REGISTERED NUMBER: 11380133 (England and Wales)

Financial Statements for the Year Ended 31 May 2024

for

VSP88 Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Viral Pala

REGISTERED OFFICE:

291B Melton Road

Leicestershire

LE4 7AN

REGISTERED NUMBER:

11380133 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Tangible assets

4

19,113,616

14,860,069

CURRENT ASSETS

Debtors

5

856,066

844,663

Cash at bank and in hand

18,890

18,360

874,956

863,023

CREDITORS

Amounts falling due within one year

6

7,165,973

4,566,420

NET CURRENT LIABILITIES

(6,291,017

)

(3,703,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,822,599

11,156,672

CREDITORS

Amounts falling due after more than one year

7

13,641,611

11,507,712

NET LIABILITIES

(819,012

)

(351,040

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(819,112

)

(351,140

)

SHAREHOLDERS' FUNDS

(819,012

)

(351,040

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 September 2025 and were signed by:

Mr Viral Pala - Director

1.	STATUTORY INFORMATION

VSP88 Limited 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2023

14,860,069

-

14,860,069

Additions

4,299,688

184,967

4,484,655

Disposals

(231,108

)

-

(231,108

)

At 31 May 2024

18,928,649

184,967

19,113,616

NET BOOK VALUE

At 31 May 2024

18,928,649

184,967

19,113,616

At 31 May 2023

14,860,069

-

14,860,069

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Trade debtors

811,498

805,338

Other debtors

44,568

39,325

856,066

844,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Trade creditors

75,489

68,576

Amounts owed to group undertakings

6,549,178

4,013,421

Taxation and social security

43,214

48,894

Other creditors

498,092

435,529

7,165,973

4,566,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans

11,421,424

9,081,750

Other creditors

2,220,187

2,425,962

13,641,611

11,507,712

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.24

31.5.23

value:

£

£

100

Ordinary

£1

100

100