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Registered number: 01795033
Velvista (1984) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01795033
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 940 1,142
Investment Properties 5 4,285,068 3,925,930
4,286,008 3,927,072
CURRENT ASSETS
Debtors 6 410,887 427,721
Cash at bank and in hand 20,431 413,610
431,318 841,331
Creditors: Amounts Falling Due Within One Year 7 (1,357,195 ) (1,346,783 )
NET CURRENT ASSETS (LIABILITIES) (925,877 ) (505,452 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,360,131 3,421,620
Creditors: Amounts Falling Due After More Than One Year 8 (2,180,000 ) (2,180,000 )
NET ASSETS 1,180,131 1,241,620
CAPITAL AND RESERVES
Called up share capital 10 55,000 55,000
Fair value reserve 11 501,620 501,620
Profit and Loss Account 623,511 685,000
SHAREHOLDERS' FUNDS 1,180,131 1,241,620
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Razina Malida
Director
27 May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Velvista (1984) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01795033 . The registered office is Office Room, 6 Thread Needle House, 27 Copdale Road, Leicester, Leicestershire, LE5 4FG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance method
Motor Vehicles 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 4,957
As at 31 March 2025 4,957
Depreciation
As at 1 April 2024 3,815
Provided during the period 202
As at 31 March 2025 4,017
Net Book Value
As at 31 March 2025 940
As at 1 April 2024 1,142
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 3,925,930
Additions 359,138
As at 31 March 2025 4,285,068
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 3,783,448 3,424,310
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 410,427 427,123
Other debtors 460 598
410,887 427,721
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,728 698
Other creditors 1,354,208 1,335,320
Taxation and social security 259 10,765
1,357,195 1,346,783
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,180,000 2,180,000
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 2,180,000 2,180,000
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 55,000 55,000
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2024 501,620 685,000
Loss for the year and total comprehensive income - (61,489 )
As at 31 March 2025 501,620 623,511
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