Company Registration No. 10434008 (England and Wales)
Verluna Ltd
Unaudited accounts
for the year ended 31 October 2025
Verluna Ltd
Unaudited accounts
Contents
Verluna Ltd
Company Information
for the year ended 31 October 2025
Directors
J D Watson
K G Watson
Company Number
10434008 (England and Wales)
Registered Office
7 Cline Court
Crownhill
Milton Keynes
MK8 0DB
United Kingdom
Accountants
Chris Burgess Accountancy Ltd
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
Verluna Ltd
Statement of financial position
as at 31 October 2025
Investment property
755,000
686,000
Cash at bank and in hand
12,575
7,829
Creditors: amounts falling due within one year
(319,134)
(299,686)
Net current liabilities
(305,932)
(291,857)
Total assets less current liabilities
449,068
394,143
Creditors: amounts falling due after more than one year
(308,562)
(307,739)
Provisions for liabilities
Deferred tax
(29,043)
(19,311)
Called up share capital
100
100
Profit and loss account
111,363
66,993
Shareholders' funds
111,463
67,093
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by
J D Watson
Director
Company Registration No. 10434008
Verluna Ltd
Notes to the Accounts
for the year ended 31 October 2025
Verluna Ltd is a private company, limited by shares, registered in England and Wales, registration number 10434008. The registered office is 7 Cline Court, Crownhill, Milton Keynes, MK8 0DB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.
Investment property is included at market fair value. Improvement costs incurred on a property are added to the carrying amount of that property, whilst repair costs are recognised in the income statement. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 November 2024
686,000
Net gain from fair value adjustments
63,966
At 31 October 2025
755,000
The properties values have been determined by the director James Watson. Mr Watson is a Chartered Quantity Surveyor and is regularly involved in residential property related work professionally. The property's value has been determined based on the recent sales prices of similar properties in the area.
Verluna Ltd
Notes to the Accounts
for the year ended 31 October 2025
Amounts falling due within one year
Accrued income and prepayments
627
-
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
311,182
297,413
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
308,562
307,739
Aggregate of amounts that fall due for payment after five years
308,562
307,739
The bank loans are secured by fixed charges on the investment properties.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within loans from directors is £227,021 (2024 - £218,250) owed to J Watson, a member and director of the company. The loan is interest free and repayable on demand.
Included within loans from directors is £39,000 (2023 - £39,000) owed to K Watson, a member and director of the company. Interest is charged on the unpaid loan principal at a rate of 5.15% per annum, payable on 1 March of each year. The loan is repayable within 90 days of the lender providing the company with a written notice of demand.
Included within loans from directors is £45,164 (2023 - £40,164) owed to K Watson, a member and director of the company. The loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).