Company No: 08906504 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	0		1,061
Tangible assets	4	106,188		26,699
Investments	5	87		87
		106,275		27,847
Current assets
Debtors	6	541,365		362,332
Cash at bank and in hand		76,875		21,270
		618,240		383,602
Creditors: amounts falling due within one year	7	( 363,342)		( 252,191)
Net current assets		254,898		131,411
Total assets less current liabilities		361,173		159,258
Creditors: amounts falling due after more than one year	8	( 236,546)		( 136,605)
Provision for liabilities	9	( 5,870)		( 9,959)
Net assets		118,757		12,694
Capital and reserves
Called-up share capital	10	1,251		1,000
Share premium account		65,087		0
Profit and loss account		52,419		11,694
Total shareholders' funds		118,757		12,694

For the financial 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.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Vintage Corporate Limited (registered number: 08906504) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A J Morton Director

30 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vintage Corporate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Fairchild House, Redbourne Avenue, London, N3 2BP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	24		22

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	20,150		20,150
At 31 December 2024	20,150		20,150
Accumulated amortisation
At 01 January 2024	19,089		19,089
Charge for the financial year	1,061		1,061
At 31 December 2024	20,150		20,150
Net book value
At 31 December 2024	0		0
At 31 December 2023	1,061		1,061

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	120,022		120,022
Additions	88,943		88,943
At 31 December 2024	208,965		208,965
Accumulated depreciation
At 01 January 2024	93,323		93,323
Charge for the financial year	9,454		9,454
At 31 December 2024	102,777		102,777
Net book value
At 31 December 2024	106,188		106,188
At 31 December 2023	26,699		26,699

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	87
At 31 December 2024	87
Carrying value at 31 December 2024	87
Carrying value at 31 December 2023	87

6. Debtors

	2024		2023
	£		£
Trade debtors	207,859		257,067
Prepayments and accrued income	143,677		101,885
Other debtors	189,829		3,380
	541,365		362,332

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	30,000		30,000
Trade creditors	49,801		68,371
Accruals	98,542		17,625
Taxation and social security	49,425		22,356
Obligations under finance leases and hire purchase contracts	66,707		0
Other creditors	68,867		113,839
	363,342		252,191

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	17,500		47,500
Amounts owed to group undertakings	219,046		89,105
	236,546		136,605

9. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 9,959)		( 7,734)
Credited/(charged) to the Statement of Income and Retained Earnings	4,089		( 2,225)
At the end of financial year	( 5,870)		( 9,959)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 30,028)		( 9,959)
Other timing differences	24,158		0
	( 5,870)		( 9,959)

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
37,358 Ordinary shares of £ 0.01 each (2023: 85,000 shares of £ 0.01 each)	374		850
15,000 Ordinary B shares of £ 0.01 each	150		150
200 Growth Shares ordinary shares of £ 1.00 each (2023: nil shares)	200		0
2,417 Non voting shares ordinary shares of £ 0.01 each (2023: nil shares)	24		0
	748		1,000
50,308 Preference shares of £ 0.01 each (2023: nil shares)	503		0
	1,251		1,000

On 14 May 2024 47,642 £0.01 Ordinary shares were redesignated into 47,642 Ordinary £0.01 preference shares. A further 2,666 £0.01 Preference shares; 200 £1 Growth shares; and 2,417 £0.01 non-voting shares were issued.

11. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	4,428		8,908

12. Related party transactions

Other related party transactions

	2024		2023
	£		£
Included in other debtors are amounts owed by companies under common control	117,665		0
Included in other creditors are amounts owed to companies under common control	64,439		101,738
Commission paid to companies under common control	258,000		109,000

The company has taken advantage of the exemption conferred by Section 33.1A of Financial Reporting Standard 102: Related Party Disclosures, from the requirement to disclose transactions with wholly owned group undertakings.