REGISTERED NUMBER: 04569083 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

VC INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Ellis

R D C De Puysegur

V D C De Puysegur

SECRETARY:

REGISTERED OFFICE:

4 Gransden Park

Potton Road

Abbotsley

St. Neots

Cambridgeshire

PE196TY

REGISTERED NUMBER:

04569083 (England and Wales)

ACCOUNTANTS:

William Evans & Partners

20 Harcourt Street

London

W1H 4HG

FIXED ASSETS

Tangible assets

4

80,959

103,037

Investment property

5

3,660,825

3,699,988

3,741,784

3,803,025

CURRENT ASSETS

Debtors

6

2,688,483

2,749,976

Cash at bank

590,079

668,535

3,278,562

3,418,511

CREDITORS

Amounts falling due within one year

7

(402,427

)

(481,178

)

NET CURRENT ASSETS

2,876,135

2,937,333

TOTAL ASSETS LESS CURRENT LIABILITIES

6,617,919

6,740,358

CREDITORS

Amounts falling due after more than one year

8

(1,284,690

)

(1,334,690

)

NET ASSETS

5,333,229

5,405,668

CAPITAL AND RESERVES

Called up share capital

4,777,779

4,777,779

Retained earnings

555,450

627,889

5,333,229

5,405,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

M Ellis - Director

1.	STATUTORY INFORMATION

VC Investments Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss. The financial statements have been prepared in US Dollars.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover represents rental income and is recognised as it falls due on an accrual basis over the rental period.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and any subsequent accumulated impairment losses. An increase in the carrying amount of an asset (not including assets relating to investment properties), as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset (not including assets relating to investment properties), as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful life of that asset as follows:

Fixtures and fittings - 20% reducing balance

Motor vehicles - 25% reducing balance

Other - 20% reducing balance

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dat.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

The operational currency is Japanese Yen. For the purpose of these accounts, the Japanese balance sheet and profit and loss account are converted into US Dollars. The Japanese balance sheet is converted into US Dollars at the exchange rate at the end of the balance sheet date. The profit and loss account is translated at the average rate for the year. Prior to the conversion detailed above, assets and liabilities in foreign currencies are translated into Japanese Yen at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Japanese Yen at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

$

COST

At 1 November 2024

493,891

Additions

1,933

At 31 October 2025

495,824

DEPRECIATION

At 1 November 2024

390,854

Charge for year

24,011

At 31 October 2025

414,865

NET BOOK VALUE

At 31 October 2025

80,959

At 31 October 2024

103,037

5.	INVESTMENT PROPERTY

Total

$

FAIR VALUE

At 1 November 2024

3,699,988

Exchange differences

(39,163

)

At 31 October 2025

3,660,825

NET BOOK VALUE

At 31 October 2025

3,660,825

At 31 October 2024

3,699,988

Investment property consists of a Japanese investment property. The land and building (held as freehold property) has been included at market value determined by the last valuation on the 31 October 2025. Any gain or loss arising from a change in fair value is recognised in the profit and loss. On a Historical basis, this property would have been included at an original cost of $3,450,114.

6.

DEBTORS

2025

2024

$

$

Amounts falling due within one year:

Trade debtors

12,935

44,513

Other debtors

111,362

113,846

124,297

158,359

Amounts falling due after more than one year:

Other debtors

2,564,186

2,591,617

Aggregate amounts

2,688,483

2,749,976

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

$

$

Trade creditors

39,829

72,123

Taxation and social security

5,623

11,685

Other creditors

356,975

397,370

402,427

481,178

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

$

$

Other creditors

1,284,690

1,334,690

9.	RELATED PARTY TRANSACTIONS

Included in other debtors after more than one year is an amount of $2,564,186 (2024 - $2,591,617) due from a Japanese company. The Japanese company is wholly owned by key management personal of VC Investments Ltd. Interest at the rate of 1% was charged on the loan amounting to $28,680 (2024 - $26,277).

The company has a loan outstanding of $1,284,690 (2024 - $1,334,690) with key management personal. The loan is interest free an no fixed date has been made for the repayment. This loan is disclosed in creditors amounts falling due after one year.