The Vault Bar Limited

	Page
Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 05045030

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		324,954		327,388

			324,954		327,388
CURRENT ASSETS
Stocks	5	3,435		5,500
Cash at bank and in hand		1,644		1,338

		5,079		6,838
Creditors: Amounts Falling Due Within One Year	6	(216,088 )		(216,896 )

NET CURRENT ASSETS (LIABILITIES)			(211,009 )		(210,058 )

TOTAL ASSETS LESS CURRENT LIABILITIES			113,945		117,330

Creditors: Amounts Falling Due After More Than One Year	7		(86,690 )		(87,089 )

NET ASSETS			27,255		30,241

CAPITAL AND RESERVES
Called up share capital	8		1,100		1,100
Profit and Loss Account			26,155		29,141

SHAREHOLDERS' FUNDS			27,255		30,241

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The Vault Bar Limited

Balance Sheet (continued)

As At 28 February 2025

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 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mrs Debra East

Director

18th November 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Vault Bar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05045030 . The registered office is 14 & 15 Southernhay West, Exeter, EX1 1PL.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Fixtures & Fittings	18% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 March 2024	313,865	72,172	386,037

As at 28 February 2025	313,865	72,172	386,037

Depreciation
As at 1 March 2024	-	58,649	58,649
Provided during the period	-	2,434	2,434

As at 28 February 2025	-	61,083	61,083

...CONTINUED

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The Vault Bar Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

Net Book Value
As at 28 February 2025	313,865	11,089	324,954

As at 1 March 2024	313,865	13,523	327,388

5. Stocks

	2025	2024
	£	£
Materials	3,435	5,500

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	1,028
Bank loans and overdrafts	-	15,434
Other taxes and social security	35	-
VAT	6,064	4,238
Accruals and deferred income	125	-
Directors' loan accounts	209,864	196,196

	216,088	216,896

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	86,690	87,089

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,100	1,100

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