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REGISTERED NUMBER: 04063008 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

V-REAL LIMITED

V-REAL LIMITED (REGISTERED NUMBER: 04063008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V-REAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 August 2024







DIRECTORS: H Mouskis
A Gharehbaghi





SECRETARY: H Mouskis





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 04063008 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

V-REAL LIMITED (REGISTERED NUMBER: 04063008)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 420,992 452,328

CURRENT ASSETS
Debtors 5 1,754,311 842,643
Cash at bank 465,305 939,336
2,219,616 1,781,979
CREDITORS
Amounts falling due within one year 6 956,490 790,613
NET CURRENT ASSETS 1,263,126 991,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,684,118

1,443,694

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,684,018 1,443,594
SHAREHOLDERS' FUNDS 1,684,118 1,443,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

V-REAL LIMITED (REGISTERED NUMBER: 04063008)

BALANCE SHEET - continued
31 August 2024


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 13 January 2025 and were signed on its behalf by:




H Mouskis - Director



A Gharehbaghi - Director


V-REAL LIMITED (REGISTERED NUMBER: 04063008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024

1. STATUTORY INFORMATION

V-REAL 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.
Improvements to property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 22 ) .

V-REAL LIMITED (REGISTERED NUMBER: 04063008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 141,663 371,176 16,300 827,764 1,356,903
Additions - 10,181 - 64,137 74,318
Disposals - - (16,300 ) - (16,300 )
At 31 August 2024 141,663 381,357 - 891,901 1,414,921
DEPRECIATION
At 1 September 2023 14,696 272,419 12,432 605,028 904,575
Charge for year 2,833 27,235 - 71,718 101,786
Eliminated on disposal - - (12,432 ) - (12,432 )
At 31 August 2024 17,529 299,654 - 676,746 993,929
NET BOOK VALUE
At 31 August 2024 124,134 81,703 - 215,155 420,992
At 31 August 2023 126,967 98,757 3,868 222,736 452,328

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,433,633 738,245
Other debtors 320,678 104,398
1,754,311 842,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 78,050 57,671
Taxation and social security 728,019 561,813
Other creditors 150,421 171,129
956,490 790,613