1 March 2024 false No description of principal activity Taxfiler 2024.6 06130182 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06130182 2024-02-29 06130182 2024-03-01 2025-02-28 06130182 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 06130182 business:FilletedAccounts 2024-03-01 2025-02-28 06130182 2025-02-28 06130182 business:Director1 2024-03-01 2025-02-28 06130182 business:RegisteredOffice 2024-03-01 2025-02-28 06130182 2024-02-29 06130182 core:WithinOneYear 2025-02-28 06130182 core:WithinOneYear 2024-02-29 06130182 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 06130182 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 06130182 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 06130182 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 06130182 core:PreviouslyStatedAmount 2025-02-28 06130182 core:PreviouslyStatedAmount 2024-02-29 06130182 business:SmallEntities 2024-03-01 2025-02-28 06130182 countries:EnglandWales 2024-03-01 2025-02-28 06130182 core:PlantMachinery 2024-03-01 2025-02-28 06130182 core:MotorVehicles 2024-03-01 2025-02-28 06130182 core:IntangibleAssetsOtherThanGoodwill 2024-02-29 06130182 core:IntangibleAssetsOtherThanGoodwill 2025-02-28 06130182 core:PlantMachinery 2024-02-29 06130182 core:MotorVehicles 2024-02-29 06130182 core:PlantMachinery 2025-02-28 06130182 core:MotorVehicles 2025-02-28 06130182 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 06130182 (England and Wales)
Vegantune Sportscar And Motorsport Centre Ltd Unaudited accounts for the year ended 28 February 2025
Vegantune Sportscar And Motorsport Centre Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Vegantune Sportscar And Motorsport Centre Ltd Company Information for the year ended 28 February 2025
Director
Symon Tad Nicholas-Jago
Company Number
06130182 (England and Wales)
Registered Office
Jagos Mansion 17c The Green Martham Norfolk NR29 4PL United Kingdom
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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Vegantune Sportscar And Motorsport Centre Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
1,405
1,874
Current assets
Cash at bank and in hand
6
46
Creditors: amounts falling due within one year
6
(61,187)
(61,103)
Net current liabilities
(61,181)
(61,057)
Net liabilities
(59,776)
(59,183)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(59,777)
(59,184)
Shareholders' funds
(59,776)
(59,183)
For the year ending 28 February 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2025 and were signed on its behalf by
Symon Tad Nicholas-Jago Director Company Registration No. 06130182
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Vegantune Sportscar And Motorsport Centre Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Vegantune Sportscar And Motorsport Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 06130182. The registered office is Jagos Mansion, 17c The Green, Martham, Norfolk, NR29 4PL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 March 2024
11,750
At 28 February 2025
11,750
Amortisation
At 1 March 2024
11,750
At 28 February 2025
11,750
Net book value
At 28 February 2025
-
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Vegantune Sportscar And Motorsport Centre Ltd Notes to the Accounts for the year ended 28 February 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
6,407
2,500
8,907
At 28 February 2025
6,407
2,500
8,907
Depreciation
At 1 March 2024
6,407
626
7,033
Charge for the year
-
469
469
At 28 February 2025
6,407
1,095
7,502
Net book value
At 28 February 2025
-
1,405
1,405
At 29 February 2024
-
1,874
1,874
6
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
61,187
61,103
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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