Verdigris Strategic Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Verdigris Strategic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07309876 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Fixtures & Fittings	25% Reducing Value
Computer Equipment	25% Reducing Value

2.4. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5. Foreign Currencies

Monetary Bank in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Verdigris Strategic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

2.8. Operating leases

Rentals paid under operating leases are recognised in the profit or loss account on a straight line basis over the lease term.

2.9. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11. Financial instruments

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

2.12. Current Asset Investment

Investments in shares are included at fair value.

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Verdigris Strategic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	28,907	1,631	30,538
Additions	1,831	-	1,831

As at 31 July 2025	30,738	1,631	32,369

Depreciation
As at 1 August 2024	26,773	508	27,281
Provided during the period	944	281	1,225

As at 31 July 2025	27,717	789	28,506

Net Book Value
As at 31 July 2025	3,021	842	3,863

As at 1 August 2024	2,134	1,123	3,257

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	380,123	259,014
Prepayments and accrued income	4,829	72,000
Other debtors	73,866	58,647
VAT	-	6,938
Directors' loan accounts	9,279	-

	468,097	396,599
Due after more than one year
Corporation tax recoverable assets	4,579	-

	472,676	396,599

6. Current Asset Investments

	2025	2024
	£	£
Listed investments	-	9,759

Listed investments have been disposed of in the year. There was an unrealised gain in 2024 of £6,290 on the investments held. The gains have been realised in the current year when the investments were sold at the prevailing market rate.

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Verdigris Strategic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	75,468	43,285
Corporation tax	50,770	26,075
Other taxes and social security	8,843	11,283
VAT	2,629	-
Other creditors	2,261	20,221
Accruals and deferred income	3,155	2,100
Directors' loan accounts	-	9,415

	143,126	112,379

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	966	1,573

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	20,445	70,445
Later than one year and not later than five years	102,225	163,560

	122,670	234,005

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr George Jay Hambro	(9,415 )	36,898	(18,205 )	-	9,278

The above loan is unsecured, interest free and repayable on demand.

12. Related Party Transactions

At the end of the year, £15,653 (2024: £11,363) was owed by a trust of one of the directors. This amount is repayable upon demand and does not bare interest. No transactions occurred in the year.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,863		3,257

			3,863		3,257
CURRENT ASSETS
Debtors	5	472,676		396,599
Investments	6	-		9,759
Cash at bank and in hand		140,922		127,194

		613,598		533,552
Creditors: Amounts Falling Due Within One Year	7	(143,126 )		(112,379 )

NET CURRENT ASSETS (LIABILITIES)			470,472		421,173

TOTAL ASSETS LESS CURRENT LIABILITIES			474,335		424,430

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(966 )		(1,573 )

NET ASSETS			473,369		422,857

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			473,368		422,856

SHAREHOLDERS' FUNDS			473,369		422,857