Silverfin false false 31/12/2024 12/09/2023 31/12/2024 D Y Baliti 25/09/2024 J L Spencer 12/09/2023 12 June 2025 The principal activity of the Company during the financial period was the construction of domestic buildings. 15133679 2024-12-31 15133679 bus:Director1 2024-12-31 15133679 bus:Director2 2024-12-31 15133679 core:CurrentFinancialInstruments 2024-12-31 15133679 core:ShareCapital 2024-12-31 15133679 core:RetainedEarningsAccumulatedLosses 2024-12-31 15133679 core:CurrentFinancialInstruments 1 2024-12-31 15133679 bus:OrdinaryShareClass1 2024-12-31 15133679 2023-09-12 2024-12-31 15133679 bus:FilletedAccounts 2023-09-12 2024-12-31 15133679 bus:SmallEntities 2023-09-12 2024-12-31 15133679 bus:AuditExemptWithAccountantsReport 2023-09-12 2024-12-31 15133679 bus:PrivateLimitedCompanyLtd 2023-09-12 2024-12-31 15133679 bus:Director1 2023-09-12 2024-12-31 15133679 bus:Director2 2023-09-12 2024-12-31 15133679 bus:OrdinaryShareClass1 2023-09-12 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15133679 (England and Wales)

VABEL CONSTRUCTION 9 LIMITED

Unaudited Financial Statements
For the financial period from 12 September 2023 to 31 December 2024
Pages for filing with the registrar

VABEL CONSTRUCTION 9 LIMITED

Unaudited Financial Statements

For the financial period from 12 September 2023 to 31 December 2024

Contents

VABEL CONSTRUCTION 9 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
VABEL CONSTRUCTION 9 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024
£
Current assets
Debtors 3 583,300
Cash at bank and in hand 4 3,407
586,707
Creditors: amounts falling due within one year 5 ( 588,638)
Net current liabilities (1,931)
Total assets less current liabilities (1,931)
Net liabilities ( 1,931)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 2,031 )
Total shareholder's deficit ( 1,931)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Vabel Construction 9 Limited (registered number: 15133679) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D Y Baliti
Director

12 June 2025

VABEL CONSTRUCTION 9 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 September 2023 to 31 December 2024
VABEL CONSTRUCTION 9 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 September 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Vabel Construction 9 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 18 Haverstock Hill, London, NW3 2BL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

These financial statements cover the period from the company’s incorporation on 12 September 2023 to 31 December 2024. This represents an extended reporting period of more than 12 months, which is permitted under applicable legislation for a company’s first accounting period. As this is the first set of financial statements prepared by the company, there are no comparative figures presented.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Sales represents income in relation to recharged construction costs, net of VAT and discounts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

2. Employees

Period from
12.09.2023 to
31.12.2024
Number
Monthly average number of persons employed by the company during the period, excluding directors 6

3. Debtors

31.12.2024
£
Trade debtors 583,200
Other debtors 100
583,300

4. Cash and cash equivalents

31.12.2024
£
Cash at bank and in hand 3,407

5. Creditors: amounts falling due within one year

31.12.2024
£
Trade creditors 244,431
CIS withheld 2,205
Other taxation and social security 140,368
Other creditors 201,634
588,638

6. Called-up share capital

31.12.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On 12 September 2023, 100 ordinary shares were issued at par.