Vrno Property Ltd

Vrno Property Ltd
Directors' Report
For the year ended 28 February 2026

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 28 February 2026

Principal activities

The company's principal activity during the year was buying and selling of own real estate, Other letting and operating of own or leased real estate and Management of real estate on a fee or contract basis.

Directors

The directors who served the company throughout the year were as follows:

Erica Vernon

Garfield Arnold Ricardo Vernon

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Erica Vernon
Director

Date approved: 23 April 2026

Vrno Property Ltd Accountants' Report For the year ended 28 February 2026
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vrno Property Ltd for the year ended 28 February 2026 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vrno Property Ltd for the year ended 28 February 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Vrno Property Ltd, as a body, in accordance with the terms of our engagement letter dated February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Vrno Property Ltd and state those matters that we have agreed to state to the Board of Directors of Vrno Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vrno Property Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Vrno Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vrno Property Ltd. You consider that Vrno Property Ltd 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 accounts of Vrno Property Ltd. 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 accounts 28 February 2026 .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough United Kingdom PE1 2DU 23 April 2026 3

Vrno Property Ltd
Accountants' Report
For the year ended 28 February 2026

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vrno Property Ltd for the year ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vrno Property Ltd for the year ended 28 February 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Vrno Property Ltd, as a body, in accordance with the terms of our engagement letter dated February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Vrno Property Ltd and state those matters that we have agreed to state to the Board of Directors of Vrno Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vrno Property Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vrno Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vrno Property Ltd. You consider that Vrno Property Ltd 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 accounts of Vrno Property Ltd. 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 accounts
28 February 2026

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
23 April 2026

Vrno Property Ltd
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	76,766	71,864
		76,766	71,864
Current assets
Debtors	4	147	3,679
Cash at bank and in hand		2,541	12,855
		2,688	16,534
Creditors: amount falling due within one year	5	(80,925)	(70,482)
Net current assets		(78,237)	(53,948)

Total assets less current liabilities		(1,471)	17,916
Creditors: amount falling due after more than one year	6	(44,932)	(44,983)
Accruals and deferred income		(402)	0
Provisions for liabilities	7	(1,280)	0
Net assets		(48,085)	(27,067)

Capital and reserves
Called up share capital	8	6	6
Undistributable Reserves	9	4,434	0
Profit and loss account		(52,525)	(27,073)
Shareholders' funds		(48,085)	(27,067)

For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 23 April 2026 and were signed on its behalf by:

-------------------------------
Erica Vernon
Director

Vrno Property Ltd
Notes to the Financial Statements
For the year ended 28 February 2026

General Information

Vrno Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13184047, registration address 6 Blenheim Court, Peppercorn Close, Peterborough, England, PE1 2DU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Computer Equipment	33% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees including directors Average number of employees during the year was 2 (2025 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Investment properties	Total
	£	£	£	£
At 01 March 2025	589	3,150	70,026	73,765
Additions	-	-	-	-
Disposals	-	-	-	-
Revaluations	-	-	5,474	5,474
At 28 February 2026	589	3,150	75,500	79,239
Depreciation
At 01 March 2025	317	1,585	-	1,902
Charge for year	55	516	-	571
On disposals	-	-	-	-
At 28 February 2026	372	2,101	-	2,473
Net book values
Closing balance as at 28 February 2026	217	1,049	75,500	76,766
Opening balance as at 01 March 2025	272	1,565	70,027	71,864

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	0	3,600
Prepayments & Accrued Income	147	79
	147	3,679

Creditors: amount falling due within one year

	2026 £	2025 £
Corporation Tax	0	4,129
PAYE & Social Security	70	0
Directors' Current Accounts	80,855	66,353
	80,925	70,482

Creditors: amount falling due after more than one year

	2026 £		2025 £
Bank Loans & Overdrafts (secured)	44,932		44,983
	44,932		44,983

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	1,280		0
	1,280		0

Share Capital

Authorised
3 Class A shares of £1.00 each
3 Class B shares of £1.00 each

Allotted, called up and fully paid	2026 £	2025 £
3 Class A shares of £1.00 each	3	3
3 Class B shares of £1.00 each	3	3
	6	6

Undistributable Reserves

	2026 £		2025 £
Deferred Tax Provided on Revaluation	(1,040)		0
Undistributable Reserves	5,474		0
	4,434		0

10.	Director loan As at balance sheet date the company owed the director £80,855. (2025 - £66,353). This is an interest free facility, repayable on demand.

11.	Other loans - Security The loan included in other loans is secured against the property.

12.

Security and Charges

The investment property is secured by way of legal mortgages and fixed charges in favour of the Company's lenders.

The relevant charges are registered with the Registrar of Companies at Companies House and include the following:

Property address: 16 Craddock Street Bishop Auckland co Durham.

Charge Code: 1318 4047 0001

Persons entitled: The Mortgage Works (UK) PLC

Registered Number: 13184047
England and Wales
VRNO PROPERTY LTD

Unaudited Financial Statements

Period of accounts Start date: 01 March 2025 End date: 28 February 2026