REGISTERED NUMBER: 08698143 (England and Wales)

Director's Report and

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Viola Leasing Management UK Limited

Page

Company Information

1

Director's Report

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTOR:

Mr P C Merritt

REGISTERED OFFICE:

71 Queen Victoria Street

London

United Kingdom

EC4V 4BE

REGISTERED NUMBER:

08698143 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 31st December 2024.

DIRECTOR

Mr P C Merritt held office during the whole of the period from 1st January 2024 to the date of this report.

GOING CONCERN

The directors have considered the appropriateness of adopting the going concern basis in preparation of these financial statements. Having considered the risks and uncertainties to which the company is subject, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P C Merritt - Director

22nd September 2025

TURNOVER

165,830

1,179,196

Cost of sales

(441,323

)

(387,404

)

GROSS (LOSS)/PROFIT

(275,493

)

791,792

Administrative expenses

(60,661

)

(627,354

)

(336,154

)

164,438

Other operating income

-

6,393,324

OPERATING (LOSS)/PROFIT

4

(336,154

)

6,557,762

Interest receivable and similar income

59,779

7,012

(LOSS)/PROFIT BEFORE TAXATION

(276,375

)

6,564,774

Tax on (loss)/profit

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(276,375

)

6,564,774

Retained earnings at beginning of year

6,826,451

261,677

RETAINED EARNINGS AT END OF YEAR

6,550,076

6,826,451

FIXED ASSETS

Intangible assets

5

-

300,296

CURRENT ASSETS

Debtors

6

935,231

951,218

Investments

7

5,901,087

5,897,417

Cash at bank

4,444

11,504

6,840,762

6,860,139

CREDITORS

Amounts falling due within one year

8

(290,586

)

(333,884

)

NET CURRENT ASSETS

6,550,176

6,526,255

TOTAL ASSETS LESS CURRENT LIABILITIES

6,550,176

6,826,551

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,550,076

6,826,451

SHAREHOLDERS' FUNDS

6,550,176

6,826,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22nd September 2025 and were signed by:

Mr P C Merritt - Director

1.	STATUTORY INFORMATION

Viola Leasing Management UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, which are described in note 2, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Critical judgments in applying the Company’s accounting policies

The following are the critical judgments, apart from those involving estimations (which are dealt with separately below), that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in financial statements.

Amounts owed by group companies and loans receivable

The company has loan balances receivable from a group company, and a non group company, which are repayable on demand. In reviewing the need for impairment, the directors review the financial position of the borrower and the status of any interest and capital payments due.

Turnover

Software

Software was acquired at book value from a fellow group subsidiary where it had an expected life of 5 years from commissioning. Amortisation has been charged in equal monthly instalments over the remaining 10 months expected life at the transfer date of 30 November 2023.

Financial instruments

Recognition

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. The financial assets and liabilities of the company consist wholly of basic financial instruments.

Initial measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), and subsequently carried at amortised cost.

Subsequent measurement

Receivables are subsequently measured at amortised cost using the effective interest rate method. Discounting has not been applied to receivables as they are repayable on demand or on term agreements.

Trade payables are subsequently measured at amortised cost using the effective interest method unless payment is due within one year or less, in which case they are measured at the undiscounted amount of cash or other consideration expected to be paid.

Derecognition of financial assets and liabilities

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Taxation

Current tax is provided at amount expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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 1 (2023 - 1 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024

2023

£

£

Software amortisation

300,296

33,366

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

333,662

AMORTISATION

At 1st January 2024

33,366

Charge for year

300,296

At 31st December 2024

333,662

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

300,296

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,768

1,987

Owed by group companies

135,134

120,000

Other debtors

798,329

829,231

935,231

951,218

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Loans receivable

5,901,087

5,897,417

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

261,419

151,921

Owed to group companies

-

181,963

Taxation and social security

26,329

-

Other creditors

2,838

-

290,586

333,884

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms L F Strawson.