REGISTERED NUMBER: 13681659 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Velocity Property Development Ltd

Page

Balance Sheet

1

FIXED ASSETS

763,826

509,861

CURRENT ASSETS

306,928

45,951

CREDITORS

Amounts falling due within one year

(324,863

)

(213,342

)

NET CURRENT LIABILITIES

(17,935

)

(167,391

)

TOTAL ASSETS LESS CURRENT LIABILITIES

745,891

342,470

CREDITORS

Amounts falling due after more than one year

(842,158

)

(386,833

)

NET LIABILITIES

(96,267

)

(44,363

)

CAPITAL AND RESERVES

(96,267

)

(44,363

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Velocity Property Development Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13681659

Registered office:

19 Marsden Grove

Pudsey

West Yorkshire

LS28 5GJ

2.	AVERAGE NUMBER OF EMPLOYEES

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

3.	OTHER FINANCIAL COMMITMENTS

The company has provided fixed charges to the following companies listed below over specific assets and

also floating charges over the company assets in relation to loans contained within creditors greater than 1

year.

The Mortgage Works (UK) PLC over 78 Church Avenue, West Sleekburn, NE62 5XG

Aldermore Bank PLC over 123 Katherine Street, Ashington , NE63 9DW

Paratus AMC Limited over 9 Gladstone Terrace, Goole, ND14 5AQ

Hope Capital 2 Limited over 22 Barfield Drive, Yeadon, Leeds , LS19 7SJ

4.	GOING CONCERN

The financial statements have been drawn up on a going concern basis as the director has

indicated their continuing support. As such there is no material uncertainty over the entity's

ability to continue as a going concern.

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 in accordance with the micro-entity provisions 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 30 December 2025 and were signed by:

J S Smethurst - Director