REGISTERED NUMBER: 12051562 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

V7 CAP1 (BRISTOL) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Z P Veasey

Mr C J Hunt

Mr M T Leach

Mr W J Killick

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

12051562 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investment property

4

2,310,000

2,310,000

CURRENT ASSETS

Debtors

5

108,048

99,229

Cash at bank

102,054

184,271

210,102

283,500

CREDITORS

Amounts falling due within one year

6

(963,060

)

(1,007,010

)

NET CURRENT LIABILITIES

(752,958

)

(723,510

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,557,042

1,586,490

CREDITORS

Amounts falling due after more than one year

7

(1,327,202

)

(1,357,202

)

PROVISIONS FOR LIABILITIES

10

(57,435

)

(57,247

)

NET ASSETS

172,405

172,041

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

282,043

281,483

Retained earnings

(109,738

)

(109,542

)

SHAREHOLDERS' FUNDS

172,405

172,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr Z P Veasey - Director

1.	STATUTORY INFORMATION

V7 Cap1 (Bristol) 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.

The directors report net current liabilities of £752,957 (2024: £723,510) but they believe the company will be able to trade profitably for the foreseeable future and the group will continue to support the company.

Due to the above the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,310,000

NET BOOK VALUE

At 31 December 2025

2,310,000

At 31 December 2024

2,310,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

339,478

Cost

1,970,522

2,310,000

Investment property was valued on an open market basis by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

74,112

59,460

Other debtors

33,936

39,769

108,048

99,229

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 8)

30,000

30,000

Trade creditors

22,023

15,651

Amounts owed to group undertakings

448,853

549,900

Amounts owed to related parties

761

414

Taxation and social security

4,871

12,215

Other creditors

456,552

398,830

963,060

1,007,010

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 8)

727,202

757,202

Amounts owed to group undertakings

540,000

540,000

Amounts owed to related parties

60,000

60,000

1,327,202

1,357,202

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

30,000

30,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

30,000

30,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

697,202

727,202

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

757,202

787,202

Bank indebtedness is secured by a legal mortgage over the company's investment property.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

57,435

57,247

Deferred

tax

£

Balance at 1 January 2025

57,247

Provided during year

188

Balance at 31 December 2025

57,435

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

V7 Cap1 LLP

The parent entity.

At the balance sheet date the company owed V7 Cap1 LLP £448,853 (2024: £549,900). Interest has not been charged on this loan.

31.12.25

31.12.24

£

£

Amount due to related party at the balance sheet date

448,853

549,900

KH V Lending 302 Limited

A company with a common director.

At the balance sheet date the company owed KH V Lending 302 Limited £540,000 (2024: £540,000). During the year KH V Lending 302 Limited charged the company interest of £54,000 (2024: £54,148).

31.12.25

31.12.24

£

£

Amount due to related party at the balance sheet date

540,000

540,000

V7 Investments Limited

A company which holds a minority interest.

At the balance sheet date the company owed V7 Investments Limited £60,000 (2024: £60,000). During the year V7 Investments Limited charged the company interest of £6,000 (2024: £6,016).

31.12.25

31.12.24

£

£

Amount due to related party at the balance sheet date

60,000

60,000

V7 AM Ltd

A company with common directors.

At the balance sheet date the company owed V7 AM Ltd £761 (2024: £414). Transactions during the year under review were limited to the repayment of funds.

31.12.25

31.12.24

£

£

Amount due to related party at the balance sheet date

761

414

13.	ULTIMATE CONTROLLING PARTY

The controlling party is V7 Cap1 LLP.

The ultimate controlling party is KH V Properties 106 Limited.

A company incorporated in Jersey.