Vemi Ventures Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12777833

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	2,983,506		1,871,199
Cash at bank and in hand		112,840		22,782

		3,096,346		1,893,981
Creditors: Amounts Falling Due Within One Year	5	(11,105,638 )		(3,888,120 )

NET CURRENT ASSETS (LIABILITIES)			(8,009,292 )		(1,994,139 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,009,292 )		(1,994,139 )

Creditors: Amounts Falling Due After More Than One Year	6		(8,772,620 )		(3,459,545 )

NET LIABILITIES			(16,781,912 )		(5,453,684 )

CAPITAL AND RESERVES
Called up share capital	7		22,497		22,497
Share premium account			13,874,095		13,874,095
Profit and Loss Account			(30,678,504 )		(19,350,276 )

SHAREHOLDERS' FUNDS			(16,781,912)		(5,453,684)

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Vemi Ventures Limited

Balance Sheet (continued)

As At 31 July 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Mary-Anne Jane Moffatt

Director

31/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Vemi Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12777833 . The registered office is 55-56 Russell Square, London, WC1B 4HP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have prepared the financial statements on a going concern basis but the company’s ability to continue as a going concern is dependent on the company securing additional funding. The company is very advanced with a fundraising process which would provide that additional funding. The directors have a reasonable expectation that the fundraising will be successfully completed and therefore the directors believe the going concern basis remains appropriate. Nevertheless, the fundraising is not yet complete and there can be no certainty that the required funding will be secured within the expected timeframe and there exists material uncertainty that casts significant doubt on the company’s ability to continue as a going concern.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% RBM
Computer Equipment	33% SLM

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2024: 30)

4. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	2,703,592	1,540,857
Other debtors	279,914	330,342

	2,983,506	1,871,199

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,165,159	1,840,882
Other loans	2,570,000	-
Other creditors	3,770,019	763,239
Taxation and social security	600,460	1,283,999

	11,105,638	3,888,120

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Vemi Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	8,772,620	3,459,545

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	22,497	22,497

8. Related Party Transactions

During the year ending 31 July 2025, the company entered into a consultancy agreement with JNA Holdings Limited, a company wholly owned by Mr Akram Nahhas, who is also a director and shareholder of the company.

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