Registration number: 10399319

Vasa Interiors Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Vasa Interiors Limited

Company Information

Directors

Mr M Samyani Mrs I Zanchet

Registered office

223 Lower Mortlake Road Richmond Middlesex TW9 2LN

Accountants

Grays Accountants Ltd

Vasa Interiors Limited

(Registration number: 10399319)
Balance Sheet as at 31 March 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	1,800	-
Investment property	5	249,139	249,139
		250,939	249,139
Current assets
Debtors	6	980,106	1,375
Cash at bank and in hand		197,486	385,587
		1,177,592	386,962
Creditors: Amounts falling due within one year	7	(820,400)	(157,026)
Net current assets		357,192	229,936
Total assets less current liabilities		608,131	479,075
Creditors: Amounts falling due after more than one year	7	(3,332)	(18,332)
Net assets		604,799	460,743
Capital and reserves
Called up share capital		100	100
Retained earnings		604,699	460,643
Shareholders' funds		604,799	460,743

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

Vasa Interiors Limited

(Registration number: 10399319)
Balance Sheet as at 31 March 2025

......................................... Mr M Samyani Director

......................................... Mrs I Zanchet Director

Vasa Interiors Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
223 Lower Mortlake Road
Richmond
Middlesex
TW9 2LN
England

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Vasa Interiors Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Plant and machinery	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Vasa Interiors Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

Vasa Interiors Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 October 2023	98,226	7,025	105,251
Additions	-	2,714	2,714
At 31 March 2025	98,226	9,739	107,965
Depreciation
At 1 October 2023	98,226	7,025	105,251
Charge for the period	-	914	914
At 31 March 2025	98,226	7,939	106,165
Carrying amount
At 31 March 2025	-	1,800	1,800

5	Investment properties

	2025 £
At 1 October	249,139
At 31 March	249,139

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	Note	2025 £	2023 £
Amounts owed by related parties		932,013	-
Prepayments		48,093	1,375
		980,106	1,375

Vasa Interiors Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2023 £
Due within one year
Loans and borrowings	8	10,000	10,000
Taxation and social security		138,488	90,193
Other creditors		671,912	56,833
		820,400	157,026

Creditors: amounts falling due after more than one year

	Note	2025 £	2023 £
Due after one year
Loans and borrowings	8	3,332	18,332

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2023 £
Bank borrowings	3,332	18,332

Current loans and borrowings

	2025 £	2023 £
Bank borrowings	10,000	10,000

9	Ultimate controlling party

The ultimate controlling party is the directors.