REGISTERED NUMBER: 11380133 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

VSP88 Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Mr Viral Pala

REGISTERED OFFICE:

291B Melton Road

Leicestershire

LE4 7AN

REGISTERED NUMBER:

11380133 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Tangible assets

4

19,355,556

19,178,835

CURRENT ASSETS

Debtors

5

2,139,161

1,672,663

Cash at bank and in hand

25,164

18,890

2,164,325

1,691,553

CREDITORS

Amounts falling due within one year

6

6,130,679

7,977,325

NET CURRENT LIABILITIES

(3,966,354

)

(6,285,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,389,202

12,893,063

CREDITORS

Amounts falling due after more than one year

7

15,992,323

13,641,611

NET LIABILITIES

(603,121

)

(748,548

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(603,221

)

(748,648

)

SHAREHOLDERS' FUNDS

(603,121

)

(748,548

)

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

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

The director acknowledges his 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 director and authorised for issue on 5 August 2026 and were signed by:

Mr Viral Pala - Director

1.	STATUTORY INFORMATION

VSP88 Limited 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

18,993,868

184,967

19,178,835

Additions

-

410,643

410,643

Disposals

(233,922

)

-

(233,922

)

At 31 May 2025

18,759,946

595,610

19,355,556

NET BOOK VALUE

At 31 May 2025

18,759,946

595,610

19,355,556

At 31 May 2024

18,993,868

184,967

19,178,835

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

1,241,538

765,620

Amounts owed by group undertakings

862,475

862,475

Other debtors

35,148

44,568

2,139,161

1,672,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

473,648

549,137

Amounts owed to group undertakings

4,606,039

6,549,178

Taxation and social security

52,671

44,749

Other creditors

998,321

834,261

6,130,679

7,977,325

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

12,039,125

11,421,424

Other creditors

3,953,198

2,220,187

15,992,323

13,641,611

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................