REGISTERED NUMBER: 09590935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

VERISMO CASA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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 Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

4

600,000

617,500

CURRENT ASSETS

Debtors

5

-

16,191

Cash at bank

21,622

1,949

21,622

18,140

CREDITORS

Amounts falling due within one year

6

(8,357

)

(5,287

)

NET CURRENT ASSETS

13,265

12,853

TOTAL ASSETS LESS CURRENT LIABILITIES

613,265

630,353

CREDITORS

Amounts falling due after more than one year

7

(234,279

)

(234,279

)

NET ASSETS

378,986

396,074

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

9

(57,922

)

(40,422

)

Retained earnings

436,907

436,495

SHAREHOLDERS' FUNDS

378,986

396,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 29 August 2025 and were signed by:

K J Fensom - Director

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 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

617,500

Revaluations

(17,500

)

At 31 May 2025

600,000

NET BOOK VALUE

At 31 May 2025

600,000

At 31 May 2024

617,500

Fair value at 31 May 2025 is represented by:

£

Valuation in 2019

62,078

Valuation in 2020

30,000

Valuation in 2022

(110,000

)

Valuation in 2023

(22,500

)

Valuation in 2025

(17,500

)

Cost

657,922

600,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

16,191

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

8,357

5,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

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:

2025

2024

£

£

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 2024

(40,422

)

Revaluation of property

(17,500

)

At 31 May 2025

(57,922

)