Vixbona Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 December 2018
Company Registration No. 08622313 (England and Wales)
Vixbona Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Vixbona Limited
Balance Sheet
As at 31 December 2018
Page 1
2018
2017
Notes
£
£
£
£
Fixed assets
Investments
2
119
119
Current assets
Debtors
3
99,984
99,984
Cash at bank and in hand
199
289
100,183
100,273
Creditors: amounts falling due within one year
4
(5)
-
Net current assets
100,178
100,273
Total assets less current liabilities
100,297
100,392
Capital and reserves
Called up share capital
5
55,556
55,556
Share premium account
244,420
244,420
Profit and loss reserves
(199,679)
(199,584)
Total equity
100,297
100,392
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 25 September 2019 and are signed on its behalf by:
A Jones
Director
Company Registration No. 08622313
Vixbona Limited
Notes to the Financial Statements
For the year ended 31 December 2018
Page 2
1
Accounting policies
Company information
Vixbona Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Devonshire House, 60 Goswell Road, London, EC1M 7AD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the
Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group
.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.3
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
Basic financial instruments are measured at cos
t
. The company has no other financial instruments or
basic financial instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Vixbona Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2018
Page 3
2
Fixed asset investments
2018
2017
£
£
Investments
119
119
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2018 & 31 December 2018
119
Carrying amount
At 31 December 2018
119
At 31 December 2017
119
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
99,984
99,984
4
Creditors: amounts falling due within one year
2018
2017
£
£
Other creditors
5
-
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
55,556 Ordinary shares of £1 each
55,556
55,556
55,556
55,556
Vixbona Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2018
Page 4
6
Related party transactions
The company has taken advantage of the exemption available in accordance with FRS102 'Related
party disclosures' not to disclose transactions with
subsidiaries.