Registration number:
V4P (Leeds) Newco 1A Limited
for the Period from 28 November 2023 to 27 March 2025
V4P (Leeds) Newco 1A Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
V4P (Leeds) Newco 1A Limited
Company Information
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Directors |
Companion Care (Services) Limited A L Faulds S R Bate Vets4Pets (Services) Limited |
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Registered office |
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V4P (Leeds) Newco 1A Limited
(Registration number: 15314871)
Balance Sheet as at 27 March 2025
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Note |
2025 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
48 |
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Share premium reserve |
46,106 |
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Retained earnings |
(80,313) |
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Shareholders' deficit |
(34,159) |
For the financial period ending 27 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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V4P (Leeds) Newco 1A Limited
Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 27 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Accounts are prepared on a 69 week period resulting in a fluctuating year end between the 25th and 31st March.
Going concern
The directors have considered the factors that impact the company’s future development, performance, cash flows and financial position along with the company’s current liquidity in forming their opinion on the going concern basis. Notwithstanding net liabilities of £34,159 as at 27 March 2025 the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments are investments in equity shares which are not publicly traded and where fair value cannot be measured reliably. They are therefore measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.
V4P (Leeds) Newco 1A Limited
Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 27 March 2025
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Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Finance income and costs
Finance costs are charged to the profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Finance income is recognised in the profit and loss using the effective interest method.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
V4P (Leeds) Newco 1A Limited
Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 27 March 2025
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Investments |
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2025 |
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Investments in joint ventures |
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Joint ventures |
£ |
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Cost or valuation |
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Additions |
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At 27 March 2025 |
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Carrying amount |
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At 27 March 2025 |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
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Due within one year |
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Loans and borrowings |
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Amounts owed to related parties |
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Deferred consideration |
198,146 |
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Other creditors |
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Details of secured amounts included in creditors can be found in the loans and borrowings note.
Creditors: amounts falling due after more than one year
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Note |
2025 |
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Due after one year |
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Loans and borrowings |
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V4P (Leeds) Newco 1A Limited
Notes to the Unaudited Financial Statements for the Period from 28 November 2023 to 27 March 2025
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
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Bank borrowings |
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Bank borrowings
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The bank loan is secured via a debenture over the company's assets. |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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'Ordinary' of £1 each |
48 |
48 |
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Controlling party |
In the opinion of the directors, there is no ultimate controlling party. The entity is jointly owned by the A and B shareholders and neither party has overall control.