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Registered Number: 14161851


 

 

 

VERIFY PROPERTIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 32,185    32,185 
32,185    32,185 
Current assets      
Cash at bank and in hand 1,704    4,085 
Creditors: amount falling due within one year (35,029)   (36,749)
Net current assets (33,325)   (32,664)
 
Total assets less current liabilities (1,140)   (479)
Net assets (1,140)   (479)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (1,141)   (480)
Shareholders' funds (1,140)   (479)
 


For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 05 March 2025 and were signed by:


-------------------------------
Shuminara Begum CHAUDHURY
Director
1
General Information
VERIFY PROPERTIES LTD is a private company, limited by shares, registered in , registration number 14161851, registration address 145 CENTRAL DRIVE, BLACKPOOL ENGLAND, FY1 5EE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Staff Costs

2024   2023
 
Average number of employees during the year Number   Number
 

3.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
4.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 July 2023  
Additions  
Disposals  
At 30 June 2024  
Depreciation
At 01 July 2023  
Charge for year  
On disposals  
At 30 June 2024  
Net book values
Closing balance as at 30 June 2024  
Opening balance as at 01 July 2023  

The net book value of Land and Buildings includes £ 32,185 in respect of assets leased under finance leases or hire purchase contracts.

2