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REGISTERED NUMBER: 07795479 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

VERTICUS LTD

VERTICUS LTD (REGISTERED NUMBER: 07795479)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERTICUS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Dr K M Boden





REGISTERED OFFICE: 1 Highlands Road
Reigate
Surrey
RH2 0LA





REGISTERED NUMBER: 07795479 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

VERTICUS LTD (REGISTERED NUMBER: 07795479)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,700 9,700
Investments 5 311,589 311,589
Investment property 6 2,550,970 2,550,970
2,872,259 2,872,259

CURRENT ASSETS
Debtors 7 174,979 174,979
Cash at bank 32,847 42,758
207,826 217,737
CREDITORS
Amounts falling due within one year 8 25,907 25,651
NET CURRENT ASSETS 181,919 192,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,054,178

3,064,345

CREDITORS
Amounts falling due after more than one
year

9

2,693,741

2,414,812
NET ASSETS 360,437 649,533

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 360,377 649,473
360,437 649,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VERTICUS LTD (REGISTERED NUMBER: 07795479)

BALANCE SHEET - continued
31 AUGUST 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Dr K M Boden - Director


VERTICUS LTD (REGISTERED NUMBER: 07795479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Verticus Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - in accordance with the property

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

VERTICUS LTD (REGISTERED NUMBER: 07795479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 September 2022
and 31 August 2023 9,800
DEPRECIATION
At 1 September 2022
and 31 August 2023 100
NET BOOK VALUE
At 31 August 2023 9,700
At 31 August 2022 9,700

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 311,586 3 311,589
NET BOOK VALUE
At 31 August 2023 311,586 3 311,589
At 31 August 2022 311,586 3 311,589

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 2,550,970
NET BOOK VALUE
At 31 August 2023 2,550,970
At 31 August 2022 2,550,970

The director considers the value of the investment properties at the year end to be £2,550,970.
The cost of the investment properties is £2,550,970.

VERTICUS LTD (REGISTERED NUMBER: 07795479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 174,979 174,979

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,072 21,072
Taxation and social security 802 802
Other creditors 4,033 3,777
25,907 25,651

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 70,446 191,517
Other creditors 2,623,295 2,223,295
2,693,741 2,414,812

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 91,518 212,589

Bank loans are secured by a fixed and floating charge over the assets of the company.