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Registered number: 07930430
VAI MILANO UK LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Accentor Associates Limited
Chartered Accountants
639 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07930430
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand 1 1
1 1
Creditors: Amounts Falling Due Within One Year 7 (946,321 ) (946,321 )
NET CURRENT ASSETS (LIABILITIES) (946,320 ) (946,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES (946,320 ) (946,320 )
Creditors: Amounts Falling Due After More Than One Year 8 (45,676 ) (45,676 )
NET LIABILITIES (991,996 ) (991,996 )
CAPITAL AND RESERVES
Called up share capital 9 2,024,255 2,024,255
Fair value reserve 10 (692,285 ) (692,285 )
Profit and Loss Account (2,323,966 ) (2,323,966 )
SHAREHOLDERS' FUNDS (991,996) (991,996)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Jin Yang
Director
08/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VAI MILANO UK LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07930430 . The registered office is 639 Green Lanes, London, N8 0RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance
Motor Vehicles Reducing balance
Fixtures & Fittings Reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 237,971 103,203 341,174
As at 31 December 2024 237,971 103,203 341,174
Depreciation
As at 1 January 2024 237,971 103,203 341,174
As at 31 December 2024 237,971 103,203 341,174
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - - -
Page 3
Page 4
5. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 1,518,403
As at 31 December 2024 1,518,403
Provision
As at 1 January 2024 1,518,403
As at 31 December 2024 1,518,403
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 136,568 136,568
Bank loans and overdrafts 12,801 12,801
Other loans 796,537 796,537
Corporation tax 415 415
946,321 946,321
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back Loan 45,676 45,676
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,024,255 2,024,255
10. Reserves
Fair Value Reserve
£
As at 1 January 2024 (692,285 )
As at 31 December 2024 (692,285 )
Page 4