REGISTERED NUMBER: 15484021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

12 FEBRUARY 2024 TO 31 MARCH 2025

FOR

V BERKELEY SQUARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Best

Mrs J A Best

A J Riley

B Downing

M C Downing

L G Downing

REGISTERED OFFICE:

Whelco Place

Enfield Industrial Estate

Enfield Street

Wigan

Lancashire

WN5 8DB

REGISTERED NUMBER:

15484021 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

79,124

Tangible assets

5

1,785,583

1,864,707

CURRENT ASSETS

Stocks

1,427

Debtors

6

192,554

Cash at bank and in hand

32,549

226,530

CREDITORS

Amounts falling due within one year

7

2,693,427

NET CURRENT LIABILITIES

(2,466,897

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(602,190

)

CAPITAL AND RESERVES

Called up share capital

204

Retained earnings

(602,394

)

SHAREHOLDERS' FUNDS

(602,190

)

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

S B Best - Director

1.	STATUTORY INFORMATION

V Berkeley Square 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

straight line over 3 years and straight line over 7 years

Tangible fixed assets are stated at cost less depreciation and impairment.

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Short term financial assets, including trade and other debtors and cash and bank balances, are measured at transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including other creditors and amounts owed to associated undertakings, are measured at the transaction price. Financial liabilities that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Taxation

Taxation for the period 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.

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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company is reliant upon the ongoing financial and management support of its Director/shareholders, and this support has been confirmed for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

94,634

At 31 March 2025

94,634

AMORTISATION

Charge for period

15,510

At 31 March 2025

15,510

NET BOOK VALUE

At 31 March 2025

79,124

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

1,601,186

294,404

1,895,590

Disposals

-

(4,713

)

(4,713

)

At 31 March 2025

1,601,186

289,691

1,890,877

DEPRECIATION

Charge for period

81,322

24,496

105,818

Eliminated on disposal

-

(524

)

(524

)

At 31 March 2025

81,322

23,972

105,294

NET BOOK VALUE

At 31 March 2025

1,519,864

265,719

1,785,583

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,675

Other debtors

190,879

192,554

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

56,983

Taxation and social security

5,340

Other creditors

2,631,104

2,693,427

8.	RELATED PARTY DISCLOSURES

At the year end there is a loan balance owing to directors of £2,559,996.