Vik Beach Propco Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14156072

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		4,486,900		4,386,000

			4,486,900		4,386,000
CURRENT ASSETS
Debtors	5	2,880		13,648
Cash at bank and in hand		102,241		24,179

		105,121		37,827
Creditors: Amounts Falling Due Within One Year	6	(4,200,333 )		(4,147,063 )

NET CURRENT ASSETS (LIABILITIES)			(4,095,212 )		(4,109,236 )

TOTAL ASSETS LESS CURRENT LIABILITIES			391,688		276,764

NET ASSETS			391,688		276,764

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			391,588		276,664

SHAREHOLDERS' FUNDS			391,688		276,764

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 Profit and Loss Account.

On behalf of the board

Alexandar Beltchev

Director

30 September 2025

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

1. General Information

Vik Beach Propco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14156072 . The registered office is 5th Floor, 30-31 Furnival Street, London, EC4A 1JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents rental income receivable from tenants at the company's investment property.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the period was as follows: 2 (2023: 2)

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	4,386,000
Revaluations	100,900

As at 31 December 2024	4,486,900

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	-	12,783
Funds held by managing agents and block management agents	-	865
Amounts owed by associates	2,880	-

	2,880	13,648

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other loans	2,531,413	2,478,309
Other creditors	166	-
Accruals and deferred income	1,152	1,152
Amounts owed to parent undertaking	1,667,602	1,667,602

	4,200,333	4,147,063

Page 2

Page 3

Vik Beach Propco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Freudian Holdco Limited . Freudian Holdco Limited was incorporated in England and Wales. The ultimate controlling party is the director, Alexandar Beltchev who owns 100% of the shares in Freudian Holdco Limited.

9. Tenancy deposits

As at 31 December 2023 there were tenancy deposits of £15,047 being held in the managing agent's client deposit account.