REGISTERED NUMBER: 02191701 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

VITALCROWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A F Nixey

W A Nixey

N E Nixey

SECRETARY:

Mrs V L Nixey

REGISTERED OFFICE:

Easington Manor

Watlington

Oxfordshire

OX49 5AZ

REGISTERED NUMBER:

02191701 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,260,680

4,014,555

Investments

5

17,750,000

17,750,000

22,010,680

21,764,555

CURRENT ASSETS

Stocks

5,500

548,186

Debtors

6

772,735

746,831

Cash at bank

106,867

473,942

885,102

1,768,959

CREDITORS

Amounts falling due within one year

7

11,959,769

11,136,600

NET CURRENT LIABILITIES

(11,074,667

)

(9,367,641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,936,013

12,396,914

CREDITORS

Amounts falling due after more than one year

8

10,034,549

11,000,000

NET ASSETS

901,464

1,396,914

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

900,464

1,395,914

SHAREHOLDERS' FUNDS

901,464

1,396,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th September 2025 and were signed on its behalf by:

A F Nixey - Director

W A Nixey - Director

N E Nixey - Director

1.	STATUTORY INFORMATION

Vitalcrown 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.

Tangible fixed assets

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

Land and buildings

-

nil

Plant and machinery etc

-

25% on reducing balance and at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

953,718

3,249,725

4,203,443

Additions

-

274,668

274,668

At 31st December 2024

953,718

3,524,393

4,478,111

DEPRECIATION

At 1st January 2024

-

188,888

188,888

Charge for year

-

28,543

28,543

At 31st December 2024

-

217,431

217,431

NET BOOK VALUE

At 31st December 2024

953,718

3,306,962

4,260,680

At 31st December 2023

953,718

3,060,837

4,014,555

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

17,750,000

NET BOOK VALUE

At 31st December 2024

17,750,000

At 31st December 2023

17,750,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

747,941

1,274

Other debtors

24,794

745,557

772,735

746,831

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

8,000,000

Trade creditors

35,367

13,358

Amounts owed to group undertakings

6,384,296

-

Taxation and social security

-

5,101

Other creditors

5,540,106

3,118,141

11,959,769

11,136,600

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

10,034,549

11,000,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

10,034,549

11,000,000

9.	RELATED PARTY DISCLOSURES

The company received additional loans from related parties of £2,258,583 during the year. At the year end the company owed £5,282,116 to related parties in respect of the unpaid loans (2023: £3,023,533). The directors of this company are directors, shareholders or partners of the related parties.

The company borrowed £6,384,296 from a subsidiary in the year. This balance was still owed at the year end.