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REGISTERED NUMBER: 08187607 (England and Wales)











Verdon Grey Limited

Financial Statements

for the Year Ended 31 December 2023






Verdon Grey Limited (Registered number: 08187607)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Verdon Grey Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P G W Wells





REGISTERED OFFICE: Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF





REGISTERED NUMBER: 08187607 (England and Wales)





AUDITORS: Haines Watts Tamworth Limited
Chartered Accountants and Statutory Auditors
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Verdon Grey Limited (Registered number: 08187607)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank - 1,669

CREDITORS
Amounts falling due within one year 4 1,781 40,098
NET CURRENT LIABILITIES (1,781 ) (38,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,781

)

(38,429

)

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings (1,782 ) (38,430 )
SHAREHOLDERS' FUNDS (1,781 ) (38,429 )

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 6 September 2024 and were signed by:





P G W Wells - Director


Verdon Grey Limited (Registered number: 08187607)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Verdon Grey 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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future. The company relies on support from its parent company in the form of an inter-company loan. Withdrawal of support, both financially and operationally, would result in cessation of operations or significant curtailment in activities. Parent company support has been confirmed for the next 12 months and wider group budgets and cash flow projections compiled which indicate the company & the group in which it operates has sufficient reserves to continue to trade. The directors believe that support afforded, careful cashflow considerations is sufficient upon which to adopt the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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 NIL (2022 - NIL).

Verdon Grey Limited (Registered number: 08187607)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 38,317
Other creditors 1,781 1,781
1,781 40,098

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Butler BA FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts Tamworth Limited

7. ULTIMATE CONTROLLING PARTY

The immediate parent company is BUK Limited, a company registered in England and Wales. The ultimate parent company is Thumos Capital Limited, a company incorporated in Cyprus. The group accounts of Thumos Capital Limited may be obtained from the Department of the Registrar of Companies and Official Receiver (D.E.G.O.R) of the Republic of Cyprus at Corner of Makarios Avenue and Karpenisiou Street, Nicosia 1427, Cyprus.