ACCOUNTS - Final Accounts

Registered number: 01691713

VETCHCREST LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025


VETCHCREST LIMITED REGISTERED NUMBER:01691713

BALANCE SHEET

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Debtors: amounts falling due within one year	5	16,742		18,157
Cash at bank	6	444,311		411,372
		461,053		429,529
Creditors: amounts falling due within one year	7	(103,374)		(167,088)
Net current assets			357,679		262,441
Total assets less current liabilities			357,779		262,541

Net assets			357,779		262,541

Capital and reserves
Called up share capital	8	200	200
Profit and loss account		357,579	262,341
		357,779	262,541

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VETCHCREST LIMITED REGISTERED NUMBER:01691713

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2025

The director considers 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 director acknowledges his 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 by:

R A Taylor

Director

Date: 11 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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VETCHCREST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Vetchcrest Limited is a private company, limited by shares, registered in England and Wales, registration number 01691713. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of providing the services of performers, composers and recording artists and other activities relating to the entertainment industry.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small - sized group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts.

2.2

Functional and presentational currency

The company's functional and presentational currency is pound sterling.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Royalties receivable are recognised at the year end date by the company per the royalty statements.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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VETCHCREST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The company enters into basic financial instrument transactions that result in the result in the recognition of financial assets and liabilities such as trade and other debtors, other creditors, loans from related party and investment in ordinary shares.

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 -1).

4.	Fixed asset investments

		Investments in a subsidiary company
		£
	Cost
	At 1 June 2024	100
	At 31 May 2025	100

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VETCHCREST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Debtors

					2025	2024
					£	£


Trade debtors	16,222	17,865
Prepayments and accrued income	520	292
	16,742	18,157

6.	Cash
		2025	2024
		£	£

	Cash at bank	444,311	411,372

7.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Corporation tax	28,785	26,729
Other taxation and social security	10,053	11,963
Other creditors	63,699	122,758
Accruals	837	5,638
	103,374	167,088

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

200 (2024 - 200) Ordinary shares of £1.00 each	200	200

9.	Transactions with the director

During the year, the director advanced £127,400 (2024 - £113,940) to the company. At the year end, the director was owed £63,699 (2024 - £122,759) from the company. The loan is unsecured, interest free and repayable on demand.

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