Company registration number 08632507 (England and Wales)
Volt Property Management
Unaudited Financial Statements
For the year ended 31 July 2025
Volt Property Management
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Volt Property Management
Statement Of Financial Position
As at 31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
34,264
34,744
Current assets
Debtors
4
1,231
Cash at bank and in hand
8,900
19,215
10,131
19,215
Creditors: amounts falling due within one year
5
(44,388)
(53,952)
Net current liabilities
(34,257)
(34,737)
Net assets
7
7
Capital and reserves
Called up share capital
7
7
For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
N R Kapur
Director
Company registration number 08632507 (England and Wales)
Volt Property Management
Notes to the financial statements
For the year ended 31 July 2025
- 2 -
1
Accounting policies
Company information
Volt Property Management is a private company limited by shares incorporated in England and Wales. The registered office is Douglas House, 117 Foregate Street, Chester, Cheshire, England, CH1 1HE.
1.1
Basis of preparation
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.
The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Revenue
Revenue represents service charges receivable.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings
not provided
Leasehold improvements
25% on reducing balance
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Volt Property Management
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
32,820
16,686
49,506
Depreciation and impairment
At 1 August 2024
14,762
14,762
Depreciation charged in the year
480
480
At 31 July 2025
15,242
15,242
Carrying amount
At 31 July 2025
32,820
1,444
34,264
At 31 July 2024
32,820
1,924
34,744
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,231
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,551
1,564
Other creditors
42,837
52,388
44,388
53,952