REGISTERED NUMBER: 06208934 (England and Wales)

Financial Statements for the Year Ended 30 December 2024

for

Vonq UK Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

T van Paassen

Ms S J M Hosman

R Mohanka-Vedhara

REGISTERED OFFICE:

1st Floor

One Suffolk Way

Sevenoaks

Kent

TN13 1YL

REGISTERED NUMBER:

06208934 (England and Wales)

AUDITORS:

Crowe UK LLP

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

CURRENT ASSETS

Debtors

4

122,035

100,753

Cash at bank

167,682

2,082

289,717

102,835

CREDITORS

Amounts falling due within one year

5

1,869,298

550,695

NET CURRENT LIABILITIES

(1,579,581

)

(447,860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,579,581

)

(447,860

)

CAPITAL AND RESERVES

Called up share capital

6

20,200

20,200

Retained earnings

7

(1,599,781

)

(468,060

)

SHAREHOLDERS' FUNDS

(1,579,581

)

(447,860

)

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 29 September 2025 and were signed on its behalf by:

T van Paassen - Director

1.	STATUTORY INFORMATION

Vonq UK 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

The accounts are prepared on a going concern basis as in the opinion of the directors the Company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the risk and rewards of services is transferred to the customer.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

In addition, despite the current net liability position, the parent Company is not seeking repayment of the intercompany debt, as disclosed per Note 6 and will continue to support the Company to meet its obligations for at least 12 months from the date of approval of the account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Amounts owed by group undertakings

97,445

76,044

Other debtors

7,120

6,294

VAT

17,470

18,415

122,035

100,753

Amount owed by the group undertakings is £97,445 due from VONQ B.V. The balance is unsecured, interest-free, and repayable on demand. Management considers the amount to be fully recoverable, and no impairment is required.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

12,800

175

Amounts owed to group undertakings

1,660,038

504,996

Social security and other taxes

38,943

1,661

Other creditors

668

257

Accruals and deferred income

156,849

43,606

1,869,298

550,695

Amount owed to the group undertakings is £1,660,038 due to VONQ B.V. The balance is unsecured, interest-free, and repayable on demand. Management considers the amount to be fully recoverable, and no impairment is required.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

20,200

Ordinary shares

£1

20,200

20,200

7.

RESERVES

Retained

earnings

£

At 31 December 2023

(480,721

)

Prior year adjustment

12,661

(468,060

)

Deficit for the year

(1,131,721

)

At 30 December 2024

(1,599,781

)

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Terry (Senior Statutory Auditor)

for and on behalf of Crowe UK LLP

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

9.	ULTIMATE CONTROLLING PARTY

The directors regard Vonq Group B.V., a company incorporated in The Netherlands, to be the immediate parent company with a registered office at 37 Beursplein, 3011AA Rotterdam.

Vonq Group B.V., is the smallest group entity preparing consolidated financial statements which include the results of Vonq UK Limited.

Capital D GP S.à r.l., a company incorporated in Luxembourg, is considered to be the ultimate parent entity with a registered office at 1A, Heienhaff L-1736 Senningerberg, Grand Duchy of Luxembourg.

The directors do not consider there to be an ultimate controlling party.