REGISTERED NUMBER: 00786544 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Velmore Estates Limited

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr A P S Morris

SECRETARY:

Mrs R J Warner

REGISTERED OFFICE:

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

REGISTERED NUMBER:

00786544 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

SOLICITORS:

Blake Morgan

New Kings Court

Tollgate

Chandlers Ford

Eastleigh

Hampshire

SO53 3LG

TURNOVER

36,450

20,116

Cost of sales

9,406

25,938

GROSS PROFIT/(LOSS)

27,044

(5,822

)

Administrative expenses

111,274

107,012

(84,230

)

(112,834

)

Other operating income

125,452

243,439

OPERATING PROFIT

41,222

130,605

Interest receivable and similar income

854

4,419

42,076

135,024

Interest payable and similar expenses

235

-

PROFIT BEFORE TAXATION

41,841

135,024

Tax on profit

7,981

32,031

PROFIT FOR THE FINANCIAL YEAR

33,860

102,993

FIXED ASSETS

Tangible assets

4

1,451,493

1,451,493

Investments

5

237,034

257,034

1,688,527

1,708,527

CURRENT ASSETS

Stocks

6

59,542

46,168

Debtors

7

2,111

41,315

Cash at bank

45,979

179,611

107,632

267,094

CREDITORS

Amounts falling due within one year

8

156,388

207,189

NET CURRENT (LIABILITIES)/ASSETS

(48,756

)

59,905

TOTAL ASSETS LESS CURRENT LIABILITIES

1,639,771

1,768,432

CAPITAL AND RESERVES

Called up share capital

21,656

21,656

Revaluation reserve

9

319,546

319,546

Retained earnings

9

1,298,569

1,427,230

SHAREHOLDERS' FUNDS

1,639,771

1,768,432

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.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mr A P S Morris - Director

1.	STATUTORY INFORMATION

Velmore Estates Limited 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 as modified by the revaluation of certain assets.

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 represents commissions received and other items.

.

Tangible fixed assets

Tangible fixed assets include investment properties. Freehold and long leasehold investment property is included at its open market value in accordance with FRS 102 Section 1A as follows: - (i) Investment properties were professionally revalued in March 2021 (and 3 properties revalued again in this accounting period based upon post year end sale proceeds) and the aggregate surplus or deficit is transferred to a revaluation reserve and, (ii) No depreciation or amortisation is provided in respect of investment properties.

Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation of other tangible fixed assets is provided at either 15% or 25% (depending on the asset) on cost in order to write off each asset over its estimated useful life.

Stocks

Stock is valued at the lower of cost, being the purchase price, and net realisable value, after making due allowance for obsolete and slow moving items. Stock consists of property which is held for resale and which is not intended for continuing use in the business.

Taxation

Taxation for the year comprises current 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 and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Investment

property

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,451,493

NET BOOK VALUE

At 31 March 2025

1,451,493

At 31 March 2024

1,451,493

Cost or valuation at 31 March 2025 is represented by:

Investment

property

£

Valuation in 2025

1,451,493

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Cost B/Fwd

519,709

519,709

Additions

228,726

228,726

Non property investments - rev

(511,401

)

(491,401

)

237,034

257,034

6.

STOCKS

31.3.25

31.3.24

£

£

Stock

59,542

46,168

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

35,000

Other debtors

2,000

3,692

Prepayments

111

2,623

2,111

41,315

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Corporation tax

7,981

32,031

Other creditors

119,993

153,317

Accruals and deferred income

28,414

21,841

156,388

207,189

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,427,230

319,546

1,746,776

Profit for the year

33,860

33,860

Dividends

(162,521

)

(162,521

)

At 31 March 2025

1,298,569

319,546

1,618,115