Velvetime Limited - Filleted accounts

Registered number

03664106

Velvetime Limited

Filleted Accounts

31 March 2025

Velvetime Limited
Registered number:		03664106
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		315,749			315,749

Current assets
Debtors	4	2,100			4,168
Cash at bank and in hand		89,369			96,144
		91,469			100,312

Creditors: amounts falling due within one year	5	(22,925)			(22,408)

Net current assets			68,544			77,904

Net assets			384,293			393,653

Capital and reserves
Called up share capital			100			100
Profit and loss account			384,193			393,553

Shareholders' funds			384,293			393,653


The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs Y T Wong
Director
Approved by the board on 5 December 2025

Velvetime Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income receivable.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at the following rates in order to write off the assets over their estimated useful life.

	Furniture and fittings	25% on cost

	No depreciation has been provided in respect of investment properties. The director considers that the lives and residual values of the properties, based on current valuations, are such that any charge to profit and loss account would be insignificant.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			-		-


3	Tangible fixed assets
		Investment properties		Furniture and fittings		Total
£			£		£
	Cost
	At 1 April 2024	315,749		4,736		320,485
	At 31 March 2025	315,749		4,736		320,485

	Depreciation
	At 1 April 2024	-		4,736		4,736
	At 31 March 2025	-		4,736		4,736

	Net book value
	At 31 March 2025	315,749		-		315,749
	At 31 March 2024	315,749		-		315,749


4	Debtors			2025		2024
£					£

	Trade debtors			1,000		-
	Other debtors			1,100		4,168
				2,100		4,168


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			5,674		4,515
	Other creditors			17,251		17,893
				22,925		22,408


6	Other information

	Velvetime Limited is a private company limited by shares and incorporated in England. Its registered office is:
	454 Ewell Road
	Surbiton
	KT6 7EL