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REGISTERED NUMBER: 00594688 (England and Wales)

| VERO LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 AUGUST 2025 |

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| VERO LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTOR: | Miss V C Verdon-Roe

| SECRETARY: | Miss V C Verdon-Roe

| REGISTERED OFFICE: | Vero Limited

| Greenaway Lane

| Warsash

| Southampton

| Hampshire

| SO31 9HT

| REGISTERED NUMBER: | 00594688 (England and Wales)

| ACCOUNTANTS: | Morris Crocker

| Chartered Accountants

| Lake House

| 2 Port Way

| Port Solent

| Portsmouth

| Hampshire

| PO6 4TY

| BANKERS: | Santander

| PO Box 382

| 21 Prescot Street

| London

| E1 8AD

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,147 |  | - |  |

Tangible assets | 5 | 1,816,459 |  | 1,727,489 |  |

1,817,606 |  | 1,727,489 |  |

CURRENT ASSETS

Debtors | 6 | 180,102 |  | 149,868 |  |

Cash at bank and in hand | 45,566 |  | 90,837 |  |

225,668 |  | 240,705 |  |

CREDITORS

Amounts falling due within one year | 7 | 186,084 |  | 221,532 |  |

NET CURRENT ASSETS | 39,584 |  | 19,173 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,857,190 |  | 1,746,662 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (157,519 | ) | (150,147 | ) |

PROVISIONS FOR LIABILITIES | 11 | (20,344 | ) | (11,787 | ) |

NET ASSETS | 1,679,327 |  | 1,584,728 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1,500 |  | 1,500 |  |

Revaluation reserve | 862,622 |  | 862,622 |  |

Capital redemption reserve | 500 |  | 500 |  |

Retained earnings | 814,705 |  | 720,106 |  |

SHAREHOLDERS' FUNDS | 1,679,327 |  | 1,584,728 |  |

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 her 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.

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

BALANCE SHEET - continued

31 AUGUST 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 14 April 2026 and were signed by:

Miss V C Verdon-Roe - Director

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Vero 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents amounts receivable for services, net of value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 10% on reducing balance and 5% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 33% on cost

| Financial instruments

| Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

| Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

| Taxation

| Taxation for the year 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.

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

| Unrelieved 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.

| Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Leased assets

| Assets sold to customers under hire purchase contracts are excluded from the fixed assets of the company and reported in the balance sheet as debtors due within or after one year for the amount expected to be received from those contracts. Receipts from hire purchase contracts contain a capital element which reduces the debtor, and an interest charge which is credited to revenue so as to give a constant return on funds invested in the contracts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2024 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| Additions | 1,275 |  |

| At 31 August 2025 | 1,275 |  |

| AMORTISATION

| Amortisation for year | 128 |  |

| At 31 August 2025 | 128 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1,147 |  |

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST OR VALUATION

| At 1 September 2024 | 1,977,327 |  | 39,148 |  | 10,122 |  |

| Additions | 84,595 |  | - |  | - |  |

| At 31 August 2025 | 2,061,922 |  | 39,148 |  | 10,122 |  |

| DEPRECIATION

| At 1 September 2024 | 275,695 |  | 36,686 |  | 3,831 |  |

| Charge for year | 31,985 |  | 616 |  | 1,258 |  |

| At 31 August 2025 | 307,680 |  | 37,302 |  | 5,089 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1,754,242 |  | 1,846 |  | 5,033 |  |

| At 31 August 2024 | 1,701,632 |  | 2,462 |  | 6,291 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 September 2024 | 40,500 |  | 14,977 |  | 2,082,074 |  |

| Additions | 51,728 |  | 991 |  | 137,314 |  |

| At 31 August 2025 | 92,228 |  | 15,968 |  | 2,219,388 |  |

| DEPRECIATION

| At 1 September 2024 | 24,700 |  | 13,673 |  | 354,585 |  |

| Charge for year | 13,506 |  | 979 |  | 48,344 |  |

| At 31 August 2025 | 38,206 |  | 14,652 |  | 402,929 |  |

| NET BOOK VALUE

| At 31 August 2025 | 54,022 |  | 1,316 |  | 1,816,459 |  |

| At 31 August 2024 | 15,800 |  | 1,304 |  | 1,727,489 |  |

| Cost or valuation at 31 August 2025 is represented by:

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| Valuation in 2006 | 876,965 |  | - |  | - |  |

| Cost | 1,184,957 |  | 39,148 |  | 10,122 |  |

2,061,922 |  | 39,148 |  | 10,122 |  |

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

5. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2006 | - |  | - |  | 876,965 |  |

| Cost | 92,228 |  | 15,968 |  | 1,342,423 |  |

92,228 |  | 15,968 |  | 2,219,388 |  |

| If freehold properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 606,304 |  | 606,304 |  |

| Freehold properties were valued on an open market basis on 31 October 2006 by Beals Independent Estate Agents .

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST OR VALUATION

| Additions | 51,728 |  |

| At 31 August 2025 | 51,728 |  |

| DEPRECIATION

| Charge for year | 10,346 |  |

| At 31 August 2025 | 10,346 |  |

| NET BOOK VALUE

| At 31 August 2025 | 41,382 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 45,301 |  | 32,152 |  |

| Other debtors | 134,801 |  | 117,716 |  |

180,102 |  | 149,868 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 39,923 |  | 37,548 |  |

| Hire purchase contracts (see note 9) | 4,027 |  | - |  |

| Trade creditors | 15,829 |  | 13,444 |  |

| Taxation and social security | 70,589 |  | 97,309 |  |

| Other creditors | 55,716 |  | 73,231 |  |

186,084 |  | 221,532 |  |

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 109,542 |  | 150,147 |  |

| Hire purchase contracts (see note 9) | 47,977 |  | - |  |

157,519 |  | 150,147 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 9,420 |  | - |  |

| Between one and five years | 55,020 |  | - |  |

64,440 |  | - |  |

| Finance charges repayable:

| Within one year | 5,393 |  | - |  |

| Between one and five years | 7,043 |  | - |  |

12,436 |  | - |  |

| Net obligations repayable:

| Within one year | 4,027 |  | - |  |

| Between one and five years | 47,977 |  | - |  |

52,004 |  | - |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 149,465 |  | 187,695 |  |

| Hire purchase contracts | 52,004 |  | - |  |

201,469 |  | 187,695 |  |

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 20,344 |  | 11,787 |  |

| VERO LIMITED (REGISTERED NUMBER: 00594688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

11. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 September 2024 | 11,787 |  |

| Accelerated capital allowances | 8,557 |  |

| Balance at 31 August 2025 | 20,344 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,500 | Ordinary A | £1 | 1,500 |  | 1,500 |  |

13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025 | 2024 |

£ | £ |

| Miss V C Verdon-Roe

| Balance outstanding at start of year | 97,545 |  | 65,153 |  |

| Amounts advanced | 95,374 |  | 107,704 |  |

| Amounts repaid | (75,312 | ) | (75,312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 117,607 |  | 97,545 |  |

14. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Miss V C Verdon-Roe.