VJK FUTURE LIMITED


Directors	MILLER, John Joseph
	MILLER, Jonathan Robert


Registered Address	1 Gemini Court
	42a Throwley Way
	Sutton
	SM1 4AF


Registered Number	10675567 (England and Wales)

Statement of Financial Position
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		80		107
Investment property	4		1,325,000		1,325,000
			1,325,080		1,325,107
Current assets
Debtors	5	63,402		1,250
Cash at bank and on hand		4,416		1,646
		67,818		2,896
Creditors amounts falling due within one year	6	(267,617)		(706,478)
Net current assets (liabilities)			(199,799)		(703,582)
Total assets less current liabilities			1,125,281		621,525
Creditors amounts falling due after one year	7		(833,377)		(344,632)
Provisions for liabilities	8		(55,245)		(20,145)
Net assets			236,659		256,748
Capital and reserves
Called up share capital			102		102
Revaluation reserve			165,691		85,796
Profit and loss account			70,866		170,850
Shareholders' funds			236,659		256,748

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 November 2026, and are signed on its behalf by:

MILLER, John Joseph
Director
Registered Company No. 10675567

VJK FUTURE LIMITED

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current creditors.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 May 25	600	600
At 30 April 26	600	600
Depreciation and impairment
At 01 May 25	493	493
Charge for year	27	27
At 30 April 26	520	520
Net book value
At 30 April 26	80	80
At 30 April 25	107	107

4.	Investment property
	The fair value of the investment property has been arrived at on the basis of a valuation made by the directors on an open market value basis by reference to market evidence of transactions prices for similar properties.


		£
	Fair value at 01 May 25	1,325,000
	At 30 April 26	1,325,000

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	60,250	1,250
Other debtors	3,152	-
Total	63,402	1,250

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	414
Bank borrowings and overdrafts	54,235	586,187
Taxation and social security	6,092	3,544
Other creditors	195,284	104,420
Accrued liabilities and deferred income	12,006	11,913
Total	267,617	706,478

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	520,498	31,754
Other creditors	312,879	312,878
Total	833,377	344,632

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	55,245	20,145
Total	55,245	20,145

9.	Other commitments
	National Westminster Bank PLC hold charges over the assets of the company.

10.	Related party transactions
	At the balance sheet date, included in non-current other creditors is an amount of £312,878 (2025: £312,878) due to Linnetts Proofing Ltd, a 100% owned subsidiary. At the balance sheet date, included in other creditors is an amount of £173,014 (2025: £103,104) due to Dagwood Linnetts Ltd, a company under common control