Company Registration No. 06929613 (England and Wales)
The Velvet Room (UK) Ltd
Unaudited accounts
for the year ended 31 March 2025
The Velvet Room (UK) Ltd
Unaudited accounts
Contents
The Velvet Room (UK) Ltd
Company Information
for the year ended 31 March 2025
Directors
Andrew Johnson
Sinead Kelly
Company Number
06929613 (England and Wales)
Registered Office
58 White Hart Lane
Barnes
London
SW13 0PZ
Accountants
CP Finance
Unit 11, Worton Court
Worton Hall Ind Estate
Worton Road
Isleworth
Middlesex
TW7 6ER
The Velvet Room (UK) Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
1,788
2,384
Cash at bank and in hand
21,732
125,554
Creditors: amounts falling due within one year
(103,808)
(87,905)
Net current assets
12,607
44,151
Called up share capital
20
20
Profit and loss account
14,375
46,515
Shareholders' funds
14,395
46,535
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by
Sinead Kelly
Director
Company Registration No. 06929613
The Velvet Room (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025
The Velvet Room (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06929613. The registered office is 58 White Hart Lane, Barnes, London, SW13 0PZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
25% reducuing balance
Computer equipment
50% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
54,595
4,761
59,356
At 31 March 2025
54,595
4,761
59,356
At 1 April 2024
52,211
4,761
56,972
Charge for the year
596
-
596
At 31 March 2025
52,807
4,761
57,568
At 31 March 2025
1,788
-
1,788
At 31 March 2024
2,384
-
2,384
The Velvet Room (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
68,500
-
Accrued income and prepayments
21,718
-
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
23,439
42,932
Other creditors
68,386
15,372
Loans from directors
-
2,509
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
8
Transactions with related parties
During the year the company paid rent of £24,100 (2024 : £24,100) to a pension fund of the directors which own the property the company trades out of.
During the year the company paid £98,500 (2024 : £320,000) in dividends to the holding company.
At the year end the company had lent £68,500 (2024 : £nil) to the parent company.
The parent undertaking is Fifteen 10 Limited whose registered office is Marston House, 5 Elmdon Lane, Marston Green, Solihull. B37 7DL.
10
Average number of employees
During the year the average number of employees was 9 (2024: 11).