REGISTERED NUMBER: 12485831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

THE FIRST V.I.C. PROPERTY UK LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Suvorau

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

12485831 (England and Wales)

ACCOUNTANTS:

Workwell People Solutions Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Investment property

5

223,000

199,000

CURRENT ASSETS

Debtors

463

1,246

Cash at bank

1,585

4,855

2,048

6,101

CREDITORS

Amounts falling due within one year

223,971

221,490

NET CURRENT LIABILITIES

(221,923

)

(215,389

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,077

(16,389

)

PROVISIONS FOR LIABILITIES

4,079

-

NET LIABILITIES

(3,002

)

(16,389

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Fair value reserve

17,387

(2,534

)

Retained earnings

(30,389

)

(23,855

)

SHAREHOLDERS' FUNDS

(3,002

)

(16,389

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

Mr R Suvorau - Director

1.	STATUTORY INFORMATION

The First V.i.c. Property Uk Ltd 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.	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

Basis of preparing the financial statements

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

199,000

Revaluations

24,000

At 31 March 2025

223,000

NET BOOK VALUE

At 31 March 2025

223,000

At 31 March 2024

199,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

(2,534

)

Valuation in 2025

24,000

Cost

201,534

223,000

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr S Pikker

Balance outstanding at start of year

(259

)

(1,662

)

Amounts advanced

764

2,959

Amounts repaid

(936

)

(1,556

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(431

)

(259

)

7.	RELATED PARTY DISCLOSURES

A company in which Mr S Pikker is the Director and the Shareholder, Esteemed Estate Ltd, is paid management fees of £964.17 during the year.