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Company Registration No. 14635000 (England and Wales)
Vaass Ventures Limited Unaudited accounts for the year ended 28 February 2025
Vaass Ventures Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Vaass Ventures Limited Company Information for the year ended 28 February 2025
Director
Rachel Sambartolo
Company Number
14635000 (England and Wales)
Registered Office
167-169 Great Portland Street London W1W 5PF United Kingdom
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Vaass Ventures Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
588
386
Investment property
5
127,406
-
127,994
386
Current assets
Debtors
6
145
962
Cash at bank and in hand
51,092
253,442
51,237
254,404
Creditors: amounts falling due within one year
7
(180,954)
(257,150)
Net current liabilities
(129,717)
(2,746)
Net liabilities
(1,723)
(2,360)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(1,823)
(2,460)
Shareholders' funds
(1,723)
(2,360)
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 her 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 3 November 2025 and were signed on its behalf by
Rachel Sambartolo Director Company Registration No. 14635000
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Vaass Ventures Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Vaass Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 14635000. The registered office is 167-169 Great Portland Street, London, W1W 5PF, 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% S.L.
Computer equipment
25% S.L.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Vaass Ventures Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
-
515
515
Additions
441
-
441
At 28 February 2025
441
515
956
Depreciation
At 1 March 2024
-
129
129
Charge for the year
110
129
239
At 28 February 2025
110
258
368
Net book value
At 28 February 2025
331
257
588
At 29 February 2024
-
386
386
5
Investment property
2025
£
Additions
127,406
At 28 February 2025
127,406
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
145
486
Other debtors
-
476
145
962
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
102
-
Loans from directors
180,553
256,000
Accruals
299
1,150
180,954
257,150
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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