31/03/2019
2019-03-31
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No description of principal activities is disclosed
2018-03-16
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
11259285
2018-03-16
2019-03-31
11259285
2019-03-31
11259285
core:Subsidiary1
2018-03-16
2019-03-31
11259285
bus:Director1
2018-03-16
2019-03-31
11259285
core:ShareCapital
2018-03-16
2019-03-31
11259285
core:RetainedEarningsAccumulatedLosses
2018-03-16
2019-03-31
11259285
core:ShareCapital
2019-03-31
11259285
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2019-03-31
11259285
core:CostValuation
core:Non-currentFinancialInstruments
2019-03-31
11259285
core:Non-currentFinancialInstruments
2019-03-31
11259285
bus:SmallEntities
2018-03-16
2019-03-31
11259285
bus:AuditExempt-NoAccountantsReport
2018-03-16
2019-03-31
11259285
bus:FullAccounts
2018-03-16
2019-03-31
11259285
bus:SmallCompaniesRegimeForAccounts
2018-03-16
2019-03-31
11259285
bus:PrivateLimitedCompanyLtd
2018-03-16
2019-03-31
11259285
core:AllAssociates
2018-03-16
2019-03-31
Company registration number:
11259285
VEC Holdings Limited
Unaudited filleted financial statements
31 March 2019
VEC Holdings Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
VEC Holdings Limited
Statement of financial position
31 March 2019
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31/03/19
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Note
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£
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£
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Fixed assets
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Investments
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4
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100
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_______
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100
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Total assets less current liabilities
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100
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_______
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Net assets
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100
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_______
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Capital and reserves
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Called up share capital
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100
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_______
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Shareholders funds
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100
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_______
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For the period ending 31 March 2019 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 period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 November 2019
, and are signed on behalf of the board by:
Mr Matthew Bradbury
Director
Company registration number:
11259285
VEC Holdings Limited
Statement of changes in equity
Period ended 31 March 2019
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 16 March 2018
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-
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-
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-
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Profit for the period
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2,000
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2,000
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_______
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_______
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_______
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Total comprehensive income for the period
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-
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2,000
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2,000
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Issue of shares
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100
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100
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Dividends paid and payable
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(
2,000)
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(
2,000)
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_______
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_______
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_______
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Total investments by and distributions to owners
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100
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(
2,000)
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(
1,900)
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_______
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_______
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_______
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At 31 March 2019
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100
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-
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100
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_______
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_______
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_______
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VEC Holdings Limited
Notes to the financial statements
Period ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deansfield House, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
4.
Investments
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Shares in group undertakings and participating interests
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Total
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£
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£
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Cost
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At 16 March 2018
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-
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-
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Additions
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100
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100
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_______
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_______
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At 31 March 2019
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100
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100
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_______
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_______
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Impairment
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At 16 March 2018 and 31 March 2019
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-
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_______
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_______
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Carrying amount
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At 31 March 2019
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100
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100
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_______
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_______
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Investments in group undertakings
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Registered office
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Class of share
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Percentage of shares held
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Subsidiary undertakings
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Visionary Energy Connections Limited
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Deansfield House, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS
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Ordinary
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100
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The results and capital and reserves for the period of the trading companies are as follows:
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Capital and
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Profit/(loss)
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reserves
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for the
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period
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31/03/19
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31/03/19
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£
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£
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Subsidiary undertakings
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Visionary Energy Connections Limited
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826
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726
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5.
Related party transactions
The following company is considered to be related party by virtue of it being 100% subsidiary undertaking of the company:Visionary Energy Connections LimitedAt the balance sheet date the company owed £NIL to Visionary Energy Connections Limited.During the year the company received net dividends in the sum of £2,000 from Visionary Energy Connections Limited.
Mr Matthew Bradbury
is a related party by virtue of his directorship and shareholding in the company.During the year Mr Matthew Bradbury
received equity dividends in the sum of £2,000 from the company.