REGISTERED NUMBER: 10978412 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

V7 AM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Z P Veasey

Mr C J Hunt

Mr M T Leach

Mr B M White

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

10978412 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

21,819

31,745

Investments

5

15,788

15,788

37,607

47,533

CURRENT ASSETS

Debtors

6

1,332,205

777,488

Cash at bank

937,897

1,084,678

2,270,102

1,862,166

CREDITORS

Amounts falling due within one year

7

(799,438

)

(462,964

)

NET CURRENT ASSETS

1,470,664

1,399,202

TOTAL ASSETS LESS CURRENT LIABILITIES

1,508,271

1,446,735

PROVISIONS FOR LIABILITIES

9

(4,967

)

(7,341

)

NET ASSETS

1,503,304

1,439,394

CAPITAL AND RESERVES

Called up share capital

10

300

300

Retained earnings

1,503,004

1,439,094

SHAREHOLDERS' FUNDS

1,503,304

1,439,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 15 July 2025 and were signed on its behalf by:

Mr Z P Veasey - Director

Mr C J Hunt - Director

Mr M T Leach - Director

1.	STATUTORY INFORMATION

V7 AM Ltd 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Fixed asset investments

Fixed asset investments are stated at cost less any diminution in value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

1,873

55,977

57,850

Additions

-

3,990

3,990

Disposals

-

(938

)

(938

)

At 31 March 2025

1,873

59,029

60,902

DEPRECIATION

At 1 April 2024

1,568

24,537

26,105

Charge for year

241

13,675

13,916

Eliminated on disposal

-

(938

)

(938

)

At 31 March 2025

1,809

37,274

39,083

NET BOOK VALUE

At 31 March 2025

64

21,755

21,819

At 31 March 2024

305

31,440

31,745

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Other investments

15,788

15,788

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

500,438

321,127

Amounts owed by related parties

72,878

17,276

Other debtors

51,900

78,965

625,216

417,368

Amounts falling due after more than one year:

Amounts owed by related parties

706,989

360,120

Aggregate amounts

1,332,205

777,488

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

43,829

69,577

Taxation and social security

441,798

346,366

Other creditors

313,811

47,021

799,438

462,964

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

39,240

43,943

Between one and five years

4,703

39,240

43,943

83,183

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

4,967

7,341

Deferred

tax

£

Balance at 1 April 2024

7,341

Credit to Income Statement during year

(2,374

)

Balance at 31 March 2025

4,967

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary-A

£1

100

100

100

Ordinary-B

£1

100

100

100

Ordinary-C

£1

100

100

300

300

11.	PENSION COMMITMENTS

The company makes payments to separate defined contribution schemes on behalf of employees and directors. Amounts charged to the profit and loss account were £25,806 (2024: £26,565) for the year. Outstanding employer pension contributions as at the balance sheet date were £1,122 (2024: £1,206).

12.	RELATED PARTY DISCLOSURES

V7 Investments Limited

A company under common control.

During the year under review, the company advanced £346,869 (2024: £348,869) to V7 Investments Limited.

31.3.25

31.3.24

£

£

Amount due from related party at the balance sheet date

706,989

360,120

V7 Industrial Limited

A company under common control.

During the year, in addition to the advance of funds, V7 Industrial Limited charged the company for asset management services totalling £20,589 (2024: £Nil) and recharged salary costs of £14,233 (2024: £Nil).

31.3.25

31.3.24

£

£

Amount due from related party at the balance sheet date

51,826

-