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REGISTERED NUMBER: 12986499 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

V7 CAP2 (BRISTOL) LIMITED

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V7 CAP2 (BRISTOL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Z P Veasey
Mr C J Hunt
Mr W J Killick
Mr M T Leach





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 12986499 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investment property 4 5,500,000 5,454,164

CURRENT ASSETS
Debtors 5 19,946 42,398
Cash at bank 364,515 279,488
384,461 321,886
CREDITORS
Amounts falling due within one year 6 (4,423,640 ) (4,326,689 )
NET CURRENT LIABILITIES (4,039,179 ) (4,004,803 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,460,821 1,449,361

CREDITORS
Amounts falling due after more than one
year

7

(1,135,000

)

(1,135,000

)
NET ASSETS 325,821 314,361

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 1,443,642 1,416,550
Retained earnings (1,117,921 ) (1,102,289 )
SHAREHOLDERS' FUNDS 325,821 314,361

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

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

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

BALANCE SHEET - continued
31 DECEMBER 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 30 May 2025 and were signed on its behalf by:





Mr Z P Veasey - Director


V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

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


1. STATUTORY INFORMATION

V7 Cap2 (Bristol) 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 as modified by the revaluation of certain assets.

The directors report net current liabilities of £4,039,179 (2023: £4,004,803) but they believe the company will be able to trade profitably for the foreseeable future and the group will continue to support the company.

Due to the above the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 5,454,164
Additions 18,744
Fair value adjustment 27,092
At 31 December 2024 5,500,000
NET BOOK VALUE
At 31 December 2024 5,500,000
At 31 December 2023 5,454,164

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 1,443,642
Cost 4,056,358
5,500,000

Investment property was valued on an open market basis by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 14,357 36,149
Other debtors 5,589 6,249
19,946 42,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8) 2,712,500 2,712,500
Trade creditors 10,573 8,322
Amounts owed to group undertakings 1,172,938 1,173,193
Amounts owed to related parties 1,454 845
Taxation and social security 10,501 12,216
Other creditors 515,674 419,613
4,423,640 4,326,689

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 1,021,500 1,021,500
Amounts owed to related parties 113,500 113,500
1,135,000 1,135,000

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,712,500 2,712,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loan 2,712,500 2,712,500

Bank indebtedness is secured by a fixed and floating charge over the company's investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

V7 Cap1 LLP

The parent company.


At the balance sheet date the company owed V7 Cap1 LLP £1,172,938 (2023: £1,172,938). Interest has not been charged on this loan.

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date 1,172,938 1,172,938

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

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


11. RELATED PARTY DISCLOSURES - continued

KH Properties 106 Limited

The ultimate controlling party.


At the balance sheet date the company owed KH V Lending 106 Limited £1,021,500 (2023: £1,021,500). During the year KH V Lending 106 Limited charged the company interest of £112,673 (2023: £112,365).

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date 1,021,500 1,021,500

V7 Investments Limited

A company which holds a minority interest.


At the balance sheet date the company owed V7 Investments Limited £113,500 (2023: £113,500). During the year V7 Investments Limited charged the company interest of £12,519 (2023: £12,485).

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date 113,500 113,500

V7 Cap1 (Bristol) Limited

A company under common control.


At the balance sheet date the company owed V7 Cap1 (Bristol) Limited £Nil (2023: £255). Transactions during the year under review were limited to the repayment of funds.

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date - 255

V7 AM Ltd

A company owned by three of the directors.


At the balance sheet date the company owed V7 AM Limited £1,454 (2023: £845). Transactions during the year under review were limited to the repayment of funds.

31.12.24 31.12.23
£    £   
Amount due to related party at the balance sheet date 1,454 845

V7 CAP2 (BRISTOL) LIMITED (REGISTERED NUMBER: 12986499)

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


12. ULTIMATE CONTROLLING PARTY

The controlling party is V7 Cap1 LLP.

The ultimate controlling party is KH V Properties 106 Limited.