Company No: 09913665 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	13,290		13,290
Investments	4	373,611		373,611
		386,901		386,901
Current assets
Debtors	5	24,100		24,100
Cash at bank and in hand		150		13
		24,250		24,113
Creditors: amounts falling due within one year	6	( 341,388)		( 331,251)
Net current liabilities		(317,138)		(307,138)
Total assets less current liabilities		69,763		79,763
Creditors: amounts falling due after more than one year	7	( 3,333)		( 13,333)
Net assets		66,430		66,430
Capital and reserves
Called-up share capital		100		100
Capital redemption reserve		20		20
Profit and loss account		66,310		66,310
Total shareholder's funds		66,430		66,430

For the financial year ending 31 January 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of VEP Investments Limited (registered number: 09913665) were approved and authorised for issue by the Director on 29 October 2025. They were signed on its behalf by:

K Mellor Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

VEP Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Airfield Road, Christchurch, BH23 3TG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Despite the balance sheet showing an excess of net current liabilities, the accounts have been prepared on a going concern basis due to the ongoing financial support of the director.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings

depreciated over the life of the lease

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 February 2024	13,290		13,290
At 31 January 2025	13,290		13,290
Accumulated depreciation
At 01 February 2024	0		0
At 31 January 2025	0		0
Net book value
At 31 January 2025	13,290		13,290
At 31 January 2024	13,290		13,290

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 February 2024	373,611
At 31 January 2025	373,611
Carrying value at 31 January 2025	373,611
Carrying value at 31 January 2024	373,611

5. Debtors

	2025		2024
	£		£
Amounts owed by related parties	24,000		24,000
Other debtors	100		100
	24,100		24,100

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	10,000		10,000
Amounts owed to Group undertakings	331,388		321,251
	341,388		331,251

There is a fixed and floating charge over the assets of the company in favour of a company under common control.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	3,333		13,333