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Company registration number: 04697867
VSP Limited
Trading as VSP
Unaudited filleted financial statements
31 March 2025
VSP Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
VSP Limited
Directors and other information

| Directors | Mr P Patel
|  | Mrs J Patel
| Secretary | P Patel
| Company number | 04697867
| Registered office | 2 Deansway
|  | East Finchley
|  | London
|  | N2 0JF
| Business address | 2 Deansway
|  | East Finchley
|  | London
|  | N2 0JF

VSP Limited
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | 1 |  |  |  | 1 |  |
Tangible assets |  | 6 | 275 |  |  |  | 367 |  |
Investments |  | 7 | 850,209 |  |  |  | 750,209 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 850,485 |  |  |  | 750,577
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 8 | 17,350 |  |  |  | 27,810 |  |
Cash at bank and in hand |  |  | 96,406 |  |  |  | 160,513 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 113,756 |  |  |  | 188,323 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 9 | ( 79,392) |  |  |  | ( 99,029) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 34,364 |  |  |  | 89,294
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 884,849 |  |  |  | 839,871
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 884,849 |  |  |  | 839,871
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 10 |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 884,749 |  |  |  | 839,771
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 884,849 |  |  |  | 839,871
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 January 2026 , and are signed on behalf of the board by:
Mr P Patel Mrs J Patel
Director Director
Company registration number: 04697867
VSP Limited
Statement of changes in equity
Year ended 31 March 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 April 2023 |  | 100 |  | 786,236 | 786,336 |  |  |  |  |
Profit for the year |  |  |  | 53,535 | 53,535 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 53,535 | 53,535 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 March 2024 and 1 April 2024 |  | 100 |  | 839,771 | 839,871 |  |  |  |  |
Profit for the year |  |  |  | 44,978 | 44,978 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 44,978 | 44,978 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 March 2025 |  | 100 |  | 884,749 | 884,849 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

VSP Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Deansway, East Finchley, London, N2 0JF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents fee income received or receivable for services rendered, net of discounts and Value Added Tax.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fittings fixtures and equipment | - | 25% % | reducing balance

Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Intangible assets

|  | Goodwill | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 150,000 | 150,000 |  |  |  |
|  | _______ | _______ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 149,999 | 149,999 |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 1 | 1 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2024 | 1 | 1 |  |  |  |
|  | _______ | _______ |  |  |  |

6. Tangible assets

|  | Fixtures, fittings and equipment | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 13,454 | 13,454 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 April 2024 | 13,087 | 13,087 |  |  |  |  |
| Charge for the year | 92 | 92 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2025 | 13,179 | 13,179 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2025 | 275 | 275 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2024 | 367 | 367 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

7. Investments

|  | Other investments other than loans | Other loans | Total |  |  |
|  | £ | £ | £ |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2024 | 50,000 | 700,209 | 750,209 |  |  |
| Additions | 100,000 | - | 100,000 |  |  |
|  | _______ | _______ | _______ |  |  |
| At 31 March 2025 | 150,000 | 700,209 | 850,209 |  |  |
|  | _______ | _______ | _______ |  |  |
| Impairment |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | - | - | - |  |  |
|  | _______ | _______ | _______ |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | 150,000 | 700,209 | 850,209 |  |  |
|  | _______ | _______ | _______ |  |  |
| At 31 March 2024 | 50,000 | 700,209 | 750,209 |  |  |
|  | _______ | _______ | _______ |  |  |

8. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 17,200 | 27,660
| Other debtors |  | 150 | 150
|  |  | _______ | _______
|  |  | 17,350 | 27,810
|  |  | _______ | _______

9. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | - | 16,308
| Corporation tax |  | 11,141 | 14,236
| Social security and other taxes |  | 15,236 | 15,932
| Other creditors |  | 53,015 | 52,553
|  |  | _______ | _______
|  |  | 79,392 | 99,029
|  |  | _______ | _______

10. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______