ACCOUNTS - Final Accounts preparation

Registered number: 09514883

VOLE LA LUMIERE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

VOLE LA LUMIERE LIMITED

REGISTERED NUMBER: 09514883

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		34,207		44,920
Investment property	5		56,873		56,873
			91,080		101,793
Current assets
Debtors: amounts falling due within one year	6	362		450
Cash at bank and in hand		217		7,641
		579		8,091
Creditors: amounts falling due within one year	7	(68,298)		(83,471)
Net current liabilities			(67,719)		(75,380)
Total assets less current liabilities			23,361		26,413
Creditors: amounts falling due after more than one year	8		(52,501)		(52,140)

Net liabilities			(29,140)		(25,727)

Capital and reserves
Called up share capital	9	1	1
Profit and loss account		(29,141)	(25,728)
		(29,140)	(25,727)

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VOLE LA LUMIERE LIMITED

REGISTERED NUMBER: 09514883

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2025.

Shane Kieran O'Reilly

Director

The notes on pages 3 to 6 form part of these financial statements.

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VOLE LA LUMIERE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The company is registered in England and Wales. Its registered office is 180 Castlehill Road, Walsall, West Midlands, WS9 9DB. The company's principal activity is that of residential property investment.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or 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.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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VOLE LA LUMIERE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery

20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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VOLE LA LUMIERE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 April 2024	34,207	13,391	47,598
Disposals	-	(13,391)	(13,391)
At 31 March 2025	34,207	-	34,207

At 1 April 2024	-	2,678	2,678
Charge for the year on owned assets	-	2,143	2,143
Disposals	-	(4,821)	(4,821)
At 31 March 2025	-	-	-
Net book value
At 31 March 2025	34,207	-	34,207
At 31 March 2024	34,207	10,713	44,920

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	56,873
	At 31 March 2025	56,873

The 2025 valuations were made by the director, on an open market value for existing use basis.


	At 31 March 2025

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VOLE LA LUMIERE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Tax recoverable	362	450
	362	450

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other taxation and social security	54	1,101
Other creditors	66,744	77,820
Accruals and deferred income	1,500	4,550
	68,298	83,471

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	52,501	52,140
	52,501	52,140

The bank loans are secured against the investment property held by the company as per note 5 of the financial statements.

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

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