London Velo Ltd

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

Registered number: 09100746

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		48,626		-

			48,626		-
CURRENT ASSETS
Debtors	5	35,000		-
Cash at bank and in hand		19,202		-

		54,202		-
Creditors: Amounts Falling Due Within One Year	6	(439,655 )		(333,704 )

NET CURRENT ASSETS (LIABILITIES)			(385,453 )		(333,704 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(336,827 )		(333,704 )

NET LIABILITIES			(336,827 )		(333,704 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(336,927 )		(333,804 )

SHAREHOLDERS' FUNDS			(336,827)		(333,704)

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London Velo Ltd

Balance Sheet (continued)

As At 24 December 2025

For the year ending 24 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 directors acknowledge their 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 S J McMillan

Director

28/10/2026

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

1. General Information

London Velo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09100746 . The registered office is Unit 7, Mulberry Place, Pinnell Road, Eltham, London, SE9 6AR.

2. Accounting Policies

2.1. 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.

2.2. 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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

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

4. Investments

	Listed
	£
Cost or Valuation
As at 26 December 2024	-
Additions	48,626

As at 24 December 2025	48,626

Provision
As at 26 December 2024	-

As at 24 December 2025	-

Net Book Value
As at 24 December 2025	48,626

As at 26 December 2024	-

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London Velo Ltd

Notes to the Financial Statements (continued)

For The Year Ended 24 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	35,000	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	44,250	-
Accruals and deferred income	1,200	-
Directors' loan accounts	394,205	333,704

	439,655	333,704

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
50 Ordinary A shares of £ 1.00 each	50	50
50 Ordinary B shares of £ 1.00 each	50	50

	100	100

8. Directors Advances, Credits and Guarantees

At the year end, the company owed Mr S J McMillan £394,205 (2024: £333,704). This balance is within other creditors.

The above loan is interest free and repayable on demand.

9. Reserves

	2025	2024
	£	£
At 26 December 2024	(333,804)	(333,804)
Loss for the year	(3,123)	-

At 24 December 2025	(336,927)	(333,804)

10. Related Party Transactions

SE8 Holdings Ltd

SE8 Holdings Ltd is registered in England and Wales, and the company registration number is 13449914.

A company of which Mr S J McMillan and Mrs S McMillan are directors and shareholders.

At the year end, the company owed SE8 Holding Ltd a total of £44,250 (2024: £Nil). This balance is within other creditors.

The above loan is interest free and repayable on demand.

11. Controlling Party

The company's controlling party is Mr S J McMillan by virtue of his control in the company.

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