Vertex Point (Springfield Basin) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06302636

Vertex Point (Springfield Basin) Limited

Filleted Unaudited Financial Statements

31 December 2025

Vertex Point (Springfield Basin) Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Vertex Point (Springfield Basin) Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		30,899	31,200

Current assets

Cash at bank and in hand	6,902		7,876

Creditors: amounts falling due within one year	6	35,135		36,023
		--------		--------
Net current liabilities			28,233	28,147
			--------	--------
Total assets less current liabilities			2,666	3,053
			-------	-------
Net assets			2,666	3,053
			-------	-------

Capital and reserves

Called up share capital	7	13	13
Profit and loss account		2,653	3,040
		-------	-------
Shareholders funds		2,666	3,053
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 August 2026 , and are signed on behalf of the board by:

Mr B C Living
Director

Company registration number: 06302636

Vertex Point (Springfield Basin) Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Goldlay House 114 Parkway, Chelmsford, Essex, CM2 7PR, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, less any impairment charges.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Headlease	-	Depreciated over the length of the lease

4. Average number of employees

The average number of employees for the year was 1 (2024: 1) which consisted of the director only.

5. Tangible assets

	Headlease
	£
Cost
At 1 January 2025 and 31 December 2025	33,313
	--------
Depreciation
At 1 January 2025	2,113
Charge for the year	301
	--------
At 31 December 2025	2,414
	--------
Carrying amount
At 31 December 2025	30,899
	--------
At 31 December 2024	31,200
	--------

The headlease was acquired on 30/04/1999 by the company and runs for 130 years from 01/01/1999. Depreciation has started within the trading year 01/01/2018 - 31/12/2018 over the remaining 111 years of lease as the company is now trading.

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,250	2,001
Accruals and deferred income	585	570
Corporation tax	–	152
Shareholders contribution to headlease	33,300	33,300
	--------	--------
	35,135	36,023
	--------	--------

The shareholders contributed to the purchase of the headlease and this contribution is shown within creditors.

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	13	13	13	13
	----	----	----	----