REGISTERED NUMBER: 11092363 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

VYKING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Certified Accountants' Report

8

DIRECTORS:

S Klimpke

M Klimpke

C M H Klimpke

T P G D Marion De Proce

R Klimpke

REGISTERED OFFICE:

City House

Sutton Park Road

Sutton

United Kingdom

SM1 2AE

REGISTERED NUMBER:

11092363 (England and Wales)

ACCOUNTANTS:

A W Associates

Regus, Building 2

Guildford Business Park Road

Guildford

Surrey

GU2 8XG

FIXED ASSETS

Intangible assets

4

1,355,252

1,527,429

Tangible assets

5

279

559

Investments

6

21,410

21,410

1,376,941

1,549,398

CURRENT ASSETS

Debtors

7

28,592

142,340

Cash at bank and in hand

26,020

68,201

54,612

210,541

CREDITORS

Amounts falling due within one year

8

924,769

984,370

NET CURRENT LIABILITIES

(870,157

)

(773,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

506,784

775,569

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

506,684

775,469

506,784

775,569

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.

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 26 September 2025 and were signed on its behalf by:

C M H Klimpke - Director

1.	STATUTORY INFORMATION

Vyking 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.

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.

Turnover

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

Intangible assets

The intangible asset represents the intellectual property acquired in 2018. Additional R&D expenditure has been incurred and the cost will be written off against future sales which arise when the project is fully complete and able to generate a reliable income stream. It is expected that the accumulated costs will be amortised over a period of 8 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

1,839,544

Additions

57,766

At 31 December 2024

1,897,310

AMORTISATION

At 1 January 2024

312,115

Charge for year

229,943

At 31 December 2024

542,058

NET BOOK VALUE

At 31 December 2024

1,355,252

At 31 December 2023

1,527,429

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

8,492

DEPRECIATION

At 1 January 2024

7,933

Charge for year

280

At 31 December 2024

8,213

NET BOOK VALUE

At 31 December 2024

279

At 31 December 2023

559

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

21,410

NET BOOK VALUE

At 31 December 2024

21,410

At 31 December 2023

21,410

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

65,102

Other debtors

28,592

77,238

28,592

142,340

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

28,577

2,078

Amounts owed to group undertakings

3,432

3,432

Taxation and social security

1,598

1,677

Other creditors

891,162

977,183

924,769

984,370

9.	RELATED PARTY DISCLOSURES

As at 31st December 2024 the company owed Vyking GmbH, a wholly owned subsidiary, £3,432 (2023 £3,432), this amount is due for repayment on demand and interest is not charged.

During the year to 31st December 2024 Vyking GmbH recharged management fees to the company amounting to £324,230 (2023 £430,616) and research and development costs of £57,766 (2023 £397,644).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vyking Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Vyking Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vyking Limited and state those matters that we have agreed to state to the Board of Directors of Vyking Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vyking Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Vyking Limited. You consider that Vyking Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vyking Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A W Associates

Regus, Building 2

Guildford Business Park Road

Guildford

Surrey

GU2 8XG

29 September 2025