0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 518,488 518,488 518,488 xbrli:pure xbrli:shares iso4217:GBP 11724517 2024-01-01 2024-12-31 11724517 2024-12-31 11724517 2023-12-31 11724517 2023-01-01 2023-12-31 11724517 2023-12-31 11724517 2022-12-31 11724517 bus:Director1 2024-01-01 2024-12-31 11724517 core:ShareCapital 2024-12-31 11724517 core:ShareCapital 2023-12-31 11724517 core:RetainedEarningsAccumulatedLosses 2024-12-31 11724517 core:RetainedEarningsAccumulatedLosses 2023-12-31 11724517 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 11724517 core:Non-currentFinancialInstruments 2024-12-31 11724517 core:Non-currentFinancialInstruments 2023-12-31 11724517 bus:SmallEntities 2024-01-01 2024-12-31 11724517 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11724517 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11724517 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11724517 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 11724517
V-Universal Limited
Filleted Unaudited Financial Statements
31 December 2024
V-Universal Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
518,488
518,488
---------
---------
Total assets less current liabilities
518,488
518,488
---------
---------
Capital and reserves
Called up share capital
125
125
Profit and loss account
518,363
518,363
---------
---------
Shareholders funds
518,488
518,488
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
Mr S Rinaldo
Director
Company registration number: 11724517
V-Universal Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Railton Road, Woburn Road Ind Est, Kempston, Beds, MK42 7PW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
518,488
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
518,488
---------
At 31 December 2023
518,488
---------
5. Controlling party
The company was controlled throughout the year by Mr S Rinaldo , the director, by virtue of his 100% shareholding.