Registered number
11940459
V Park 1 Ltd
Filleted Accounts
30 April 2025

V Park 1 Ltd
Registered number: | 11940459
Balance Sheet
as at 30 April 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investments | 3 |  |  | 77,690 |  |  | 77,690
Current assets
Debtors | 4 |  | - |  |  | 939
Cash at bank and in hand |  |  | 7,630 |  |  | 7,255
|  |  | 7,630 |  |  | 8,194
Creditors: amounts falling due within one year | 5 |  | (121,821) |  |  | (82,512)
Net current liabilities |  |  |  | (114,191) |  |  | (74,318)
Net (liabilities)/assets |  |  |  | (36,501) |  |  | 3,372
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | (36,502) |  |  | 3,371
Shareholders' funds |  |  |  | (36,501) |  |  | 3,372
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ming Yim
Director
Approved by the board on 15 January 2026

V Park 1 Ltd
Notes to the Accounts
for the year ended 30 April 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Revenue is recognised at the fair value of rental income receivable provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount recieved is recognised as interest income.
| Investment properties
| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as property plant and equipment.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Investments
Other
investments
£
| Cost
| At 1 May 2024 | 77,690
| At 30 April 2025 | 77,690
| The company holds an investment property for rental and long-term investment purposes. Although investment property is normally measured at fair value, the directors consider that the fair value at the reporting date does not differ materially from historical cost. The property is therefore carried at historical cost.
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | - |  | 939
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Taxation and social security costs | - |  | 691
| Other creditors | 121,821 |  | 81,821
|  |  |  |  |  | 121,821 |  | 82,512
| Included in other creditors is a provision of £40,000 relating to a dispute over building-related costs that arose before the balance sheet date. A higher amount has been claimed, but the directors dispute the charge and the final outcome remains uncertain. The amount recognised represents the directors’ best estimate of the expected outflow at the year end. The eventual settlement may differ from this estimate and the provision will be reviewed as the matter progresses.
6 | Other information
| V Park 1 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 433 Wilmslow Road
| Withington
| Manchester
| United Kingdom
| M20 4AF

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