Veritycorp Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13133069 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Veritycorp Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Filippou

Mrs D Filippou

REGISTERED OFFICE:

1st Floor

314 Regents Park Road

Finchley

London

N3 2LT

REGISTERED NUMBER:

13133069 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

61,598

20,516

Investments

5

172,243

21,082

233,841

41,598

CURRENT ASSETS

Debtors

6

883,800

468,086

Cash at bank

427,605

340,398

1,311,405

808,484

CREDITORS

Amounts falling due within one year

7

310,526

193,747

NET CURRENT ASSETS

1,000,879

614,737

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,720

656,335

CREDITORS

Amounts falling due after more than one
year

8

(34,163

)

-

PROVISIONS FOR LIABILITIES

(5,660

)

-

NET ASSETS

1,194,897

656,335

CAPITAL AND RESERVES

Called up share capital

11

90,000

Revaluation reserve

12

1,564

-

Retained earnings

1,103,333

566,335

SHAREHOLDERS' FUNDS

1,194,897

656,335

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 Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

Mr P Filippou - Director

1.	STATUTORY INFORMATION

Veritycorp Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The following depreciation policies have been used:

Computer Equipment - 10% Straight Line

Fixtures and Fittings - 15% Reducing Balance

Motor Vehicles - 16% Straight Line

The depreciation balance as at 1 January 2024 has been restated to correct the depreciation charged

in the prior year accounts.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Foreign currencies

Assets and liabilities 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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses

Investments and derivatives

The company holds basic financial instruments (bonds and cash) and non-basic financial instruments (derivatives).

Fixed asset investments and derivative financial instruments are initially recognised at fair value at the transaction date and are subsequently measured to at fair value through profit or loss at each reporting date. Changes in fair value, including unrealised gains and losses, are recognised in the Profit and Loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2025

3,767

19,950

4,238

27,955

Additions

2,160

48,000

3,357

53,517

At 31 December 2025

5,927

67,950

7,595

81,472

DEPRECIATION

At 1 January 2025

565

6,384

490

7,439

Charge for year

804

10,872

759

12,435

At 31 December 2025

1,369

17,256

1,249

19,874

NET BOOK VALUE

At 31 December 2025

4,558

50,694

6,346

61,598

At 31 December 2024

3,202

13,566

3,748

20,516

Included in tangible fixed assets are assets held under hire purchase with an aggregate net book value of £40,320 (2024 - £Nil). Depreciation charged on these assets during the year amounted to £7,680 (2024 - £Nil).

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

Totals

£

COST OR VALUATION

At 1 January 2025

-

21,082

Additions

138,133

26,149

164,282

Disposals

(14,586

)

(200

)

(14,786

)

Revaluations

1,665

-

1,665

At 31 December 2025

125,212

47,031

172,243

NET BOOK VALUE

At 31 December 2025

125,212

47,031

172,243

At 31 December 2024

-

21,082

Fixed asset investments, comprising investments, corporate bonds and derivative financial instruments, are measured at fair value through profit or loss. The fair value is determined by reference to active market prices at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

748,504

383,532

Other debtors

112,624

66,000

VAT

-

1,688

Prepayments and accrued income

22,672

16,866

883,800

468,086

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Hire purchase contracts (see note 9)

2,101

-

Trade creditors

38,425

23,355

Tax

208,299

147,154

Social security and other taxes

5,469

6,465

VAT

961

-

Directors' current accounts

11

435

Accruals and deferred income

55,260

16,338

310,526

193,747

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Hire purchase contracts (see note 9)

34,163

-

9.	LEASING AGREEMENTS

The company entered into a licence commitment for the rental of the office premises on 18 March 2025. The licence term expires on 31 March 2027.

The annual licence fee is £24,000 and have the option to break the licence on providing 2 months prior notice on or anytime after the 12th month of the term.

The company also entered into following hire purchase contract for car:

- BMW on 7 January 2025. The hire purchase contract expires on January 2028.

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Hire purchase liability

34,163

-

Hire purchase liabilities are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

90,000

Ordinary

£1

90,000

12.

RESERVES

Revaluation

reserve

£

Revaluation reserves

1,564

At 31 December 2025

1,564

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, included within creditors are amounts due to the director and his family interests totalling £11 (2024 : £435). These amounts are unsecured, repayable on demand, and interest free.

15.	RELATED PARTY DISCLOSURES

During the year, total dividends of £63,000 (2024 - £81,000) were paid to the directors .

Included within debtors is an amounts due from PF Partners Ltd, a company in which a director Mr P Filippou is also a director and shareholder. The balance outstanding at the reporting date was £65,000 (2024 : £65,000). The balance is unsecured, interest free and repayable on demand.

Included within debtors is an amounts due from Alfa Living Ltd, a company in which a director Mrs D Filippou is also a director and shareholder. The balance outstanding at the reporting date was £43,000 (2024 : £Nil). The balance is unsecured, interest free and repayable on demand.

16.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Filippou.