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REGISTERED NUMBER: 15569620 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 16 MARCH 2024 TO 31 MARCH 2025

FOR

Viking Drylining Ltd

Viking Drylining Ltd (Registered number: 15569620)

CONTENTS OF THE FINANCIAL STATEMENTS

for the period 16 March 2024 to 31 March 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

Viking Drylining Ltd

COMPANY INFORMATION

for the period 16 March 2024 to 31 March 2025

| Directors: | R C Horne

| Mrs J K Richards

| Registered office: | Abacus House

| 129 North Hill

| Plymouth

| Devon

| PL4 8JY

| Business address: | 31 Chestnut Drive

| Newton Abbot

| Devon

| TQ12 4JX

| Registered number: | 15569620 (England and Wales)

| Accountants: | Websters

| 129 North Hill

| Plymouth

| Devon

| PL4 8JY

Viking Drylining Ltd (Registered number: 15569620)

BALANCE SHEET

31 March 2025

| Notes | £ |

| Fixed assets

| Tangible assets | 4 | - |  |

| Current assets

| Stocks | 12,357 |  |

| Debtors | 5 | 2,808 |  |

| Cash at bank | 65,436 |  |

80,601 |  |

| Creditors

| Amounts falling due within one year | 6 | 99,098 |  |

| Net current liabilities | (18,497 | ) |

| Total assets less current liabilities | (18,497 | ) |

| Capital and reserves

| Called up share capital | 7 | 100 |  |

| Retained earnings | (18,597 | ) |

| Shareholders' funds | (18,497 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

Viking Drylining Ltd (Registered number: 15569620)

BALANCE SHEET - continued

31 March 2025

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

Mrs J K Richards - Director

Viking Drylining Ltd (Registered number: 15569620)

NOTES TO THE FINANCIAL STATEMENTS

for the period 16 March 2024 to 31 March 2025

1. | STATUTORY INFORMATION

| Viking Drylining Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business 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 balance sheet shows net liabilities of £18,497 as at 31st March 2025; the financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the business by not withdrawing their loan to the company. The going concern basis is therefore believed to be appropriate.

| Turnover

| Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

Viking Drylining Ltd (Registered number: 15569620)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the period 16 March 2024 to 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Creditors

| 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.

| Provisions

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 .

4. | TANGIBLE FIXED ASSETS

| The company has no tangible assets.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Trade debtors | 238 |  |

| Other debtors | 2,570 |  |

2,808 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Trade creditors | 9,555 |  |

| Taxation and social security | 684 |  |

| Other creditors | 88,859 |  |

99,098 |  |

Viking Drylining Ltd (Registered number: 15569620)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the period 16 March 2024 to 31 March 2025

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 100 | Ordinary | £1 | 100 |  |

| 100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company owed the following amounts to related parties:

| R Horne |  | Director and shareholder |  | £ 43,788 |  |

| Mrs J Richards |  | Director and shareholder |  | £ 42,217 |  |

| During the year, interest of £2,917 was paid to R Horne and £2,197 was paid to Mrs J Richards in respect of their loans to the company.

9. | ULTIMATE CONTROLLING PARTY

| The company is ultimately controlled by the directors.