VSP Limited 31/03/2025 iXBRL

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
	_______	_______	_______	_______