Amounts falling due after more than one
year

8

(424,732

)

(456,675

)
NET ASSETS 2,724,198 2,719,326

CAPITAL AND RESERVES
Called up share capital 98,310 98,310
Revaluation reserve 9 2,588,323 2,588,323
Retained earnings 37,565 32,693
2,724,198 2,719,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Vick Marine Limited (Registered number: 03815777)

Balance Sheet - continued
31 December 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 July 2025 and were signed on its behalf by:





P F Wagstaff - Director


Vick Marine Limited (Registered number: 03815777)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Vick Marine 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

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

Patents and licences are amortised evenly over their estimated useful lives.

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.

3. EMPLOYEES AND DIRECTORS

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

Vick Marine Limited (Registered number: 03815777)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 1,650,000
NET BOOK VALUE
At 31 December 2024 1,650,000
At 31 December 2023 1,650,000

Cost or valuation at 31 December 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2005 250,000
Valuation in 2009 582,356
Valuation in 2012 185,967
Valuation in 2014 70,000
Valuation in 2019 500,000
Valuation in 2020 1,000,000
Valuation in 2023 (1,350,000 )
Cost 411,677
1,650,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1,600,000
NET BOOK VALUE
At 31 December 2024 1,600,000
At 31 December 2023 1,600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 19,103

Vick Marine Limited (Registered number: 03815777)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 1,000
Taxation and social security 1,394 702
Other creditors 100,300 105,305
101,694 107,007

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 424,732 456,675

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 2,588,323

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
P F Wagstaff
Balance outstanding at start of year 332,796 332,718
Amounts advanced 91,936 78
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 424,732 332,796

E C Vick
Balance outstanding at start of year 123,879 123,879
Amounts repaid (123,879 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 123,879

The loans are unsecured, interest free and repayable on demand. However, the directors have indicated that they do not require repayment within the next twelve months.

11. RELATED PARTY DISCLOSURES

Included in debtors are amounts due from BMIL 2024 Ltd of £Nil (2023 - £18,863).

Included in creditors, amounts falling due within one year, is £Nil (2023 - £1,000) owed to BML 2024 Ltd. The two companies are related by virtue of common control.