Silverfin false false 31/01/2024 01/02/2023 31/01/2024 K Mellor 11/12/2015 31 October 2024 The principal activity of the Company during the financial year was a non-trading holding company. 09913665 2024-01-31 09913665 bus:Director1 2024-01-31 09913665 2023-01-31 09913665 core:CurrentFinancialInstruments 2024-01-31 09913665 core:CurrentFinancialInstruments 2023-01-31 09913665 core:Non-currentFinancialInstruments 2024-01-31 09913665 core:Non-currentFinancialInstruments 2023-01-31 09913665 core:ShareCapital 2024-01-31 09913665 core:ShareCapital 2023-01-31 09913665 core:CapitalRedemptionReserve 2024-01-31 09913665 core:CapitalRedemptionReserve 2023-01-31 09913665 core:RetainedEarningsAccumulatedLosses 2024-01-31 09913665 core:RetainedEarningsAccumulatedLosses 2023-01-31 09913665 core:LandBuildings 2023-01-31 09913665 core:LandBuildings 2024-01-31 09913665 core:CostValuation 2023-01-31 09913665 core:CostValuation 2024-01-31 09913665 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-01-31 09913665 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-01-31 09913665 core:CurrentFinancialInstruments core:Secured 2024-01-31 09913665 2023-02-01 2024-01-31 09913665 bus:FilletedAccounts 2023-02-01 2024-01-31 09913665 bus:SmallEntities 2023-02-01 2024-01-31 09913665 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09913665 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09913665 bus:Director1 2023-02-01 2024-01-31 09913665 2022-02-01 2023-01-31 09913665 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 09913665 (England and Wales)

VEP INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

VEP INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

VEP INVESTMENTS LIMITED

BALANCE SHEET

As at 31 January 2024
VEP INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 13,290 13,290
Investments 4 373,611 373,611
386,901 386,901
Current assets
Debtors 5 24,100 24,100
Cash at bank and in hand 13 266
24,113 24,366
Creditors: amounts falling due within one year 6 ( 331,251) ( 319,851)
Net current liabilities (307,138) (295,485)
Total assets less current liabilities 79,763 91,416
Creditors: amounts falling due after more than one year 7 ( 13,333) ( 23,333)
Net assets 66,430 68,083
Capital and reserves
Called-up share capital 100 100
Capital redemption reserve 20 20
Profit and loss account 66,310 67,963
Total shareholder's funds 66,430 68,083

For the financial year ending 31 January 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 financial statements of VEP Investments Limited (registered number: 09913665) were approved and authorised for issue by the Director on 31 October 2024. They were signed on its behalf by:

K Mellor
Director
VEP INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
VEP INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

VEP Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Airfield Road, Christchurch, BH23 3TG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Despite the balance sheet showing an excess of net current liabilities, the accounts have been prepared on a going concern basis due to the ongoing financial support of the director.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 February 2023 13,290 13,290
At 31 January 2024 13,290 13,290
Accumulated depreciation
At 01 February 2023 0 0
At 31 January 2024 0 0
Net book value
At 31 January 2024 13,290 13,290
At 31 January 2023 13,290 13,290

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 373,611
At 31 January 2024 373,611
Carrying value at 31 January 2024 373,611
Carrying value at 31 January 2023 373,611

5. Debtors

2024 2023
£ £
Amounts owed by related parties 24,000 24,000
Other debtors 100 100
24,100 24,100

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 10,000 10,000
Amounts owed to Group undertakings 321,251 309,851
331,251 319,851

There is a fixed and floating charge over the assets of the company in favour of a company under common control.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 13,333 23,333