VerQ Property Limited - Filleted accounts

Registered number

15294591

VerQ Property Limited

Filleted Accounts

31 October 2025

VerQ Property Limited
Registered number:		15294591
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		156,030			-

Current assets
Cash at bank and in hand		1,470			-

Creditors: amounts falling due within one year	4	(57,309)			(1,169)

Net current liabilities			(55,839)			(1,169)

Total assets less current liabilities			100,191			(1,169)

Creditors: amounts falling due after more than one year	5		(105,207)			-



Net liabilities			(5,016)			(1,169)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(5,116)			(1,269)

Shareholder's funds			(5,016)			(1,169)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T Brownrigg
Director
Approved by the board on 23 July 2026

VerQ Property Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		1


3	Investments

Other
investments
£
	Cost
	Additions			156,030

	At 31 October 2025			156,030

	At 31 October 2025 the valuation of the investment property was reviewed by Mr T Brownrigg the director of the company. Following the review he is satisfied that the current valuation represents the fair value of the investment property.


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Director's loan account	55,994		647
	Other creditors	1,315		522
		57,309		1,169


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	105,207		-


6	Loans	2025		2024
£			£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years	105,207		-


	Secured bank loans	105,207		-

	The bank loan is secured on the investment property owned by the company.


7	First time adoption of FRS 102

	The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss. The transition date was 20 November 2023. The financial statements for the period ended 31 October 2024 were prepared under the previous financial reporting framework.


8	Controlling party

	In the opinion of the director Mr T Brownrigg is the company's controlling party by virtue of his shareholding in the company.


9	Other information

	VerQ Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Bury Lodge
	Bury Road
	Stowmarket
	Suffolk
	IP14 1JA