L. & V. Verrecchia & Sons Limited

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

Registered number: 00781130

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		350,000		-

			350,000		-
CURRENT ASSETS
Debtors	6	712		811
Cash at bank and in hand		81,324		87,495

		82,036		88,306
Creditors: Amounts Falling Due Within One Year	7	(28,285 )		(37,017 )

NET CURRENT ASSETS (LIABILITIES)			53,751		51,289

TOTAL ASSETS LESS CURRENT LIABILITIES			403,751		51,289

Creditors: Amounts Falling Due After More Than One Year	8		(10,000 )		(10,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(82,320 )		-

NET ASSETS			311,431		41,289

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Revaluation reserve	11		246,959		-
Profit and Loss Account			63,472		40,289

SHAREHOLDERS' FUNDS			311,431		41,289

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L. & V. Verrecchia & Sons Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A B Verrecchia Director	Mr M J Verrecchia Director
30/09/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

L. & V. Verrecchia & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00781130 . The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable and net of discounts. The company is not registered for value added taxes. Turnover includes rents receivable earned from the rendering of services.

Rendering of services

Rents receivable 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. Rents receivable is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	4 % RB
Motor Vehicles	25 % RB

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

During the year, the property was reclassified from property, plant and equipment to investment property following a change in its use. The directors have considered the nature and purpose of the property and concluded that its classification as investment property is appropriate.

The property is measured in accordance with the Company's accounting policy for investment property. At the date of reclassification, the property had a carrying value of £350,000.

2.5. 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.

...CONTINUED

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L. & V. Verrecchia & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	20,722	25,725	46,447
Disposals	-	(25,725 )	(25,725 )
Revaluation	329,278	-	329,278
Transfers	(350,000 )	-	(350,000 )

As at 31 December 2025	-	-	-

Depreciation
As at 1 January 2025	20,722	25,725	46,447
Provided during the period	(20,722 )	-	(20,722 )
Disposals	-	(25,725 )	(25,725 )

As at 31 December 2025	-	-	-

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	-	-

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	-
Transfers	350,000

As at 31 December 2025	350,000

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L. & V. Verrecchia & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	712	700
Net wages	-	111

	712	811

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	3,286	3,727
Other taxes and social security	443	833
Other creditors	22,500	22,500
Accruals and deferred income	1,414	1,197
Directors' loan accounts	642	8,760

	28,285	37,017

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	10,000	10,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	11,600	10,000

Ordinary share dividends totalling £11,600 were proposed and paid on 31st July 2025.

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L. & V. Verrecchia & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	-	40,289
Profit for year	-	34,783

Surplus on revaluation	246,959	-

Other comprehensive income for the year	246,959	-

Total comprehensive income for the year	246,959	34,783

Dividends paid	-	(11,600)

As at 31 December 2025	246,959	63,472

12. Related Party Transactions

Included within other creditors is a balance of £10,000 (2024: £10,000) owing to the Verrecchia Trust, a trust in which both of the directors are trustees.

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