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Company Registration No. 13525578 (England and Wales)
Veritas Property Assets Ltd Unaudited accounts for the year ended 31 March 2026
Veritas Property Assets Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Veritas Property Assets Ltd Company Information for the year ended 31 March 2026
Director
CNH Bennett
Company Number
13525578 (England and Wales)
Registered Office
21A LYNN ROAD LONDON SW12 9LB ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited 167-169 Great Portland Street 5th Floor London W1W 5PF
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Veritas Property Assets Ltd Accountants' report
Accountants' report to the director of Veritas Property Assets Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Veritas Property Assets Ltd for the year ended 31 March 2026 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Veritas Property Assets Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Veritas Property Assets Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Veritas Property Assets Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Veritas Property Assets 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 Veritas Property Assets Ltd. You consider that Veritas Property Assets 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 Veritas Property Assets 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.
RAE Business Services (Yorkshire) Limited 167-169 Great Portland Street 5th Floor London W1W 5PF 31 July 2026
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Veritas Property Assets Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
13,112
20,583
Investment property
5
1,106,889
1,069,418
1,120,001
1,090,001
Current assets
Debtors
6
1,000
1,260
Cash at bank and in hand
6,342
7,716
7,342
8,976
Creditors: amounts falling due within one year
7
(2,597)
(2,597)
Net current assets
4,745
6,379
Total assets less current liabilities
1,124,746
1,096,380
Creditors: amounts falling due after more than one year
8
(1,084,036)
(1,109,400)
Provisions for liabilities
Deferred tax
9
(19,866)
(98)
Net assets/(liabilities)
20,844
(13,118)
Capital and reserves
Called up share capital
1
1
Revaluation reserve
101,823
73,720
Profit and loss account
(80,980)
(86,839)
Shareholders' funds
20,844
(13,118)
For the year ending 31 March 2026 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 director acknowledges his 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 and authorised for issue on 4 August 2026 and were signed on its behalf by
CNH Bennett Director Company Registration No. 13525578
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Veritas Property Assets Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Veritas Property Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 13525578. The registered office is 21A LYNN ROAD, LONDON, SW12 9LB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. 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.
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:
Deferred taxation
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.
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Veritas Property Assets Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2025
44,328
At 31 March 2026
44,328
Depreciation
At 1 April 2025
23,745
Charge for the year
7,471
At 31 March 2026
31,216
Net book value
At 31 March 2026
13,112
At 31 March 2025
20,583
5
Investment property
2026
£
Fair value at 1 April 2025
1,069,418
Net gain from fair value adjustments
37,471
At 31 March 2026
1,106,889
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
1,000
1,260
7
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
2,597
2,597
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
759,550
759,550
Loans from directors
324,486
349,850
1,084,036
1,109,400
Aggregate of amounts that fall due for payment after five years
759,550
759,550
Included in long term creditors are bank loans secured on investment properties. A personal guarantee has been provided.
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Veritas Property Assets Ltd Notes to the Accounts for the year ended 31 March 2026
9
Deferred taxation
2026
2025
£
£
Revaluation of investment property
33,941
24,573
Tax losses carried forward
(14,075)
(24,475)
19,866
98
2026
2025
£
£
Provision at start of year
98
7,556
Charged/(credited) to the profit and loss account
19,768
(7,458)
Provision at end of year
19,866
98
10
Transactions with related parties
At the year end, the company owed the director £324,486 (2024 - £349,850). Interest of £969 was charged in the year (2024 - £575).
11
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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