V7 Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11242450 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

V7 INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Z P Veasey

C J Hunt

M T Leach

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

11242450 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

CURRENT ASSETS

Debtors

4

436,370

123,370

Cash at bank

2,985

-

439,355

123,370

CREDITORS

Amounts falling due within one year

5

(1,923

)

(121,237

)

NET CURRENT ASSETS

437,432

2,133

TOTAL ASSETS LESS CURRENT LIABILITIES

437,432

2,133

CREDITORS

Amounts falling due after more than one year

6

(431,408

)

-

NET ASSETS

6,024

2,133

CAPITAL AND RESERVES

Called up share capital

7

300

300

Retained earnings

5,724

1,833

SHAREHOLDERS' FUNDS

6,024

2,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2021 and were signed on its behalf by:

Z P Veasey - Director

1.	STATUTORY INFORMATION

V7 Investments 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

436,370

123,370

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Taxation and social security

1,143

395

Other creditors

780

120,842

1,923

121,237

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Other creditors

431,408

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

100

Ordinary-A

£1

100

100

100

Ordinary-B

£1

100

100

100

Ordinary-C

£1

100

100

300

300

8.	RELATED PARTY DISCLOSURES

V7 AM Ltd (hereafter "VAL"), V7 Cap1 (Bristol) Ltd ("VC1 (B)L") and V7 Cap2 (Bristol) Limited ("VC2 (B)L") have directors in common with the company and are therefore considered to be related parties. In addition V7 Investments Limited is a member of V7 Cap1 LLP ("VCL") therefore that entity is also considered to be a related party.

During the year under review VAL advanced the sum of £311,346 (2020: £120,062) to the company. At the balance sheet date the company owed VAL £431,408 (2020: £120,062).

Also during the year the company advanced the sum of £307,000 (2020: £nil) to VC2 (B)L, which was still outstanding at the balance sheet date.

At the balance sheet date the company was owed £60,000 (2020: £60,000) by VC1 (B)L and £60,000 (2020: £60,000) by VCL. Interest of £6,000 (2020: £3,070) was charged on the VC1 (B)L loan during the year under review.