Company Registration No. 03779997 (England and Wales)
Cellar V Limited
Unaudited accounts
for the year ended 31 May 2024
Cellar V Limited
Unaudited accounts
Contents
Cellar V Limited
Company Information
for the year ended 31 May 2024
Company Number
03779997 (England and Wales)
Registered Office
60 Kirk Lane
Yeadon
Leeds
LS19 7ET
Accountants
Rockett-Taylor Consulting Limited
Cellar V Limited
Statement of financial position
as at 31 May 2024
Tangible assets
2,195
2,582
Investment property
250,744
250,744
Cash at bank and in hand
136
90
Creditors: amounts falling due within one year
(109,971)
(106,192)
Net current liabilities
(109,835)
(106,102)
Total assets less current liabilities
143,104
147,224
Creditors: amounts falling due after more than one year
(144,831)
(158,189)
Net liabilities
(1,727)
(10,965)
Called up share capital
5
5
Profit and loss account
(1,732)
(10,970)
Shareholders' funds
(1,727)
(10,965)
For the year ending 31 May 2024 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Nicola Emsley
Director
Company Registration No. 03779997
Cellar V Limited
Notes to the Accounts
for the year ended 31 May 2024
Cellar V Limited is a private company, limited by shares, registered in England and Wales, registration number 03779997. The registered office is 60 Kirk Lane, Yeadon, Leeds, LS19 7ET.
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.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2023
250,744
Cellar V Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,415
8,309
Loans from directors
101,256
97,583
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
125,701
130,386
Aggregate of amounts that fall due for payment after five years
-
130,386
8
Transactions with related parties
The company has loans amounting to £125,701 from related parties. The loan repayment has been extended to 31 May 2028 and the rate of interest remains at 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due after more than one year.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).