Volsen Holdings Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Volsen Holdings Ltd

Company Information

Director

J Dearlove

Registered office

Robertson House 195a Barrack Road Christchurch Dorset BH23 2AR

Registered Number

07185176

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Volsen Holdings Ltd

(Registration number: 07185176)
Balance Sheet as at 30 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	500,000	500,000
Current assets
Debtors	5	42,148	32,700
Cash at bank and in hand		10,167	17,745
		52,315	50,445
Creditors: Amounts falling due within one year	6	(262,595)	(237,501)
Net current liabilities		(210,280)	(187,056)
Total assets less current liabilities		289,720	312,944
Creditors: Amounts falling due after more than one year	6	(192,677)	(211,781)
Provisions for liabilities		(19,807)	(19,807)
Net assets		77,236	81,356
Capital and reserves
Called up share capital		100	100
Retained earnings		77,136	81,256
Shareholders' funds		77,236	81,356

Volsen Holdings Ltd

(Registration number: 07185176)
Balance Sheet as at 30 March 2025

For the financial year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2025
 

......................................... J Dearlove Director

Volsen Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Robertson House
195a Barrack Road
Christchurch
Dorset
BH23 2AR

These financial statements were authorised for issue by the director on 16 September 2025.

2	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). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Volsen Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure, Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Volsen Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Investment property

	2025 £
At 31 March 2024	500,000
At 30 March 2025	500,000

The fair value of the property at 30 March 2025 has been arrived at on the basis of a valuation carried out at that date by the director. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location.

5

Debtors

	2025 £	2024 £
Trade debtors	4,902	9,528
Prepayments	37,246	23,172
	42,148	32,700

Volsen Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

6

Creditors

Due within one year	2025 £	2024 £
Bank borrowings	42,769	40,989
Trade creditors	98	1,796
Amounts owed to group undertakings	216,791	191,705
Accruals and deferred income	2,277	2,351
Other creditors	660	660
	262,595	237,501

 

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	192,677	211,781

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	42,769	40,989

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	192,677	211,781

Included in bank borrowings is combined balance of £22,785 (2024 - £27,849) which is guaranteed by the government and unsecured.

Also included in bank borrowings is £212,661 (2024 - £224,921) which is secured by way of a fixed and floating charge over the property and undertaking of the company.

Volsen Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2025

8	Related party transactions

Loans to related parties

2024	Other related parties £	Total £
At start of period	3,000	3,000
Repaid	(3,000)	(3,000)
At end of period	-	-

Terms of loans to related parties

Loans to other related parties are interest free and repayable on demand.