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REGISTERED NUMBER: 09370977 (England and Wales)
















Verifly Holdings Ltd

Unaudited Financial Statements

for the Year Ended 22nd December 2024






Verifly Holdings Ltd (Registered number: 09370977)






Contents of the Financial Statements
for the Year Ended 22nd December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Verifly Holdings Ltd

Company Information
for the Year Ended 22nd December 2024







Directors: Mr Mark W. Lange
Ms Regan A. Shulman
Mr Jaishan Rajendra





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 09370977 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Verifly Holdings Ltd (Registered number: 09370977)

Statement of Financial Position
22nd December 2024

2024 2023
Notes $    $    $   
Fixed assets
Investments 4 - 11

Current assets
Debtors 5 - 9,000,000
Cash at bank - 739,915
- 9,739,915
Creditors
Amounts falling due within one year 6 - 110,315
Net current assets - 9,629,600
Total assets less current liabilities - 9,629,611

Capital and reserves
Called up share capital 1 11,087
Share premium - 56,887,324
Capital redemption reserve 11,089 3
Retained earnings (11,090 ) (47,268,803 )
- 9,629,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 22nd December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 22nd December 2024 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 1st May 2025 and were signed on its behalf by:





Mr Mark W. Lange - Director


Verifly Holdings Ltd (Registered number: 09370977)

Notes to the Financial Statements
for the Year Ended 22nd December 2024

1. Statutory information

Verifly Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 8 ) .

4. Fixed asset investments
Shares in
group
undertakings
$   
Cost
At 23rd December 2023 11
Disposals (11 )
At 22nd December 2024 -
Net book value
At 22nd December 2024 -
At 22nd December 2023 11

Verifly Holdings Ltd (Registered number: 09370977)

Notes to the Financial Statements - continued
for the Year Ended 22nd December 2024

5. Debtors: amounts falling due within one year
2024 2023
$    $   
Other debtors - 9,000,000

6. Creditors: amounts falling due within one year
2024 2023
$    $   
Trade creditors - 179
Taxation and social security - 99,379
Other creditors - 10,757
- 110,315