Versapak Property Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07555869 (England and Wales)

VERSAPAK PROPERTY SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 31 DECEMBER 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

C G Napthine

R P Napthine

REGISTERED OFFICE:

Aspen House

Stephenson Road

Colchester

Essex

CO4 9QR

REGISTERED NUMBER:

07555869 (England and Wales)

AUDITORS:

Berringers LLP

Chartered Accountants

and Statutory Auditors

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

-

1,819,941

CURRENT ASSETS

Debtors

5

1,822,101

12,101

Cash at bank

50

37,008

1,822,151

49,109

CREDITORS

Amounts falling due within one year

6

464,869

330,194

NET CURRENT ASSETS/(LIABILITIES)

1,357,282

(281,085

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,282

1,538,856

PROVISIONS FOR LIABILITIES

-

204,609

NET ASSETS

1,357,282

1,334,247

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

7

-

796,811

Retained earnings

1,357,182

537,336

SHAREHOLDERS' FUNDS

1,357,282

1,334,247

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 23 December 2025 and were signed on its behalf by:

C G Napthine - Director

1.	STATUTORY INFORMATION

Versapak Property Services 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.

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.

Going concern

The directors have reviewed the post year end financial information available at the time of approving these financial statements and have concluded that the financial statements should be prepared on a going concern basis.

Tangible fixed assets

The directors have reviewed the useful economic life of the long leasehold property, as required by FRS 102, and concluded the property has been maintained to a standard that precludes the need for depreciation as the estimated residual value of the property is not materially different from the carrying amount.

Taxation

Taxation for the period 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 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 (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Long

leasehold

£

COST

At 1 September 2023

1,819,941

Disposals

(1,819,941

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 August 2023

1,819,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

1,822,000

12,000

Other debtors

101

1,822,101

12,101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

293,651

329,194

Taxation and social security

170,218

-

Other creditors

1,000

464,869

330,194

7.

RESERVES

Fair

value

reserve

£

At 1 September 2023

796,811

Revaluation movement

(796,811

)

At 31 December 2024

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc ACA FCCA (Senior Statutory Auditor)

for and on behalf of Berringers LLP

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.