VELARD PROPERTY LTD

VELARD PROPERTY LTD
Statement of Financial Position
As at 30 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	1,731,647	1,671,080
		1,731,647	1,671,080
Current assets
Debtors	4	1,200	0
Cash at bank and in hand		24,676	31,825
		25,876	31,825
Creditors: amount falling due within one year	5	(1,365,929)	(1,462,853)
Net current assets		(1,340,053)	(1,431,028)

Total assets less current liabilities		391,594	240,052
Creditors: amount falling due after more than one year	6	(53,931)	0
Net assets		337,663	240,052

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		337,563	239,952
Shareholders' funds		337,663	240,052

For the year ended 30 December 2024 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 28 September 2025 and were signed by:

-------------------------------
Tulay OGRETICI
Director

VELARD PROPERTY LTD
Notes to the Financial Statements
For the year ended 30 December 2024

General Information

VELARD PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13106166, registration address 1A SILVER STREET, WELLINGBOROUGH ENGLAND, NN8 1BQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

2.	Average number of employees Average number of employees during the year was 0 (2023 : 0).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Land and Buildings	Total
	£	£	£
At 31 December 2023	-	1,851,080	1,851,080
Additions	64,433	-	64,433
Disposals	-	(180,000)	(180,000)
At 30 December 2024	64,433	1,671,080	1,735,513
Depreciation
At 31 December 2023	-	-	-
Charge for year	3,866	-	3,866
On disposals	-	-	-
At 30 December 2024	3,866	-	3,866
Net book values
Closing balance as at 30 December 2024	60,567	1,671,080	1,731,647
Opening balance as at 31 December 2023	-	1,671,080	1,671,080

The net book value of Land and Buildings includes £ 1,671,080 (2023 £1,851,080) in respect of assets leased under finance leases or hire purchase contracts.

Debtors: amounts falling due after one year

	2024 £		2023 £
Trade Debtors	1,200		0
	1,200		0

Creditors: amount falling due within one year

	2024 £	2023 £
Corporation Tax	39,967	39,967
Accrued Expenses	1,200	1,200
Other Creditors	23,847	23,847
Directors' Current Accounts	1,300,915	1,397,839
	1,365,929	1,462,853

Creditors: amount falling due after more than one year

	2024 £		2023 £
Car Finance	53,931		0
	53,931		0

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Class A shares of £1.00 each	100		100
	100		100

Registered Number: 13106166
England and Wales
VELARD PROPERTY LTD

Unaudited Financial Statements

Period of accounts Start date: 31 December 2023 End date: 30 December 2024