1 July 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP120304682023-07-012024-06-30120304682024-06-30120304682023-06-3012030468core:WithinOneYear2024-06-3012030468core:WithinOneYear2023-06-3012030468core:ShareCapital2024-06-3012030468core:ShareCapital2023-06-3012030468core:RetainedEarningsAccumulatedLosses2024-06-3012030468core:RetainedEarningsAccumulatedLosses2023-06-3012030468bus:Director12023-07-012024-06-3012030468bus:RegisteredOffice2023-07-012024-06-3012030468core:OfficeEquipment2023-07-012024-06-3012030468core:PlantMachinery2024-06-301203046812023-07-012024-06-30120304682022-07-012023-06-3012030468countries:EnglandWales2023-07-012024-06-3012030468bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3012030468bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012030468bus:SmallEntities2023-07-012024-06-3012030468bus:FullAccounts2023-07-012024-06-30
Company registration number:
12030468
Velinvest Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Velinvest Ltd
Statement of Financial Position
30 June 2024
20242023
Note££
Current assets    
Debtors 6 -  
30,000
 
Cash at bank and in hand
2,267
 
2,747
 
2,267
 
32,747
 
Creditors: amounts falling due within one year 7
(50,123
)
(50,059
)
Net current liabilities
(47,856
)
(17,312
)
Total assets less current liabilities (47,856 ) (17,312 )
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(47,857
)
(17,313
)
Shareholders deficit
(47,856
)
(17,312
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
23 October 2024
, and are signed on behalf of the board by:
H Velinor
Director
Company registration number:
12030468
Velinvest Ltd
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
35 Letchford Gardens
,
London
,
NW10 6AD
, England
These financial statements are presented in GBP, which is the Company’s functional currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The consolidated financial statements have been prepared on a going concern basis, which assumes that the entity will be able to discharge its liabilities.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
and
30 June 2024
6,006
 
Depreciation  
At
1 July 2023
and
30 June 2024
6,006
 
Carrying amount  
At
30 June 2024
-  
At 30 June 2023 -  

6 Debtors

20242023
££
Other debtors -  
30,000
 

7 Creditors: amounts falling due within one year

20242023
££
Other creditors
50,123
 
50,059
 

8 Director's advances, credit and guarantees

Balance b/fwd: (£49,579)
Plus private transactions: £34
Balance c/fwd (£49,613)