Velo Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02986275

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		81,418		81,418

			81,418		81,418
CURRENT ASSETS
Debtors	5	3,640		5,460
Cash at bank and in hand		2,016		-

		5,656		5,460
Creditors: Amounts Falling Due Within One Year	6	(14,384 )		(14,975 )

NET CURRENT ASSETS (LIABILITIES)			(8,728 )		(9,515 )

TOTAL ASSETS LESS CURRENT LIABILITIES			72,690		71,903

Creditors: Amounts Falling Due After More Than One Year	7		(37,841 )		(35,000 )

NET ASSETS			34,849		36,903

CAPITAL AND RESERVES
Called up share capital	8		100		100
Other reserves			(55,000 )		(55,000 )
Profit and Loss Account			89,749		91,803

SHAREHOLDERS' FUNDS			34,849		36,903

Page 1

Page 2

Velo Estates Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R Williams

Director

09/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Velo Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02986275 . The registered office is 1, Lonsdale Gardens, Tunbridge Wells, Kent, TN1 1NU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of rents received by the company, net of Value Added Tax.

2.3. Tangible Fixed Assets and Depreciation

The company does not depreciate its investment properties as it is the company's policy to maintain these in good condition and wherever possible to enhance their value. The properties have not been revalued at the Balance Sheet date as the directors are of the opinion that the value is not materially different from cost.

Freehold

2.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	81,418

As at 31 March 2025	81,418

Net Book Value
As at 31 March 2025	81,418

As at 1 April 2024	81,418

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,640	5,460

Page 3

Page 4

Velo Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,070	338
Bank loans and overdrafts	-	2,019
Corporation tax	3,037	2,841
VAT	910	1,213
Accruals and deferred income	9,367	8,564

	14,384	14,975

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	37,841	35,000

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	15,000	14,000

10. Related Party Transactions

R Williams is also a Director of Starnes Developments Limited.

The Company provided a loan to help purchase balance of shares from previous shareholder and settle liabilities owed to him. This balance is included under long term other creditors.