REGISTERED NUMBER: 08539715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

VSCG LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S C Hodge

REGISTERED OFFICE:

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

REGISTERED NUMBER:

08539715 (England and Wales)

ACCOUNTANTS:

TC Group

First Floor

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

FIXED ASSETS

Tangible assets

4

11,888

13,986

Investment property

5

1,035,000

1,335,000

1,046,888

1,348,986

CURRENT ASSETS

Debtors

6

20,212

30,139

Cash at bank

57,931

429,627

78,143

459,766

CREDITORS

Amounts falling due within one year

7

(579,488

)

(615,425

)

NET CURRENT LIABILITIES

(501,345

)

(155,659

)

TOTAL ASSETS LESS CURRENT LIABILITIES

545,543

1,193,327

CREDITORS

Amounts falling due after more than one year

8

-

(589,699

)

PROVISIONS FOR LIABILITIES

9

(141,223

)

(153,268

)

NET ASSETS

404,320

450,360

CAPITAL AND RESERVES

Called up share capital

10

1

1

Fair value reserve

11

414,750

449,311

Retained earnings

(10,431

)

1,048

SHAREHOLDERS' FUNDS

404,320

450,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 May 2026 and were signed by:

Mr S C Hodge - Director

1.	STATUTORY INFORMATION

VSCG LTD 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Significant judgements or estimates involved in the preparation of the financial statements include valuation of the investment property.

Turnover

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives

.

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 15% on reducing balance

Investment property

Investment property, which is property held to earn rentals, 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 date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Financial instruments

The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and

preference shares that are classified as debt, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

4,500

45,097

49,597

DEPRECIATION

At 1 September 2024

2,803

32,808

35,611

Charge for year

255

1,843

2,098

At 31 August 2025

3,058

34,651

37,709

NET BOOK VALUE

At 31 August 2025

1,442

10,446

11,888

At 31 August 2024

1,697

12,289

13,986

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

1,335,000

Disposals

(300,000

)

At 31 August 2025

1,035,000

NET BOOK VALUE

At 31 August 2025

1,035,000

At 31 August 2024

1,335,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2016

288,686

Valuation in 2020

264,314

Valuation in 2023

55,712

Cost

426,288

1,035,000

Investment properties were valued on an open market basis on 31 August 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

11,600

11,950

Other debtors

8,612

18,189

20,212

30,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

5,431

718

Amounts owed to participating interests

469,777

521,700

Taxation and social security

5,203

2,898

Other creditors

99,077

80,109

579,488

615,425

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

589,699

31.8.25

31.8.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

172,641

Repayable by instalments

Bank loans more 5 yr by instal

-

377,058

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

Accelerated capital allowances

2,972

3,497

Other timing differences

138,251

149,771

141,223

153,268

Deferred

tax

£

Balance at 1 September 2024

153,268

Provided during year

(12,045

)

Balance at 31 August 2025

141,223

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Fair

value

reserve

£

At 1 September 2024

449,311

Movement in reserves

(34,561

)

At 31 August 2025

414,750

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Mr S C Hodge

Balance outstanding at start of year

9,109

116,470

Amounts advanced

371

24,739

Amounts repaid

(10,000

)

(132,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(520

)

9,109

Interest has been charged at the HMRC official rate. The balance was repaid post balance sheet date.

13.	RELATED PARTY DISCLOSURES

Included within creditors falling due within one year is an amount of £469,777 (2024: £521,700) owed to a related company under common control. The loan was interest free and repayable on demand.

Included within other creditors falling due within one year is an amount of £44,793 (2024: £Nil) owed to a related company under common control. The loan was interest free and repayable on demand.