IRIS Accounts Production v25.2.0.378 02249086 Board of Directors 26.12.23 25.12.24 25.12.24 false true false false true false 'A' Ordinary 1.00000 'B' Ordinary 1.00000 'C' Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02249086 2023-12-25 02249086 2024-12-25 02249086 2023-12-26 2024-12-25 02249086 2022-12-25 02249086 2022-12-26 2023-12-25 02249086 2023-12-25 02249086 ns15:EnglandWales 2023-12-26 2024-12-25 02249086 ns14:PoundSterling 2023-12-26 2024-12-25 02249086 ns10:Director1 2023-12-26 2024-12-25 02249086 ns10:PrivateLimitedCompanyLtd 2023-12-26 2024-12-25 02249086 ns10:SmallEntities 2023-12-26 2024-12-25 02249086 ns10:AuditExempt-NoAccountantsReport 2023-12-26 2024-12-25 02249086 ns10:SmallCompaniesRegimeForDirectorsReport 2023-12-26 2024-12-25 02249086 ns10:SmallCompaniesRegimeForAccounts 2023-12-26 2024-12-25 02249086 ns10:FullAccounts 2023-12-26 2024-12-25 02249086 ns10:OrdinaryShareClass1 2023-12-26 2024-12-25 02249086 ns10:OrdinaryShareClass2 2023-12-26 2024-12-25 02249086 ns10:OrdinaryShareClass3 2023-12-26 2024-12-25 02249086 ns10:Director3 2023-12-26 2024-12-25 02249086 ns10:Director5 2023-12-26 2024-12-25 02249086 ns10:Director6 2023-12-26 2024-12-25 02249086 ns10:RegisteredOffice 2023-12-26 2024-12-25 02249086 ns5:CurrentFinancialInstruments 2024-12-25 02249086 ns5:CurrentFinancialInstruments 2023-12-25 02249086 ns5:Non-currentFinancialInstruments 2024-12-25 02249086 ns5:Non-currentFinancialInstruments 2023-12-25 02249086 ns5:ShareCapital 2024-12-25 02249086 ns5:ShareCapital 2023-12-25 02249086 ns5:RetainedEarningsAccumulatedLosses 2024-12-25 02249086 ns5:RetainedEarningsAccumulatedLosses 2023-12-25 02249086 ns5:LandBuildings 2023-12-25 02249086 ns5:LandBuildings 2024-12-25 02249086 ns5:LandBuildings 2023-12-25 02249086 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-25 02249086 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-25 02249086 ns10:OrdinaryShareClass1 2024-12-25 02249086 ns10:OrdinaryShareClass2 2024-12-25 02249086 ns10:OrdinaryShareClass3 2024-12-25

REGISTERED NUMBER: 02249086 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 25 DECEMBER 2024 |

| FOR |

| VERIC RESIDENTS LIMITED |

VERIC RESIDENTS LIMITED (REGISTERED NUMBER: 02249086)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

VERIC RESIDENTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 25 DECEMBER 2024

| DIRECTORS: | R C Satchell

| M A Luxumburg-Chalon

| L G I Brida

| O R Gatting

| REGISTERED OFFICE: | Pavilion View

| 19 New Road

| Brighton

| East Sussex

| BN1 1EY

| REGISTERED NUMBER: | 02249086 (England and Wales)

| ACCOUNTANTS: | Hartley Fowler LLP

| Chartered Accountants

| Pavilion View

| 19 New Road

| Brighton

| East Sussex

| BN1 1EY

VERIC RESIDENTS LIMITED (REGISTERED NUMBER: 02249086)

BALANCE SHEET

25 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 14,587 |  | 14,587 |  |

CURRENT ASSETS

Debtors | 5 | 6,407 |  | 6,198 |  |

CREDITORS

Amounts falling due within one year | 6 | 9,134 |  | 9,383 |  |

NET CURRENT LIABILITIES | (2,727 | ) | (3,185 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,860 |  | 11,402 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 10,000 |  | 10,000 |  |

NET ASSETS | 1,860 |  | 1,402 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 43 |  | 43 |  |

Retained earnings | 1,817 |  | 1,359 |  |

SHAREHOLDERS' FUNDS | 1,860 |  | 1,402 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 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 28 August 2025 and were signed on its behalf by:

M A Luxumburg-Chalon - Director

VERIC RESIDENTS LIMITED (REGISTERED NUMBER: 02249086)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 DECEMBER 2024

1. | STATUTORY INFORMATION

| Veric Residents 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.

| Turnover

| Revenue is measured at fair value of the consideration received or receivable. Revenue is the total amount receivable by the company for ground rents and rental of storage cupboards and is recognised on the date it falls due.

| Tangible fixed assets

| Freehold land and buildings are not depreciated. The buildings are maintained in their existing condition on behalf of the residents from the residents' maintenance fund to which expenditures are charged as they arise.

| 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.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

VERIC RESIDENTS LIMITED (REGISTERED NUMBER: 02249086)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 25 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST

| At 26 December 2023

| and 25 December 2024 | 14,587 |  |

| NET BOOK VALUE

| At 25 December 2024 | 14,587 |  |

| At 25 December 2023 | 14,587 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Ground rent outstanding | 173 |  | 76 |  |

| Due from managing agent | 6,234 |  | 6,122 |  |

6,407 |  | 6,198 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Corporation tax | - |  | 135 |  |

| Other creditors | 60 |  | - |  |

| Due to maintenance account | 5,424 |  | 8,115 |  |

| Accrued expenses | 3,650 |  | 1,133 |  |

9,134 |  | 9,383 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other creditors | 10,000 |  | 10,000 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 6 | 'A' Ordinary | 1 | 6 |  | 6 |  |

| 35 | 'B' Ordinary | 1 | 35 |  | 35 |  |

| 2 | 'C' Ordinary | 1 | 2 |  | 2 |  |

43 |  | 43 |  |