Registration number: 06852558

V21 (UK) Limited

(Registration number: 06852558)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	270	672
Other financial assets	5	9,153	4,872
		9,423	5,544
Current assets
Debtors	6	19,848	20,306
Cash at bank and in hand		11,634	10,590
		31,482	30,896
Creditors: Amounts falling due within one year	7	(25,589)	(20,700)
Net current assets		5,893	10,196
Total assets less current liabilities		15,316	15,740
Creditors: Amounts falling due after more than one year	7	(11,146)	(14,398)
Net assets		4,170	1,342
Capital and reserves
Called up share capital		100	100
Other reserves		-	1,016
Profit and loss account		4,070	226
Shareholders' funds		4,170	1,342

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 7 October 2026 and signed on its behalf by:
 

......................................... Mr S R Deacon Director

V21 (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 7 The Groves, Chester, CH1 1SD, England.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

V21 (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.

Investments in equity shares and fixed asset investments which are not publicly traded and where fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.

Investments in equity shares and fixed asset investments which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

V21 (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2025	1,508	1,508
Disposals	(883)	(883)
At 31 March 2026	625	625
Depreciation
At 1 April 2025	836	836
Charge for the year	91	91
Eliminated on disposal	(572)	(572)
At 31 March 2026	355	355
Carrying amount
At 31 March 2026	270	270
At 31 March 2025	672	672

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	4,872	4,872
Fair value adjustments	(1,130)	(1,130)
Additions	8,040	8,040
Disposals	(2,629)	(2,629)
At 31 March 2026	9,153	9,153
Carrying amount
At 31 March 2026	9,153	9,153

V21 (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

	2026 £	2025 £
Trade debtors	18,786	14,804
Other debtors	1,062	5,502
	19,848	20,306

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Bank loans and overdrafts	8	3,252	3,172
Taxation and social security		17,339	15,658
Accruals and deferred income		1,960	1,870
Other creditors		3,038	-
		25,589	20,700

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Loans and borrowings	8	11,146	14,398

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	11,146	14,398

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	3,252	3,172

V21 (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £1,421 (2025 - £7,107). The commitment is in respect of a vehicle rental agreement and represents 3 months at £473.83 per month (2025 - 15 months at £473.83 per month).

10	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Mr S R Deacon
Director's Loan Account	(2,191)	(65,655)	70,884	3,038

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr S R Deacon
Director's Loan Account	8,894	(43,104)	32,019	(2,191)