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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
Page
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Cellar V Limited Company Information for the year ended 31 May 2024
Director
Nicola Emsley
Company Number
03779997 (England and Wales)
Registered Office
60 Kirk Lane Yeadon Leeds LS19 7ET
Accountants
Rockett-Taylor Consulting Limited
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Cellar V Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,195 
2,582 
Investment property
250,744 
250,744 
252,939 
253,326 
Current assets
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)
Capital and reserves
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
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Cellar V Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings
15%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
35,688 
At 31 May 2024
35,688 
Depreciation
At 1 June 2023
33,106 
Charge for the year
387 
At 31 May 2024
33,493 
Net book value
At 31 May 2024
2,195 
At 31 May 2023
2,582 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
250,744 
At 31 May 2024
250,744 
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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 
Accruals
300 
300 
109,971 
106,192 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,130 
27,803 
Other creditors
125,701 
130,386 
144,831 
158,189 
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).
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