Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The principal activity of the company in the year under review was that of property investment.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2 2024-04-01 false 2 true true false 11736911 2024-04-01 2025-03-31 11736911 2023-04-01 2024-03-31 11736911 2025-03-31 11736911 2024-03-31 11736911 c:Director1 2024-04-01 2025-03-31 11736911 d:FreeholdInvestmentProperty 2025-03-31 11736911 d:FreeholdInvestmentProperty 2024-03-31 11736911 d:CurrentFinancialInstruments 2025-03-31 11736911 d:CurrentFinancialInstruments 2024-03-31 11736911 d:Non-currentFinancialInstruments 2025-03-31 11736911 d:Non-currentFinancialInstruments 2024-03-31 11736911 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11736911 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11736911 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11736911 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11736911 d:ShareCapital 2025-03-31 11736911 d:ShareCapital 2024-03-31 11736911 d:RevaluationReserve 2025-03-31 11736911 d:RevaluationReserve 2024-03-31 11736911 d:RetainedEarningsAccumulatedLosses 2025-03-31 11736911 d:RetainedEarningsAccumulatedLosses 2024-03-31 11736911 c:FRS102 2024-04-01 2025-03-31 11736911 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11736911 c:FullAccounts 2024-04-01 2025-03-31 11736911 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11736911 5 2024-04-01 2025-03-31 11736911 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 11736911 VELRAN PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
VELRAN PROPERTIES LIMITED REGISTERED NUMBER: 11736911 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 155,000 |  | 155,000
|  |  | 155,000 |  | 155,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 2,864 |  | 3,023 |
Cash at bank and in hand |  | 23,944 |  | 21,951 |
|  | 26,808 |  | 24,974 |
Creditors: amounts falling due within one year |  | (50,156) |  | (49,494) |
Net current liabilities |  |  | (23,348) |  | (24,520)
Total assets less current liabilities |  |  | 131,652 |  | 130,480
Creditors: amounts falling due after more than one year | 7 |  | (107,356) |  | (107,366)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (6,131) |  | (5,835) |
|  |  | (6,131) |  | (5,835)
Net assets |  |  | 18,165 |  | 17,279
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 29,396 |  | 29,396
Profit and loss account |  |  | (11,331) |  | (12,217)
|  |  | 18,165 |  | 17,279
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VELRAN PROPERTIES LIMITED REGISTERED NUMBER: 11736911 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2025.
Kenneth Richard Francis
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
VELRAN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Velran Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered office: 11 Rhodfa Brynrhos Glanamman Ammanford Dyfed SA18 1JF The presentation currency of the financial statements is the Pound Sterling (£).
2. | Statement of compliance
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. 3.Accounting policies
| 3.1 | Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
| 3.2 | Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, 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 which 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 only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements 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 the financial statements. Impairment of assets Assets 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 income statement. Provisions and contingencies Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable. Page 3
VELRAN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3.Accounting policies (continued)
| 3.3 | Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue in relation to rental income is recognised evenly over the period of the lease.
| 3.4 | Investment property
Investment properties are valued at fair value and not depreciated. Any surplus or deficit arising from revaluations is recognised in the income statement, net of deferred tax. Unrealised net gains or losses on investment properties are transferred into a separate non-distributable reserves within the balance sheet.
| 3.5 | Financial instruments
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
| 3.6 | 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.
| 3.7 | 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. Page 4
VELRAN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3.Accounting policies (continued)
| 3.8 | Going concern
The company is funded by mortgages and directors' loans, in addition to retained surpluses from rental income. The directors have assessed the future expected profitability and cash flow and, in addition to their on-going support via directors' loan, assess that the company is well placed to service its debt. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting.
| 3.9 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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VELRAN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 155,000
| At 31 March 2025 | 155,000
| Fair value at 31 March 2025 is represented by: £ Valuation 2025 155,000 If investment property had not been revalued it would have been included at the following historical cost: 2025 2024 £ £ Cost 118,709 118,709 Investment proprety was valued on an open market basis on 31 March 2025 by the directors.
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VELRAN PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 2,864 | 3,023
|  | 2,864 | 3,023
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 107,356 | 107,366
|  | 107,356 | 107,366
8. | Secured debts
| The following secured debts are included within creditors:
|  | 2025 | 2024
|  | £ | £
| Other loans | 107,356 | 107,366
|  | 107,356 | 107,366
9. | Reserves
|  | Revaluation reserve
|  | £
| At 1 April 2024 | 29,396
| Revaluation in year | -
| At 31 March 2025 | 29,396
10. | Related party disclosures
| Included in creditors is an amount of £48,956 (2024 - £48,664) due to the directors. This balance is unsecured, interest free and with no fixed terms of repayment.
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