REGISTERED NUMBER: 12586574 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Velo Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S Sedgebear

Miss D M Wilkes

REGISTERED OFFICE:

Suite 2A

Blackthorn House

St Pauls Square

Birmingham

B3 1RL

REGISTERED NUMBER:

12586574 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

114

152

Investment property

5

300,000

97,610

300,114

97,762

CURRENT ASSETS

Debtors

6

37,968

78,479

Cash at bank

217,261

173,813

255,229

252,292

CREDITORS

Amounts falling due within one year

7

94,200

82,472

NET CURRENT ASSETS

161,029

169,820

TOTAL ASSETS LESS CURRENT LIABILITIES

461,143

267,582

PROVISIONS FOR LIABILITIES

8

10,169

-

NET ASSETS

450,974

267,582

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

30,506

-

Retained earnings

9

420,368

267,482

450,974

267,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2026 and were signed on its behalf by:

C S Sedgebear - Director

1.	STATUTORY INFORMATION

Velo Projects 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents sales of services excluding value added tax and is recognised in the period in which the services were provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is not depreciated but is revalued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve.

Deferred taxation

Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

353

1,297

1,650

DEPRECIATION

At 1 December 2024

201

1,297

1,498

Charge for year

38

-

38

At 30 November 2025

239

1,297

1,536

NET BOOK VALUE

At 30 November 2025

114

-

114

At 30 November 2024

152

-

152

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2024

97,610

Additions

161,715

Revaluations

40,675

At 30 November 2025

300,000

NET BOOK VALUE

At 30 November 2025

300,000

At 30 November 2024

97,610

Cost or valuation at 30 November 2025 is represented by:

£

Valuation in 2025

300,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

259,325

97,610

Investment property was valued on a fair value basis on 30 November 2025 by the Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,889

77,946

Prepayments

1,079

533

37,968

78,479

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

220

210

Tax

61,021

49,772

Social security and other taxes

31,859

29,346

Other creditors

-

2,095

Accrued expenses

1,100

1,049

94,200

82,472

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Other timing differences

10,169

-

Deferred

tax

£

Provided during year

10,169

Balance at 30 November 2025

10,169

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2024

267,482

-

267,482

Profit for the year

210,932

210,932

Dividends

(27,540

)

(27,540

)

Revaluation adjustment

(30,506

)

30,506

-

At 30 November 2025

420,368

30,506

450,874