| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2025 |
| for |
| Vertical Realties Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2025 |
| for |
| Vertical Realties Limited |
| Vertical Realties Limited (Registered number: 11213580) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Vertical Realties Limited |
| Company Information |
| for the Year Ended 28 February 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Roland House |
| Princes Dock Street |
| Hull |
| HU1 2LD |
| Vertical Realties Limited (Registered number: 11213580) |
| Balance Sheet |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the director and authorised for issue on |
| Vertical Realties Limited (Registered number: 11213580) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2025 |
| 1. | STATUTORY INFORMATION |
| Vertical Realties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors intend to carry out an orderly closure of the company. The accounts have therefore been prepared on the break up basis. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Investments |
| Investments are recognized in the balance sheet at their original cost plus/minus any exchange rate differences. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 March 2024 |
| Disposals | ( |
) |
| At 28 February 2025 |
| PROVISIONS |
| At 1 March 2024 | 8,170 |
| Eliminated on disposal | (8,170 | ) |
| At 28 February 2025 | - |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| Vertical Realties Limited (Registered number: 11213580) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | 1000 | 1,000 | 1,000 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 March 2024 | ( |
) |
| Deficit for the year | ( |
) |
| At 28 February 2025 | ( |
) |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| At 28 February 2025 the Company owed the director, G Schneider £NIL (2024 - £10,458). This loan was repaid during the year. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The parent company of Vertical Realties Limited is Avatargen Ltd. |
| The ultimate controlling party is M Vasile. |