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

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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

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

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