VERSO LIMITED - Accounts

VERSO LIMITED
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,491	413
Investments	4	2	2
		1,493	415
Current assets
Debtors		22,276	18,849
Cash at bank and in hand		65,239	103,467
		87,515	122,316
Creditors: amount falling due within one year		(36,320)	(82,590)
Net current assets		51,195	39,726

Total assets less current liabilities		52,688	40,141
Creditors: amount falling due after more than one year		0	(6,135)
Net assets		52,688	34,006

Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		51,688	33,006
Shareholders' funds		52,688	34,006

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 01 September 2026 and were signed on its behalf by:

-------------------------------
Joe Leonard HARVEY
Director

VERSO LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2025

General Information

VERSO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11734834, registration address 72 - 74 Dean Street, Soho Works, London, UK, W1D 3SG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Straight Line
Computer Equipment	25% Straight Line

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed fir impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence whee it has the power to participate in the financial and operating decisions of the associate.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 6).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 January 2025	575	8,969	9,544
Additions	-	2,125	2,125
Disposals	-	-	-
At 31 December 2025	575	11,094	11,669
Depreciation
At 01 January 2025	575	8,557	9,132
Charge for year	-	1,046	1,046
On disposals	-	-	-
At 31 December 2025	575	9,603	10,178
Net book values
Closing balance as at 31 December 2025	-	1,491	1,491
Opening balance as at 01 January 2025	-	413	413

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 January 2025	2	2
Additions	-	-
Disposals	-	-
At 31 December 2025	2	2

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2025 £	2024 £	2025 £	2024 £
M W Newton	0	0	560	562
New Citizens Limited	0	0	0	10,800
Oya Space Limited	9,972	15,832	667	0
Lexington Street Holdings	6,000	7,200	0	7,200

At the year end the company owes £560 (2024: £562) to Mr M W Newton a director of the company.
At the end of the year, the trade debtors included £0 due from New Citizens Limited. New Citizens Limited is a related party by virtue of common directorship.
During the year the company received £9,972 from Oya Space Limited as rent. Oya Space Limited is a related party by virtue of common directorship.
During the year the company revenue included £6,000 from Lexington Street Holdings and there was no receiveable balance at the end of the year. Lexington Street Holdings is a related party by virtue of common directorship.