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VELLER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






VELLER LIMITED (REGISTERED NUMBER: 10451410)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VELLER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: M Fakhari





REGISTERED OFFICE: 91 Catalonia
Metroplitan
Station Approach
Watford
WD18 7BN





REGISTERED NUMBER: 10451410 (England and Wales)





ACCOUNTANTS: Vinney Ross & Co Ltd
Office on the Hill, Suite 7
37 Stanmore Hill
Stanmore
Middlesex
HA7 3DS

VELLER LIMITED (REGISTERED NUMBER: 10451410)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,457 29,270
Investments 5 300,938 449,987
325,395 479,257

CURRENT ASSETS
Cash at bank - (116,083 )

CREDITORS
Amounts falling due within one year 6 185,671 223,275
NET CURRENT LIABILITIES (185,671 ) (339,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,724

139,899

CREDITORS
Amounts falling due after more
than one year

7

203,688

203,688
NET LIABILITIES (63,964 ) (63,789 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (64,064 ) (63,889 )
SHAREHOLDERS' FUNDS (63,964 ) (63,789 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VELLER LIMITED (REGISTERED NUMBER: 10451410)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 17 March 2025 and were signed by:





M Fakhari - Director


VELLER LIMITED (REGISTERED NUMBER: 10451410)

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

1. STATUTORY INFORMATION

Veller 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2023 - NIL).

VELLER LIMITED (REGISTERED NUMBER: 10451410)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 43,814
DEPRECIATION
At 1 November 2023 14,544
Charge for year 4,813
At 31 October 2024 19,357
NET BOOK VALUE
At 31 October 2024 24,457
At 31 October 2023 29,270

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023 449,987
Disposals (149,049 )
At 31 October 2024 300,938
NET BOOK VALUE
At 31 October 2024 300,938
At 31 October 2023 449,987

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 73 -
Trade creditors 1 -
Taxation and social security 458 376
Other creditors 185,139 222,899
185,671 223,275

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 203,688 203,688

VELLER LIMITED (REGISTERED NUMBER: 10451410)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage 203,688 203,688