Vienvil Investments Limited - Accounts to registrar (filleted) - small 18.2

Vienvil Investments Limited - Accounts to registrar (filleted) - small 18.2

VIENVIL INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 00586952 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

VIENVIL INVESTMENTS LIMITED
VIENVIL INVESTMENTS LIMITED (REGISTERED NUMBER: 00586952)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIENVIL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: J I Steinberg
T L Steinberg





SECRETARY: T L Steinberg





REGISTERED OFFICE: 50 Seymour Street
London
W1H 5JG





REGISTERED NUMBER: 00586952 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG
Page 1
VIENVIL INVESTMENTS LIMITED (REGISTERED NUMBER: 00586952)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 211,021 433,529
211,021 433,529

CURRENT ASSETS
Debtors 6 1,169 3,121
Investments 7 256,008 -
Cash at bank 327,323 484,277
584,500 487,398
CREDITORS
Amounts falling due within one year 8 75,478 146,010
NET CURRENT ASSETS 509,022 341,388
TOTAL ASSETS LESS CURRENT
LIABILITIES
720,043
774,917

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 719,043 773,917
SHAREHOLDERS' FUNDS 720,043 774,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 30 November 2020 and were signed on its
behalf by:





J I Steinberg - Director


The notes form part of these financial statements

Page 2
VIENVIL INVESTMENTS LIMITED (REGISTERED NUMBER: 00586952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


1. STATUTORY INFORMATION

Vienvil Investments Limited 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
VIENVIL INVESTMENTS LIMITED (REGISTERED NUMBER: 00586952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2019
and 31 March 2020 176 2,043 2,219
DEPRECIATION
At 1 April 2019
and 31 March 2020 176 2,043 2,219
NET BOOK VALUE
At 31 March 2020 - - -
At 31 March 2019 - - -

5. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 April 2019
and 31 March 2020 211,021

The above represents loan capital invested.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 1,169 3,121

7. CURRENT ASSET INVESTMENTS
2020 2019
£    £   
Other 256,008 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 38,660 37,459
Tax - 90,705
Social security and other taxes 919 206
Other creditors 2,152 3,588
Directors' current accounts 31,275 10,440
Accrued expenses 2,472 3,612
75,478 146,010

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

Page 4 continued...
VIENVIL INVESTMENTS LIMITED (REGISTERED NUMBER: 00586952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


10. SUBSEQUENT EVENTS

Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many
countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to
contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have
triggered significant disruptions to businesses worldwide, resulting in an economic slowdown.

Governments and central banks have responded with monetary and fiscal interventions to stabilise economic conditions. The
duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains
unclear of at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their
impact on the economy as a whole and on the financial position and results of the Company for future periods.

The directors have considered the potential impact of COVID 19 on the business and have determined it to be a non-adjusting
subsequent event.

11. CONTROLLING PARTY

The directors control the company by virtue of their shareholding in the company.

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