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REGISTERED NUMBER: 09590935 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

VERISMO CASA LIMITED

VERISMO CASA LIMITED (REGISTERED NUMBER: 09590935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VERISMO CASA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: K J Fensom





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: 09590935 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

VERISMO CASA LIMITED (REGISTERED NUMBER: 09590935)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 617,500 617,500

CURRENT ASSETS
Debtors 5 16,191 3,960
Cash at bank 1,949 16,352
18,140 20,312
CREDITORS
Amounts falling due within one year 6 (5,287 ) (3,438 )
NET CURRENT ASSETS 12,853 16,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,353

634,374

CREDITORS
Amounts falling due after more than one
year

7

(234,279

)

(234,279

)
NET ASSETS 396,074 400,095

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 (40,422 ) 31,134
Retained earnings 436,495 368,960
SHAREHOLDERS' FUNDS 396,074 400,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 director and authorised for issue on 1 September 2024 and were signed by:





K J Fensom - Director


VERISMO CASA LIMITED (REGISTERED NUMBER: 09590935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Verismo Casa 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents due for the period from the letting of investment property,

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.

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 617,500
NET BOOK VALUE
At 31 May 2024 617,500
At 31 May 2023 617,500

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2019 62,078
Valuation in 2020 30,000
Valuation in 2022 (110,000 )
Valuation in 2023 (22,500 )
Cost 657,922
617,500

VERISMO CASA LIMITED (REGISTERED NUMBER: 09590935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,960
Other debtors 16,191 -
16,191 3,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 4
Other creditors 5,287 3,434
5,287 3,438

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 234,279 234,279

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 234,279 234,279

Other loans represents a non interest bearing loan repayable on demand.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 234,279 234,279

The bank loan represents a 25 year interest only mortgage secured on the investment property owned by the company.

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023 31,134
Revaluation of property (71,556 )

At 31 May 2024 (40,422 )

VERISMO CASA LIMITED (REGISTERED NUMBER: 09590935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
K J Fensom
Balance outstanding at start of year (2,114 ) (1,802 )
Amounts advanced 23,000 -
Amounts repaid (5,312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,574 (2,114 )