Escape Velocity Ventures Ltd

(Registration number: 03640337)
Balance Sheet as at 31 October 2025

	Note	31.10.25		31.10.24
		£	£	£	£
FIXED ASSETS
Tangible assets	4		1,942,307		1,348,370
CURRENT ASSETS
Debtors	5	74,395		71,187
Cash at bank and in hand		125,381		245,022
		199,776		316,209
CREDITORS
Creditors within 1yr	6	3,161,679		2,239,172
Net current liabilities			(2,961,903)		(1,922,963)
Net liabilities			(1,019,596)		(574,593)
CAPITAL AND RESERVES
Called up share capital			4		4
Profit and loss account			(1,019,600)		(574,597)
Shareholders' deficit			(1,019,596)		(574,593)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Escape Velocity Ventures Ltd

(Registration number: 03640337)
Balance Sheet as at 31 October 2025 (continued)

Approved and authorised by the director on 1 June 2026

......................................... A Kerr Director

Escape Velocity Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor Frameworks
2 Sheen Road
Richmond
England
TW9 1AE

These financial statements were authorised for issue by the director on 1 June 2026.

2.	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the basis that the director and associated companies have agreed to support the company for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Escape Velocity Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	Straight line over 5 years
Plant and machinery	Straight line over 10 years
Office equipment	Straight line over 3 years
Leasehold property	Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Escape Velocity Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Escape Velocity Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4.	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 November 2024	186,715	281,114	1,259,300	15,266	1,742,395
Additions	-	677	904,901	5,354	910,932
At 31 October 2025	186,715	281,791	2,164,201	20,620	2,653,327
Depreciation
At 1 November 2024	71,037	110,861	202,290	9,837	394,025
Charge for the year	37,343	56,358	216,420	6,874	316,995
At 31 October 2025	108,380	167,219	418,710	16,711	711,020
Carrying amount
At 31 October 2025	78,335	114,572	1,745,491	3,909	1,942,307
At 31 October 2024	115,678	170,253	1,057,010	5,429	1,348,370

Included within the net book value of land and buildings above is £78,335 (2024 - £115,678) in respect of short leasehold land and buildings.
 

5.

Debtors

	31.10.25 £	31.10.24 £
Trade debtors	4,822	-
Other debtors	53,057	56,842
Prepayments	16,516	14,166
Accrued income	-	179
	74,395	71,187

Escape Velocity Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

6.

Creditors

Creditors: amounts falling due within one year

	Note	31.10.25 £	31.10.24 £
Due within one year
Trade creditors		8,812	11,305
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	3,125,000	2,200,000
Accruals and deferred income		8,925	8,925
Other creditors		18,942	18,942
		3,161,679	2,239,172