Velvet Leisure (Hull) Limited
Exception report
for the year ended 31 October 2025
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Tangible fixed assets
Opening balance at
1 November 2024
per TB 		Balance at 31
October 2024 per
accounts 		Difference
£ £ £
Freehold property (Account 512)
Freehold property - cost - 443,478 (443,478)
Freehold property - depreciation - - -
Freehold property - net book value - 443,478 (443,478)
Fixtures & fittings (Account 524)
Fixtures & fittings - cost - 14,568 (14,568)
Fixtures & fittings - depreciation - (14,567) 14,567
Fixtures & fittings - net book value - 1 (1)
Reserves
Opening balance at
1 November 2024
per TB 		Balance at 31
October 2024 per
accounts 		Difference
£ £ £
Profit and loss account (Account 968) - 30,587 (30,587)
- 30,587 (30,587)
This page does not form part of the statutory financial statements.
Company registration number: 07022174
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
Velvet Leisure (Hull) Limited
Pages for filing with the Registrar
Company registration number: 07022174
Velvet Leisure (Hull) Limited
Balance sheet
as at 31 October 2025
2025 2024
£ £ £ £
Fixed assets
Tangible assets - 443,479
- 443,479
Current assets
Debtors - 372
Cash at bank and in hand 14 5
14 377
Creditors: amounts falling due within one
year 		(616) (413,169)
Net current liabilities (602) (412,792)
Total assets less current liabilities (602) 30,687
NET (LIABILITIES)/ASSETS (602) 30,687
Capital and reserves
Called up share capital - 100
Profit and loss account (602) 30,587
TOTAL EQUITY (602) 30,687
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07022174
Velvet Leisure (Hull) Limited
Balance sheet - continued
as at 31 October 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 June 2026 and signed on its behalf by:
Miss E Burrell, Director
11 June 2026
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Velvet Leisure (Hull) Limited
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
Velvet Leisure (Hull) Limited is a private company registered in ********. Its registered number is 07022174. The company is ********. Its registered office is East View, Garton, Hull, East Yorkshire, HU11 4QB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was (2024 - ).
3