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REGISTERED NUMBER: 14319181 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Verity Space Limited

Verity Space Limited (Registered number: 14319181)

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Verity Space Limited

Company Information

for the Year Ended 31 August 2025

| DIRECTOR: | Mr O Alakija

| SECRETARY: | Cornhill Services Limited

| REGISTERED OFFICE: | Monomark House

| 27 Old Gloucester Street

| London

| WC1N 3AX

| REGISTERED NUMBER: | 14319181 (England and Wales)

| ACCOUNTANTS: | ILS Fiduciaries (IOM) Limited

| First Floor, Millennium House

| Victoria Road, Douglas

| Isle of Man

| IM2 4RW

Verity Space Limited (Registered number: 14319181)

Balance Sheet

31 August 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 3,631,553 |  | 3,472,237 |  |

CURRENT ASSETS

Debtors | 5 | 2,739 |  | 2,067 |  |

Cash at bank | 166 |  | 120,235 |  |

2,905 |  | 122,302 |  |

CREDITORS

Amounts falling due within one year | 6 | 20,211 |  | 19,047 |  |

NET CURRENT (LIABILITIES)/ASSETS | (17,306 | ) | 103,255 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,614,247 |  | 3,575,492 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 18 |  | 15 |  |

Share premium | 8 | 3,662,758 |  | 3,609,799 |  |

Retained earnings | 8 | (48,529 | ) | (34,322 | ) |

SHAREHOLDERS' FUNDS | 3,614,247 |  | 3,575,492 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 27 March 2026 and were signed by:

Mr O Alakija - Director

Verity Space Limited (Registered number: 14319181)

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Verity Space 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.

| Investment property

| The investment property is currently shown at the original cost, including all costs of acquisition and renovation costs to date. Once the renovation project is completed, the property will be accounted for under the revaluation method and revalued annually at market value.

| Financial instruments

| The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from or to banks and related parties. Debt instruments that are payable or receivable within one year (typically loans, trade debtors and creditors) or that bear interest at a commercial rate and are payable or receivable after more than one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid. Basic financial instruments that are due after one year or financed at a rate of interest that is not at market rate should be measured at amortised cost. The amortised cost has not been calculated. This policy deviates from the requirements of Section 11 of FRS102, however under Section 1A of FRS102 the company is not required to apply section 11 unless it were to prevent the financial statements from giving a true and fair view of the financial position and profit and loss of the entity for the reporting period. The director has determined that the deviation from the standard will not materially affect the financial statements and therefore have opted not to calculate and disclose financial instruments at amortised cost.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2024 | 3,472,237 |  |

| Renovation costs | 159,316 |  |

| At 31 August 2025 | 3,631,553 |  |

| NET BOOK VALUE

| At 31 August 2025 | 3,631,553 |  |

| At 31 August 2024 | 3,472,237 |  |

| The investment property is 33 Caithness Road, Hammersmith, London W14 0JA.

Verity Space Limited (Registered number: 14319181)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

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

2025 | 2024 |

£ | £ |

| Sundry debtors | 289 |  | 289 |  |

| Prepayments | 2,449 |  | 1,777 |  |

| Called up share capital not paid | 1 |  | 1 |  |

2,739 |  | 2,067 |  |

| Sundry debtors are made up of an overpayment of council tax and are unsecured and interest-free.

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

2025 | 2024 |

£ | £ |

| Trade creditors | 3,541 |  | 5,861 |  |

| Directors' loan accounts | 14,390 |  | 10,246 |  |

| Accruals | 2,280 |  | 2,940 |  |

20,211 |  | 19,047 |  |

| The loan from the director is unsecured, interest free and without a specified repayment date.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 18 | Ordinary | £1 | 18 |  | 15 |  |

| 3 Ordinary shares of £1 each were allotted as fully paid at a premium of 17652 per share during the year.

8. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 September 2024 | (34,322 | ) | 3,609,799 |  | 3,575,477 |  |

| Deficit for the year | (14,207 | ) | (14,207 | ) |

| Cash share issue | - |  | 52,959 |  | 52,959 |  |

| At 31 August 2025 | (48,529 | ) | 3,662,758 |  | 3,614,229 |  |

Verity Space Limited (Registered number: 14319181)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

9. | RELATED PARTY DISCLOSURES

| Mr O Alakija

| Director/Beneficial owner

| Mr Alakija paid a number of invoices on the company's behalf in the current and preceding years.

2025 | 2024 |

£ | £ |

| Amount due to related party at the balance sheet date | 14,390 |  | 10,246 |  |

10. | POST BALANCE SHEET EVENTS

| The effect of events relating to the year ended 31 August 2025 which occurred before the date of approval of the financial statements by the director, has been included to the extent required to show a true and fair view of the state of affairs at 31 August 2025 and of the results of the year ended on that date.