Veks Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11733288

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	3		207,774		207,774

			207,774		207,774
CURRENT ASSETS
Cash at bank and in hand		8,737		3,292

		8,737		3,292
Creditors: Amounts Falling Due Within One Year	4	(141,858 )		(144,811 )

NET CURRENT ASSETS (LIABILITIES)			(133,121 )		(141,519 )

TOTAL ASSETS LESS CURRENT LIABILITIES			74,653		66,255

Creditors: Amounts Falling Due After More Than One Year	5		(60,000 )		(60,000 )

NET ASSETS			14,653		6,255

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			14,553		6,155

SHAREHOLDERS' FUNDS			14,653		6,255

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Veks Developments Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shantilal Patel

Director

3 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

1.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

1.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

3. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	207,774

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Veks Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	1,888	-
Other creditors	70,525	59,726
Accruals and deferred income	2,160	900
Director's loan account	39,755	56,655
Amounts owed to related parties	27,530	27,530

	141,858	144,811

5. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgage loan	60,000	60,000

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Related Party Transactions

Included in creditors is an amount of £27,530 payable to Veks Properties (UK) Ltd, a company owned by the director Mr S V Patel.

Included in creditors, falling due within one year is the amount of £39,755 (2024 - £56,655) payable to the director Mr S V Patel. The loan is interest free.

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