REGISTERED NUMBER: 13716369 (England and Wales)

VC TKY Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

M Abou Chakra

M S Al Hakim

A M Hariri

REGISTERED OFFICE:

13 Montpelier Avenue,

Bexley,

England

DA5 3AP

REGISTERED NUMBER:

13716369 (England and Wales)

Fixed assets

Investments

6

1,800,000

1,800,000

Current assets

Debtors: amounts falling due within one year

7

3,470

3,472

Debtors: amounts falling due after more than one year

7

7,597,488

6,711,982

Cash at bank

513

983

7,601,471

6,716,437

Creditors

Amounts falling due within one year

8

(7,530,532

)

(6,742,924

)

Net current assets/(liabilities)

70,939

(26,487

)

Total assets less current liabilities

1,870,939

1,773,513

Capital and reserves

Called up share capital

9

1,800,000

1,800,000

Profit and loss account

70,939

(26,487

)

Shareholders' funds

1,870,939

1,773,513

1,870,939

1,773,513

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

A M Hariri - Director

1.	GENERAL INFORMATION

VC TKY Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

BASIS OF PREPARATION

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is pound sterling.

The Company is a qualifying entity for the purpose of FRS 102 and has elected to take exemption from

disclosure of statement of cash flows.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Impairment of Investment

The Company have assessed whether there is any indication of impairment in the carrying value of the Company's investments. when assessing impairment of investment management consider factors including financial performance and future cash flow projections of the investment company.

(ii) Impairment of Trade and Intercompany Receivables

The company makes an estimate of the recoverable value of Trade and intercompany receivables. When assessing impairment of trade and Intercompany receivables, management considers factors including the current credit rating of the trade and intercompany debtor and historical experience.

(iii) Going concern

The directors consider the company to be a going concern, for the reasons as detailed in accounting policies to these financial statements.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods

GOING CONCERN

The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

Subsequent to the year end, 3KY Mayfair Limited completed and sold three residential apartments for total proceeds of £17.7 million, with further sales activity ongoing. Sale proceeds have been utilised to reduce development debt from £20 million to £10.4 million, with surplus funds distributed to shareholders, including VC TKY Limited. These developments support the Company's ability to continue as a going concern, with future income expected from interest and/or profit distributions in FY 2025-26.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Turnover is recognised when a contract to provide financial services have been entered and approved by both parties.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost less impairment.

FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and financial liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive Income.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.

SHARE CAPITAL

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

5,120

2,850

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

1,800,000

NET BOOK VALUE

At 31 March 2025

1,800,000

At 31 March 2024

1,800,000

The company had invested in 3KY Mayfair Limited , and at the time of approval of these accounts, the entity had sold 3 out of 8 Apartments (Apartment no. 3, 5 and 7. Address: 17-Three Kings Yard, London, W1K 4JT).

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

3,470

3,472

Amounts falling due after more than one year:

Amounts owed by group undertakings

7,597,488

6,711,982

Aggregate amounts

7,600,958

6,715,454

Amount owed by group undertakings mostly relate to 3KY Mayfair loan notes at 12% per annum rate of interest.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors- interest

1,828,575

1,152,900

Other loans

4,725,000

4,725,000

Amount owed to group undertakings

962,125

863,224

Corporation tax

11,782

-

Accruals and deferred income

3,050

1,800

7,530,532

6,742,924

Other creditors includes payments received in advance for shares issued post year end

Amount owed to group undertakings mostly relates to intercompany balance with parent company, Valpre Capital UK Limited

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

18,000

CALLED UP SHARE CAPITAL

£100

1,800,000

1,800,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Moganarden Chelvanaigum FCCA (Senior Statutory Auditor)

for and on behalf of SKS Westlake Clark Audit

11.	RELATED PARTY DISCLOSURES

3KY Mayfair Limited (Subsidiary)

During the year, interest income of £885,506 (2024: £648,002) was accrued on loan notes receivable from 3KY Mayfair Limited, a related party. The total balance of loan notes receivable from 3KY Mayfair Limited as at the reporting date amounts to £7,597,488 (2024: £6,711,985), which includes accrued interest of £2,197,488.

Valpre Capital UK Limited (Parent company)

During the year, interest income of £95,402 (2024: £87,075) was accrued on loan notes payable to Valpre capital UK Limited, a related party. The total balance of loan notes payable to Valpre Capital UK Limited as at the reporting date amounts to £962,125 (2024: £863,224), which includes accrued interest of £95,402.

12.	PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The company's immediate parent is Valpre Capital UK Limited and there is no ultimate controlling party.