Silverfin false false 31/07/2025 01/08/2024 31/07/2025 J Braithwaite 05/06/2001 07 January 2026 The principal activity of the Company during the financial year is that of being a Marina operator and landlord of Marina pontoons, West Quay Road, Poole, together with Marine related consultancy. 04203610 2025-07-31 04203610 bus:Director1 2025-07-31 04203610 2024-07-31 04203610 core:CurrentFinancialInstruments 2025-07-31 04203610 core:CurrentFinancialInstruments 2024-07-31 04203610 core:ShareCapital 2025-07-31 04203610 core:ShareCapital 2024-07-31 04203610 core:RevaluationReserve 2025-07-31 04203610 core:RevaluationReserve 2024-07-31 04203610 core:CapitalRedemptionReserve 2025-07-31 04203610 core:CapitalRedemptionReserve 2024-07-31 04203610 core:RetainedEarningsAccumulatedLosses 2025-07-31 04203610 core:RetainedEarningsAccumulatedLosses 2024-07-31 04203610 core:PlantMachinery 2024-07-31 04203610 core:Vehicles 2024-07-31 04203610 core:PlantMachinery 2025-07-31 04203610 core:Vehicles 2025-07-31 04203610 bus:OrdinaryShareClass1 2025-07-31 04203610 2024-08-01 2025-07-31 04203610 bus:FilletedAccounts 2024-08-01 2025-07-31 04203610 bus:SmallEntities 2024-08-01 2025-07-31 04203610 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 04203610 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04203610 bus:Director1 2024-08-01 2025-07-31 04203610 core:PlantMachinery 2024-08-01 2025-07-31 04203610 core:Vehicles 2024-08-01 2025-07-31 04203610 2023-08-01 2024-07-31 04203610 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 04203610 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04203610 (England and Wales)

# V.T.K. LTD.

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

V.T.K. LTD.

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

V.T.K. LTD.

## BALANCE SHEET

As at 31 July 2025
V.T.K. LTD.

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 154,058 |  | 172,651
|  | 154,058 |  | 172,651
Current assets |  |  |  |
Debtors | 4 | 8,856 |  | 15,202
Cash at bank and in hand |  | 592,184 |  | 446,097
|  | 601,040 |  | 461,299
Creditors: amounts falling due within one year | 5 | ( 91,501) |  | ( 90,301)
Net current assets |  | 509,539 |  | 370,998
Total assets less current liabilities |  | 663,597 |  | 543,649
Net assets |  | 663,597 |  | 543,649
Capital and reserves |  |  |  |
Called-up share capital | 6 | 1 |  | 1
Revaluation reserve |  | 65,890 |  | 73,211
Capital redemption reserve |  | 1 |  | 1
Profit and loss account |  | 597,705 |  | 470,436
Total shareholder's funds |  | 663,597 |  | 543,649

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of V.T.K. Ltd. (registered number: 04203610) were approved and authorised for issue by the Director on 07 January 2026. They were signed on its behalf by:

J Braithwaite Director |

V.T.K. LTD.

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
V.T.K. LTD.

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

V.T.K. Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 77 Mudeford, Christchurch, BH23 3NJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery | 10 % reducing balance
Vehicles | 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 August 2024 | 378,111 |  | 35,723 |  | 413,834
At 31 July 2025 | 378,111 |  | 35,723 |  | 413,834
Accumulated depreciation |  |  |  |  |
At 01 August 2024 | 232,029 |  | 9,154 |  | 241,183
Charge for the financial year | 14,608 |  | 3,985 |  | 18,593
At 31 July 2025 | 246,637 |  | 13,139 |  | 259,776
Net book value |  |  |  |  |
At 31 July 2025 | 131,474 |  | 22,584 |  | 154,058
At 31 July 2024 | 146,082 |  | 26,569 |  | 172,651

Revaluation of tangible assets

The fair value of the company's Plant and equipment was revalued on 22 March 2018 by an independent valuer. The name and qualification of the independent valuer are G Aiken MRCIS.

| 2025 |  | 2024
| £ |  | £
Historical cost | 171,931 |  | 171,931
Accumulated depreciation | (111,983) |  | (105,322)
Carrying value | 59,948 |  | 66,609

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 8,856 |  | 15,202

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 240
Taxation and social security | 56,642 |  | 55,204
Other creditors | 34,859 |  | 34,857
| 91,501 |  | 90,301

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1