REGISTERED NUMBER: 13636300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VELO RESTAURANT CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Hughes

A Mantovani

C Hughes

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh-on-Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

13636300 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

CURRENT ASSETS

Debtors

4

82,310

67,243

Cash at bank

3,045

1,096

85,355

68,339

CREDITORS

Amounts falling due within one year

5

76,620

63,623

NET CURRENT ASSETS

8,735

4,716

TOTAL ASSETS LESS CURRENT LIABILITIES

8,735

4,716

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

8,732

4,713

SHAREHOLDERS' FUNDS

8,735

4,716

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

P Hughes - Director

1.	STATUTORY INFORMATION

Velo Restaurant Consultancy 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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 3 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,800

7,100

Other debtors

80,510

60,143

82,310

67,243

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

8,723

18,958

Other creditors

67,897

44,665

76,620

63,623

6.	RELATED PARTY DISCLOSURES

During the year under review the company charged management fees to various companies under common control. These were:

1981 Restaurants Limited - £11,625

Peaches & Porcini Limited - £14,638

Villaggio Restaurants Limited - £14,638

Alfresco Inns Limited - £5,883

During the year under review the company maintained an intercompany loan account with 1981 Restaurants Ltd. The amount owed to 1981 Restaurants Ltd at the year end date was £80,509.

During the year under review the company maintained an intercompany loan account with Peaches & Porcini Ltd. The amount owed by Peaches & Porcini Ltd at the year end date was £31,520.

During the year under review the company maintained an intercompany loan account with Villaggio Restaurants Ltd. The amount owed by Villaggio Restaurants Ltd at the year end date was £31,520.

During the year under review the company maintained an intercompany loan account with Alfresco Inns Ltd. The amount owed by Alfresco Inns Ltd at the year end date was £2,297.