Vaquancy Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 13803233

		2024		2023 as restated
	Notes	€	€	€	€
CURRENT ASSETS
Cash at bank and in hand		1,620		298

		1,620		298
Creditors: Amounts Falling Due Within One Year	4	(6,135 )		(1,743 )

NET CURRENT ASSETS (LIABILITIES)			(4,515 )		(1,445 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,515 )		(1,445 )

NET LIABILITIES			(4,515 )		(1,445 )

CAPITAL AND RESERVES
Called up share capital	5		115		115
Income Statement			(4,630 )		(1,560 )

SHAREHOLDERS' FUNDS			(4,515)		(1,445)

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement.

On behalf of the board

Mr Efthymios Vafeiadis

Director

18 July 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Vaquancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13803233 . The registered office is 156A Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Euros (€), which is the company’s functional and presentational currency. In the current year, the company changed its presentational currency from Pounds Sterling (£) to Euros (€), to better reflect the underlying transactions, balances, and operations of the business, which are now predominantly denominated in Euros.

The comparative figures for the prior year have been restated in Euros using the following methodology:

Assets and liabilities were translated at the closing exchange rate at the reporting date of the prior year
Income and expenses were translated at the average exchange rate for the prior year
All resulting exchange differences, if any, were recognised in equity

This change in presentational currency has no impact on the company’s functional currency or on the underlying transactions.

2.2. Going Concern Disclosure

The company has net liabilities of €4,515 as at 31 December 2024. The directors confirm that they are satisfied that the company has adequate resources to meet its liabilities for at least 12 months from the date of signing the financial statements, having:

forecast cash flows for the company for at least 12 months from the date of signing the financial statements
considered the recoverability and liquidity of the company's fixed assets
considered the fact that the parent company is willing and able to provide short-term liquidity to the company

As a result, the directors continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Taxation

The company incurred losses and there is no corporation tax.

2.5. Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

inancial assets,

2.6. Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

2.7. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

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Vaquancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	€	€
Accruals and deferred income	2,000	1,743
Amounts owed to parent undertaking	4,135	-

	6,135	1,743

5. Share Capital

	2024	2023 as restated
	€	€
Allotted, Called up and fully paid	115	115

6. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Workearly Ltd . Workearly Ltd was incorporated in England. Copies of the parent company's accounts may be obtained from the secretary, at 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX .

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