Vertpaint Holdings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15463842 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 4 FEBRUARY 2024 TO 31 MAY 2025

FOR

VERTPAINT HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J I Macleod

Mr M Price

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

15463842 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Investments

4

121

CURRENT ASSETS

Debtors

5

1,562,576

Cash at bank

286

1,562,862

CREDITORS

Amounts falling due within one year

6

1,244

NET CURRENT ASSETS

1,561,618

TOTAL ASSETS LESS CURRENT LIABILITIES

1,561,739

CAPITAL AND RESERVES

Called up share capital

400

Share premium

1,559,840

Retained earnings

1,499

SHAREHOLDERS' FUNDS

1,561,739

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr J I Macleod - Director

1.	STATUTORY INFORMATION

Vertpaint 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 4 February 2024

and 31 May 2025

121

NET BOOK VALUE

At 31 May 2025

121

At 3 February 2024

121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by associates

1,095,862

Other debtors

466,714

1,562,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

173

Accrued expenses

1,071

1,244

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2025:

£

Mr J I Macleod

Balance outstanding at start of period

120

Amounts advanced

6,297

Amounts repaid

(6,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(83

)

Mrs H G Macleod

Balance outstanding at start of period

-

Amounts advanced

12,410

Amounts repaid

(12,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(90

)

8.	RELATED PARTY DISCLOSURES

During the period, total dividends of £19,000 were paid to the directors .

During the period, Dividends of £100,000 were paid to the Shareholders.

During the period, the company lent to Vertpaint Games Ltd, an amount of £1,095,862. The amount owing to the company relating to this loan at the period end is £1,095,862. The loan is unsecured, interest free and repayable on demand.