ACCOUNTS - Final Accounts preparation

Registered number: 14322467

ROUTE 24 VOLPE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

ROUTE 24 VOLPE LIMITED

REGISTERED NUMBER: 14322467

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	8,304		1,125,177
Cash at bank and in hand	5	580		58,825
		8,884		1,184,002
Creditors: amounts falling due within one year	6	-		(1,183,902)
Net current assets			8,884		100
Total assets less current liabilities			8,884		100

Net assets			8,884		100

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		8,784	-
		8,884	100

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2026.

M J W Samuelson

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ROUTE 24 VOLPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Route 24 Volpe Limited is a private company limited by shares and registered in England & Wales. The
address of its registered office is 124 Finchley Road, London, NW3 5JS and the principal place of
business is Unit 204, 27/31 Clerkenwell Close, London, EC1R 0AT.

In the prior period, the companies accounting period was extended to cover the 18 month period to May 2024. The current accounting period covers 12 months and the results are therefore not comparable.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue comprises production income.

Production income is recognised in the Statement of Income and Retained Earnings in the period it is contractually due and expended on production and other costs

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax
charge is calculated on the basis of tax rates and laws that have been enacted or substantively
enacted by the reporting date in the countries where the Company operates and generates income.

The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief
based on total net costs and an additional deduction for enhanceable expenditure. The Company
claims a payment based on the amount of enhanced expenditure and carries losses arising from
total net costs forward against future profits.

2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty on notice of not more than 24 hours.

2.7

Creditors

Short term creditors are measured at the transaction price, less any impairment

Page 2

ROUTE 24 VOLPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Debtors

					2025	2024
					£	£


Trade debtors	-	531,917
Other debtors	1,002	93,325
Tax recoverable	7,302	499,935
	8,304	1,125,177

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	580	58,825
	580	58,825

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	-	343,922
Trade creditors	-	4,489
Amounts owed to group undertakings	-	567,392
Other creditors	-	3,432
Accruals and deferred income	-	264,667
	-	1,183,902

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Page 3

ROUTE 24 VOLPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Related party transactions

During the period, fees and recharges totalling £5,516 (2024: £1,061,977) were payable to the shareholder of the company. Also during the period payments totalling £572,908 (2024: £369,120) were made in respect of the fees and recharges. At the reporting date £NIL (2024: £905,252) was payable to the shareholder of the company. All transactions were carried out at arms length.

During the period, advances totalling £535,000 (2024: £250,000) were received from the shareholder of the company. At the reporting date £NIL (2024: £Nil) was due in respect of these advances. The loan is repayable on demand and not interest bearing.

9.	Controlling party

Throughout the period, the immediate and ultimate parent undertaking was Route 24 Limited, a company
incorporated in England. The ultimate controlling party was M Samuelson, a director of Route 24 Volpe
Limited.

Page 4