Company Registration No. 11080723 (England and Wales)
Virtual Projects Limited
Unaudited Financial Statements
for the year ended 31 December 2025
Virtual Projects Limited
Unaudited Financial Statements
Contents
Virtual Projects Limited
Company Information
for the year ended 31 December 2025
Director
Mr Mohamed Hussein
Company Number
11080723 (England and Wales)
Registered Office
6th Floor
2 Kingdom Street
London
W2 6BD
United Kingdom
Accountants
Fabaci Financial Ltd
30 Ebbett Court
Victoria Road
London
W3 6BW
Virtual Projects Limited
Statement of financial position
as at 31 December 2025
Tangible assets
2,687
1,769
Cash at bank and in hand
13,383
49,773
Creditors: amounts falling due within one year
(99,062)
(14,575)
Net current assets
38,857
110,430
Called up share capital
1
1
Profit and loss account
41,543
112,198
Shareholders' funds
41,544
112,199
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2026 and were signed on its behalf by
Mr Mohamed Hussein
Director
Company Registration No. 11080723
Virtual Projects Limited
Notes to the Accounts
for the year ended 31 December 2025
Virtual Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 11080723. The registered office is 6th Floor, 2 Kingdom Street, London, W2 6BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in GBP sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Years - Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Virtual Projects Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Computer equipment
At 31 December 2025
12,807
At 31 December 2025
10,120
Amounts falling due within one year
Trade debtors
124,536
72,024
Accrued income and prepayments
-
2,326
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
14,961
1,201
Taxes and social security
5,527
763
Other creditors
40,506
1,014
Loans from directors
32,363
2,370
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).