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REGISTERED NUMBER: 09347588 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Verona Creative Limited

Verona Creative Limited (Registered number: 09347588)

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 5 |

Verona Creative Limited

Company Information

for the Year Ended 28 February 2025

| DIRECTOR: | C D Moyles

| REGISTERED OFFICE: | 33 Park Place

| 2nd Floor

| Leeds

| West Yorkshire

| LS1 2RY

| REGISTERED NUMBER: | 09347588 (England and Wales)

| ACCOUNTANTS: | Ford Campbell Freedman Limited

| Chartered accountants

| 2nd Floor

| 33 Park Place

| Leeds

| LS1 2RY

| BANKERS: | Coutts & Co

| 440 Strant

| London

| WC2R 0QS

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Verona Creative Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Verona Creative Limited for the year ended 28 February 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Verona Creative Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Verona Creative Limited and state those matters that we have agreed to state to the director of Verona Creative Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Verona Creative Limited and its director for our work or for this report.

It is your duty to ensure that Verona Creative Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Verona Creative Limited. You consider that Verona Creative Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Verona Creative Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

6 November 2025

Verona Creative Limited (Registered number: 09347588)

Statement of Financial Position

28 February 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 98,123 |  | 7,532 |  |

Investment property | 7 | 652,500 |  | 622,775 |  |

750,623 |  | 630,307 |  |

CURRENT ASSETS

Stocks | 7,186 |  | 6,144 |  |

Debtors | 8 | 208,193 |  | 150,978 |  |

Cash at bank | 1,719,568 |  | 1,975,401 |  |

1,934,947 |  | 2,132,523 |  |

CREDITORS

Amounts falling due within one year | 9 | 848,172 |  | 849,972 |  |

NET CURRENT ASSETS | 1,086,775 |  | 1,282,551 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,837,398 |  | 1,912,858 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (64,382 | ) | - |  |

PROVISIONS FOR LIABILITIES | (11,333 | ) | (7,680 | ) |

NET ASSETS | 1,761,683 |  | 1,905,178 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 33,999 |  | 23,040 |  |

Retained earnings | 1,727,584 |  | 1,882,038 |  |

1,761,683 |  | 1,905,178 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Verona Creative Limited (Registered number: 09347588)

Statement of Financial Position - continued

28 February 2025

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 5 November 2025 and were signed by:

C Moyles - Director

Verona Creative Limited (Registered number: 09347588)

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Verona Creative 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

| Going concern

| The financial statements have been prepared on the going concern basis. The company continues to rely on the support of its directors and shareholders. They have all maintained such support since the year end and the directors expect this to continue. Accordingly, the directors believe that it is appropriate to prepare the accounts on the going concern basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax.

| Intangible assets

| Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated impairment losses.

| Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

| Amortisation

| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Royalty Rights - 20% straight line

| If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Verona Creative Limited (Registered number: 09347588)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

3. | ACCOUNTING POLICIES - continued

| Tangible assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| Depreciation

| Depreciation is calculated so as to write off the cosy or valuation of an asset, less its residual value, over the useful economic life od that asset as follows:

| Equipment - 25% straight line

| Motor vehicles - 25% reducing balance

| Defined contribution plans

| Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

| When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

Verona Creative Limited (Registered number: 09347588)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

5. | INTANGIBLE FIXED ASSETS

Other |

intangible |

assets |

| £

| COST

| At 29 February 2024

| and 28 February 2025 | 1,000 |  |

| AMORTISATION

| At 29 February 2024

| and 28 February 2025 | 1,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 28 February 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

Motor | Computer |

vehicles | equipment | Totals |

| £ | £ | £

| COST

| At 29 February 2024 | - |  | 28,171 |  | 28,171 |  |

| Additions | 94,647 |  | 2,704 |  | 97,351 |  |

| At 28 February 2025 | 94,647 |  | 30,875 |  | 125,522 |  |

| DEPRECIATION

| At 29 February 2024 | - |  | 20,639 |  | 20,639 |  |

| Charge for year | 1,972 |  | 4,788 |  | 6,760 |  |

| At 28 February 2025 | 1,972 |  | 25,427 |  | 27,399 |  |

| NET BOOK VALUE

| At 28 February 2025 | 92,675 |  | 5,448 |  | 98,123 |  |

| At 28 February 2024 | - |  | 7,532 |  | 7,532 |  |

7. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 29 February 2024 | 622,775 |  |

| Additions | 15,113 |  |

| Revaluations | 14,612 |  |

| At 28 February 2025 | 652,500 |  |

| NET BOOK VALUE

| At 28 February 2025 | 652,500 |  |

| At 28 February 2024 | 622,775 |  |

Verona Creative Limited (Registered number: 09347588)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

7. | INVESTMENT PROPERTY - continued

| Fair value at 28 February 2025 is represented by:

| £

| Valuation in 2024 | 30,720 |  |

| Valuation in 2025 | 14,612 |  |

| Cost | 607,168 |  |

652,500 |  |

| The above investment properties are deemed to be at market value as at 28 February 2025 on an open market basis assessed by the directors using information provided by their letting agents.

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

2025 | 2024 |

| £ | £

| Trade debtors | 159,509 |  | 93,390 |  |

| Other debtors | 48,684 |  | 57,588 |  |

208,193 |  | 150,978 |  |

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

2025 | 2024 |

| £ | £

| Trade creditors | - |  | 759 |  |

| Taxation and social security | 98,248 |  | 68,024 |  |

| Other creditors | 749,924 |  | 781,189 |  |

848,172 |  | 849,972 |  |

| Hire purchase creditors of £19,207 (2024: £Nil), disclosed within other creditors, are secured against specific assets of the company.

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

2025 | 2024 |

| £ | £

| Other creditors | 64,382 |  | - |  |

| Hire purchase creditors of £64,382 (2024: £Nil), disclosed within other creditors, are secured against specific assets of the company.

11. | CONTROLLING PARTY

| The company was under the control of the managing director during the year.