2023-10-012024-09-302024-09-30falseSC708616THE VIRTUAL REALITY HIVE 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THE VIRTUAL REALITY HIVE LTD

Registered Number
SC708616
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2024

THE VIRTUAL REALITY HIVE LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

Anne Widdop

Registered Address

Grahams Manse
Mid Road
Arisaig
PH39 4NJ

Registered Number

SC708616 (Scotland)
THE VIRTUAL REALITY HIVE LTD
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors(3,130)17,091
Cash at bank and on hand-6,075
(3,130)23,166
Creditors amounts falling due within one year3(2)(120,726)
Net current assets (liabilities)(3,132)(97,560)
Total assets less current liabilities(3,132)(97,560)
Net assets(3,132)(97,560)
Capital and reserves
Called up share capital100100
Profit and loss account(3,232)(97,660)
Shareholders' funds(3,132)(97,560)
The financial statements were approved and authorised for issue by the Director on 14 October 2024, and are signed on its behalf by:
Anne Widdop
Director
Registered Company No. SC708616
THE VIRTUAL REALITY HIVE LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The directors have historically supported the business through a number of non-interest bearing loans, however, due to uncertainty in trading conditions, the directors have taken the decision to close the company as at 30 September. The accounts are therefore prepared on a break-up basis.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
2.Average number of employees

20242023
Average number of employees during the year010
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-33,464
Bank borrowings and overdrafts287,130
Taxation and social security-132
Total2120,726