REGISTERED NUMBER: 08614219 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Verzon Country House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K J Chase

W L Chase

REGISTERED OFFICE:

Laddin Farm

Little Marcle

Ledbury

Herefordshire

HR8 2LB

REGISTERED NUMBER:

08614219 (England and Wales)

ACCOUNTANTS:

Brockhurst Davies Limited

11 The Office Village

North Road

Loughborough

Leicestershire

LE11 1QJ

FIXED ASSETS

Tangible assets

4

990,561

1,039,284

CURRENT ASSETS

Stocks

28,781

39,955

Debtors

5

38,837

29,536

Cash at bank and in hand

10,575

13,028

78,193

82,519

CREDITORS

Amounts falling due within one year

6

1,652,015

1,054,227

NET CURRENT LIABILITIES

(1,573,822

)

(971,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(583,261

)

67,576

CREDITORS

Amounts falling due after more than one year

7

1,551,490

2,047,014

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,134,851

)

(1,979,538

)

SHAREHOLDERS' FUNDS

(2,134,751

)

(1,979,438

)

(583,261

)

67,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 18 December 2025 and were signed on its behalf by:

Mrs K J Chase - Director

1.	STATUTORY INFORMATION

The Verzon Country House 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

Accounting convention

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 financial statements have been prepared on a going concern basis. The company has net liabilities of £2,134,9478, however, the director is satisfied that the business will continue to meet liabilities as they fall due. The director, KJ Chase who is owed £1,537,490 in her loan account, has expressed her commitment to support the business for the foreseeable future.

Based on the above, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the support of the directors is not provided.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Buildings

2% straight line

Property improvements

7% straight line

Plant and machinery

25% straight line

Fixtures and fittings

15% straight line

Freehold land is not depreciated.

Stocks

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

Basic financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

COST

At 1 January 2024

1,016,950

183,312

46,461

Additions

-

-

-

At 31 December 2024

1,016,950

183,312

46,461

DEPRECIATION

At 1 January 2024

180,615

79,185

46,461

Charge for year

17,339

12,831

-

At 31 December 2024

197,954

92,016

46,461

NET BOOK VALUE

At 31 December 2024

818,996

91,296

-

At 31 December 2023

836,335

104,127

-

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

350,356

16,867

1,613,946

Additions

22,870

-

22,870

At 31 December 2024

373,226

16,867

1,636,816

DEPRECIATION

At 1 January 2024

251,729

16,672

574,662

Charge for year

41,423

-

71,593

At 31 December 2024

293,152

16,672

646,255

NET BOOK VALUE

At 31 December 2024

80,074

195

990,561

At 31 December 2023

98,627

195

1,039,284

Included in cost of land and buildings is freehold land of £ 150,000 (2023 - £ 150,000 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

37,569

28,423

Other debtors

1,268

1,113

38,837

29,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans

27,675

18,568

Trade creditors

62,088

61,643

Taxation and social security

31,227

24,784

Other creditors

1,531,025

949,232

1,652,015

1,054,227

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

14,000

450,693

Directors loan account

1,537,490

1,596,321

1,551,490

2,047,014

The directors loan account of £1,537,490 (2023: £1,596,321) is due to Mrs K J Chase, a director. The amount is unsecured and interest free and the director has indicated she will not seek repayment within the next 12 months.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

41,675

469,261

The loan is secured on the property.