IRIS Accounts Production v26.1.10.60 03843958 Board of Directors 1.10.24 30.9.25 30.9.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03843958 2024-09-30 03843958 2025-09-30 03843958 2024-10-01 2025-09-30 03843958 2023-09-30 03843958 2023-10-01 2024-09-30 03843958 2024-09-30 03843958 ns15:EnglandWales 2024-10-01 2025-09-30 03843958 ns14:Euro 2024-10-01 2025-09-30 03843958 ns10:Director1 2024-10-01 2025-09-30 03843958 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 03843958 ns10:SmallEntities 2024-10-01 2025-09-30 03843958 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 03843958 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 03843958 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 03843958 ns10:FullAccounts 2024-10-01 2025-09-30 03843958 1 2024-10-01 2025-09-30 03843958 ns10:Director2 2024-10-01 2025-09-30 03843958 ns10:Director3 2024-10-01 2025-09-30 03843958 ns10:CompanySecretary1 2024-10-01 2025-09-30 03843958 ns10:RegisteredOffice 2024-10-01 2025-09-30 03843958 ns5:CurrentFinancialInstruments 2025-09-30 03843958 ns5:CurrentFinancialInstruments 2024-09-30 03843958 ns5:ShareCapital 2025-09-30 03843958 ns5:ShareCapital 2024-09-30 03843958 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 03843958 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 03843958 ns5:CostValuation 2024-09-30 03843958 ns5:DisposalsRepaymentsInvestments 2025-09-30 03843958 ns5:CostValuation 2025-09-30 03843958 ns5:Subsidiary1 2024-10-01 2025-09-30 03843958 1 ns5:Subsidiary1 2024-10-01 2025-09-30 03843958 ns5:Subsidiary1 2025-09-30 03843958 ns5:Subsidiary1 2024-09-30 03843958 ns5:Subsidiary1 2023-10-01 2024-09-30 03843958 ns5:Subsidiary2 2024-10-01 2025-09-30 03843958 ns5:Subsidiary2 3 2024-10-01 2025-09-30 03843958 ns5:Subsidiary2 2025-09-30 03843958 ns5:Subsidiary2 2024-09-30 03843958 ns5:Subsidiary2 2023-10-01 2024-09-30 03843958 ns5:Subsidiary3 2024-10-01 2025-09-30 03843958 5 ns5:Subsidiary3 2024-10-01 2025-09-30 03843958 ns5:Subsidiary3 2025-09-30 03843958 ns5:Subsidiary3 2024-09-30 03843958 ns5:Subsidiary3 2023-10-01 2024-09-30 03843958 ns5:Subsidiary5 2024-10-01 2025-09-30 03843958 9 ns5:Subsidiary5 2024-10-01 2025-09-30 03843958 ns5:Subsidiary5 2025-09-30 03843958 ns5:Subsidiary5 2024-09-30 03843958 ns5:Subsidiary5 2023-10-01 2024-09-30 03843958 ns5:Subsidiary6 2024-10-01 2025-09-30 03843958 ns5:Subsidiary6 11 2024-10-01 2025-09-30 03843958 ns5:Subsidiary6 2025-09-30 03843958 ns5:Subsidiary6 2024-09-30 03843958 ns5:Subsidiary6 2023-10-01 2024-09-30 03843958 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 03843958 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 03843958 ns5:Non-currentFinancialInstruments 2025-09-30 03843958 ns5:Non-currentFinancialInstruments 2024-09-30 03843958 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 03843958 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30

REGISTERED NUMBER: 03843958 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

V&P CAPITAL LTD

Previously known as

Snow & Sea French Properties Limited

V&P CAPITAL LTD (Registered number: 03843958)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

V&P CAPITAL LTD

Company Information

for the Year Ended 30 September 2025

| DIRECTORS: | Pascal Garcia

| A J M Garcia

| V M Garcia

| SECRETARY: | Greenfin Limited

| REGISTERED OFFICE: | Suite 15

| 2 Mount Sion

| Tunbridge Wells

| Kent

| TN1 1UE

| REGISTERED NUMBER: | 03843958 (England and Wales)

| ACCOUNTANTS: | Greenfin Limited

| Chartered Certified Accountants

| Accountants and Statutory Auditors

| Suite 15, 2 Mount Sion

| Tunbridge Wells

| Kent

| TN1 1UE

V&P CAPITAL LTD (Registered number: 03843958)

Balance Sheet

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | € | € | € | € |

FIXED ASSETS

Investments | 4 | 19,822 |  | 31,821 |  |

CURRENT ASSETS

Debtors | 5 | 22,145,929 |  | 21,946,588 |  |

Cash at bank | 17,172,665 |  | 16,237,119 |  |

39,318,594 |  | 38,183,707 |  |

CREDITORS

Amounts falling due within one year | 6 | 377,249 |  | 420,548 |  |

NET CURRENT ASSETS | 38,941,345 |  | 37,763,159 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 38,961,167 |  | 37,794,980 |  |

CAPITAL AND RESERVES

Called up share capital | 113 |  | 113 |  |

Retained earnings | 7 | 38,961,054 |  | 37,794,867 |  |

38,961,167 |  | 37,794,980 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 June 2026 and were signed on its behalf by:

Pascal Garcia - Director

V&P CAPITAL LTD (Registered number: 03843958)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| V&P CAPITAL 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.

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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Foreign currencies

| The company's functional currency is Euro.

| Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

€ |

| COST

| At 1 October 2024 | 31,821 |  |

| Disposals | (11,999 | ) |

| At 30 September 2025 | 19,822 |  |

| NET BOOK VALUE

| At 30 September 2025 | 19,822 |  |

| At 30 September 2024 | 31,821 |  |

V&P CAPITAL LTD (Registered number: 03843958)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | FIXED ASSET INVESTMENTS - continued

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| SAS V&P Immobilier

| Registered office: 2 Allee du Champ Neray 74 940 ANNECY France

| Nature of business: Property development

| %

| Class of shares: | holding |

| Ordinary | 99.96 |

| 30.9.25 |  | 30.9.24

€ | € |

| Aggregate capital and reserves | 145,249 |  | 126,948 |  |

| Profit for the year | 18,301 |  | 113,198 |  |

| SAS V&P Patrimoine

| Registered office: 4 Rue des Bouvieres 940 ANNECY France

| Nature of business: Property development

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 30.9.25 |  | 30.9.24

€ | € |

| Aggregate capital and reserves | (870,227 | ) | (1,248,387 | ) |

| Profit/(loss) for the year | 378,159 |  | (648,069 | ) |

| SCCV La Villa Lola

| Registered office: 2 Allee du Champ Neray 74 940 ANNECY France

| Nature of business: Holding company for development in France

| %

| Class of shares: | holding |

| Ordinary | 99.96 |

| 30.9.25 |  | 30.9.24

€ | € |

| Aggregate capital and reserves | (34 | ) | 242 |  |

| Loss for the year | (276 | ) | - |  |

| SCCV La Villa Elaia

| Registered office: 2 Allee du Champ Neray 74 940 ANNECY France

| Nature of business: Holding company for development in France

| %

| Class of shares: | holding |

| Ordinary | 99.86 |

| 30.9.25 |  | 30.9.24

€ | € |

| Aggregate capital and reserves | - |  | 550 |  |

| Profit for the year | - |  | 241,447 |  |

| The company was liquidated on 21 January 2025

V&P CAPITAL LTD (Registered number: 03843958)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | FIXED ASSET INVESTMENTS - continued

| SAS Parc Ile Roche

| Registered office: 2 Allee du Champ Neray 74 940 ANNECY France

| Nature of business: Real estate company in France

| %

| Class of shares: | holding |

| Ordinary | 99.90 |

| 30.9.25 |  | 30.9.24

€ | € |

| Aggregate capital and reserves | - |  | 37,028 |  |

| Profit for the year | - |  | 23,828 |  |

| The company was liquidated on 18 February 2025

5. | DEBTORS

| 30.9.25 |  | 30.9.24

€ | € |

| Amounts falling due within one year:

| Other debtors | 167,280 |  | 217,726 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 21,978,649 |  | 21,728,862 |  |

| Aggregate amounts | 22,145,929 |  | 21,946,588 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.25 |  | 30.9.24

€ | € |

| Taxation and social security | 371,132 |  | 404,798 |  |

| Other creditors | 6,117 |  | 15,750 |  |

377,249 |  | 420,548 |  |

7. | RESERVES

| Retained

| earnings

€ |

| At 1 October 2024 | 37,794,867 |  |

| Profit for the year | 1,166,187 |  |

| At 30 September 2025 | 38,961,054 |  |