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COMPANY REGISTRATION NUMBER: 10257644

Vidarr Financial Limited

Filleted Unaudited Financial Statements

30 June 2024

Vidarr Financial Limited

Statement of Financial Position

30 June 2024

| 2024 | 2023
Note | £ | £

Current assets

Debtors | 5 | 1,736,777 | 352,482
Cash at bank and in hand | 200,683 | 1,592,257
| ------------ | ------------
| 1,937,460 | 1,944,739

Creditors: amounts falling due within one year | 6 | ( 101,650) | ( 49,636)
| ------------ | ------------
Net current assets | 1,835,810 | 1,895,103
| ------------ | ------------
Total assets less current liabilities | 1,835,810 | 1,895,103

Creditors: amounts falling due after more than one year | 7 | ( 1,569,366) | ( 1,569,366)
| ------------ | ------------
Net assets | 266,444 | 325,737
| ------------ | ------------

Capital and reserves

Called up share capital | 200 | 200
Share premium account | 184,081 | 184,081
Profit and loss account | 82,163 | 141,456
| --------- | ---------
Shareholders funds | 266,444 | 325,737
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Vidarr Financial Limited

Statement of Financial Position (continued)

30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 10 February 2026 , and are signed on behalf of the board by:

J Schneider
Director

Company registration number: 10257644

Vidarr Financial Limited

Notes to the Financial Statements

Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ. The principal place of business is 71-91 Aldwych, London, WC2B 4HN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employees
There were no employees during the year (2023: none).
4. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As the company is technology based and the growing uncertainty and irregularity of the financial markets that the company trades in, and the increased demand from partner clients, the directors have assessed the future of the business in the current scenario and have concluded that the business remains a going concern. The company has net current assets at the year-end of £1,835,810 (2023: £1,895,103). In addition, the company has the continued support of its parent entity who has agreed to support the company for at least 12 months from the date of approval of these financial statements. As such, the directors deem the company to be a going concern. As the company is technology based and the growing uncertainty and irregularity of the financial markets that the company trades in, and the increased demand from our partner clients, the directors have assessed the future of the business in the current scenario and have agreed that the business remains a going concern.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
5. Debtors

| 2024 | 2023
| £ | £
Amounts owed by group undertakings | 1,648,466 | 348,851
Other debtors | 88,311 | 3,631
| ------------ | ---------
| 1,736,777 | 352,482
| ------------ | ---------

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 94,900 | 46,011
Accruals and deferred income | 6,750 | 3,625
| --------- | --------
| 101,650 | 49,636
| --------- | --------

7. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Other creditors | 1,569,366 | 1,569,366
| ------------ | ------------

8. Related party transactions
The company has taken advantage of the exemption under FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
9. Controlling party
In the opinion of the directors the ultimate controlling party is Gardenia Capital Ltd , a company incorporated in England and Wales, which was under the control of the directors J Schneider and R Schneider throughout the year.