Company Registration No. 07192106 (England and Wales)
Vesper Investments Limited
Unaudited accounts
for the year ended 31 March 2018
Vesper Investments Limited
Unaudited accounts
Contents
Vesper Investments Limited
Company Information
for the year ended 31 March 2018
Directors
S Basu
AM Rosenthal
Company Number
07192106 (England and Wales)
Registered Office
20 MARGARET STREET
LONDON
UK
W1W 8RS
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Vesper Investments Limited
Statement of financial position
as at 31 March 2018
Tangible assets
11,144
18,769
Cash at bank and in hand
78,631
25,615
Creditors: amounts falling due within one year
(27,430)
(10,989)
Net current assets
96,418
60,515
Total assets less current liabilities
107,562
79,284
Provisions for liabilities
Called up share capital
101
101
Profit and loss account
106,507
77,017
Shareholders' funds
106,608
77,118
For the year ending 31 March 2018 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 November 2018.
AM Rosenthal
Director
Company Registration No. 07192106
Vesper Investments Limited
Notes to the Accounts
for the year ended 31 March 2018
Vesper Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07192106. The registered office is 20 MARGARET STREET, LONDON, UK, W1W 8RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the life of the lease
Plant & machinery
33% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Vesper Investments Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2017
30,213
54,281
84,494
At 31 March 2018
30,213
54,281
84,494
At 1 April 2017
22,280
43,445
65,725
Charge for the year
3,173
4,452
7,625
At 31 March 2018
25,453
47,897
73,350
At 31 March 2018
4,760
6,384
11,144
At 31 March 2017
7,933
10,836
18,769
Other debtors
45,217
45,889
Amounts due after more than one year
22,419
22,419
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
16,295
5,415
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
8
Operating lease commitments
2018
2017
At 31 March 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
47,720
45,446
Vesper Investments Limited
Notes to the Accounts
for the year ended 31 March 2018
9
Transactions with related parties
Tech.Box Management Limited
A company in which Mr S Basu is a director. Tech.Box provided consultancy fees to the company to the value of £75,000 (2017: £54,166) during the year.
10
Average number of employees
During the year the average number of employees was 2 (2017: 2).
