Vera Road Limited iXBRL

Company Registration Number: 08937300

Vera Road Limited

Unaudited Financial Statements

for the financial year ended 31 March 2026

Vera Road Limited

Company Registration Number: 08937300

BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Fixed Assets

Investment properties

21,030,303

16,000,281

Investments

1,334,442

1,327,242

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Fixed Assets

22,364,745

17,327,523

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Current Assets

Debtors

102,387

1,113,295

Cash and cash equivalents

1,251,083

53,460

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1,353,470

1,166,755

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Creditors: amounts falling due within one year

(1,816,812)

(247,438)

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Net Current (Liabilities)/Assets

(463,342)

919,317

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Total Assets less Current Liabilities

21,901,403

18,246,840

Creditors:

amounts falling due after more than one year

(11,670,500)

(9,286,000)

Provisions for liabilities

(1,734,756)

(1,226,942)

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Net Assets

8,496,147

7,733,898

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

8,496,047

7,733,798

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Equity attributable to owners of the company

8,496,147

7,733,898

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 15 September 2026 and signed on its behalf by




________________________________
Mr D D James
Director

Vera Road Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Vera Road Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 08937300. The registered office of the company is Corndell, 2 Mary Lane, North Waltham, Basingstoke, RG25 2BY, England.

Currency

The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include investment property measured at fair value.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Turnover

Turnover represents rental and ground rent income receivable, recognised over the period to which it relates. Premiums on the grant or extension of long leases are treated as part disposals of investment property rather than turnover.

Property, plant and equipment and depreciation

Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Cost comprises purchase price and other directly attributable costs. Depreciation is provided so as to write off the cost of each asset, less its estimated residual value, over its expected useful life as follows:

Fixtures, fittings and equipment

25% Reducing balance

Investment properties

Investment property is property held to earn rental income or for capital appreciation, or both. It is measured at fair value at each reporting date with changes recognised in the Profit and Loss Account, and is not depreciated. Fair value at 31 March 2026 was determined having regard to comparable transaction prices and prevailing yields.

Investments

Investments in subsidiary undertakings are stated at cost less any impairment.

Borrowing costs

All borrowing costs are recognised in the Profit and Loss Account in the financial year in which they are incurred. Costs incurred in arranging borrowings are recognised over the term of the related facility.

Taxation and deferred taxation

Current tax is the amount of corporation tax payable or recoverable in respect of the taxable profit for the year, measured at rates enacted or substantively enacted at the balance sheet date.

Deferred tax is recognised in full on the difference between the fair value of investment property and its tax base cost, measured at the rate expected to apply on disposal, and is not discounted.

Dividends

Dividends on ordinary shares are recognised as a liability, and deducted from equity, in the financial year in which they are declared and approved.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Exceptional item

Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

Employees

The average monthly number of employees, including directors, during the financial year was 2, (2025 - 2).

2026

2025

Number

Number

Directors

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4.	Property, plant and equipment
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost or Valuation
	At 1 April 2025	1,991	1,991
		─────────	─────────

	At 31 March 2026	1,991	1,991
		─────────	─────────
	Depreciation
	At 1 April 2025	1,991	1,991
		─────────	─────────

	At 31 March 2026	1,991	1,991
		─────────	─────────
	Net book value
	At 31 March 2026	-	-
		═════════	═════════
	At 31 March 2025	-	-


5.	Investment Properties
		Investment
		properties

		£
	Fair value
	At 1 April 2025	16,000,281
	Additions	3,832,977
	Disposals	(12,746)
	Revaluation	1,209,791
		─────────
	At 31 March 2026	21,030,303
		─────────

Investments

Group and

Total

participating

interests/

joint ventures

Investments

Cost

At 1 April 2025

1,327,242

Additions

7,200

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At 31 March 2026

1,334,442

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Net book value

At 31 March 2026

1,334,442

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At 31 March 2025

1,327,242

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The company holds investments in subsidiary undertakings with a balance sheet value of £1,591,067 (2025: £1,174,185).


7.	Debtors	2026	2025
		£	£

	Other debtors	50,495	85,846
	Directors' current accounts (Note 13)	-	974,177
	Prepayments and accrued income	51,892	53,272
		─────────	─────────
		102,387	1,113,295
		═════════	═════════

	A deposit of £44,426 (2025: £44,426) held with Investec Bank plc is subject to a fixed charge in favour of the bank and may not be withdrawn without the bank's prior written consent. It is included within debtors.


8.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Trade creditors	2,756	936
	Amounts owed to group undertakings	1,582,860	-
	Taxation (Note 10)	78,207	150,786
	Directors' current accounts	54,982	-
	Other creditors	-	58,517
	Accruals and deferred income	98,007	37,199
		─────────	─────────
		1,816,812	247,438
		═════════	═════════

Creditors

2026

2025

Amounts falling due after more than one year

11,670,500

9,286,000

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Bank Loans

Repayable between two and five years

5,448,500

1,068,000

Repayable in five years or more

6,222,000

8,218,000

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11,670,500

9,286,000

═════════

Amounts of £6,222,000 (2025: £8,218,000) fall due for payment after more than five years from the balance sheet date and are repayable otherwise than by instalments.

The aggregate amount of creditors for which security has been given is £11,670,500 (2025: £9,286,000). Each loan is secured by a first legal mortgage over the individual investment property to which it relates, together with a fixed charge over the rental income and other rights attaching to that property.


10.	Taxation	2026	2025
		£	£

	Creditors:
	VAT	1,285	761
	Corporation tax	54,422	127,525
	Income tax deducted at source on interest paid	22,500	22,500
		─────────	─────────
		78,207	150,786
		═════════	═════════

11.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Property

Total

Total

revaluations

2026

2025

At financial year start

1,226,942

1,226,942

1,226,942

Charged to profit and loss

507,814

507,814

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At financial year end

1,734,756

1,226,942

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Deferred tax has been provided in full on the difference between the fair value of the company's investment properties and their tax base cost, measured at 25%, being the rate expected to apply on disposal.

12.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

During the financial year the company paid £11,700 (2025: £18,200) to Ms. C M R James, a director, in respect of bookkeeping services provided to the company. Amounts owed to the directors at 31 March 2026 of £54,982 (2025: £nil) are unsecured, interest free and repayable on demand.

13.

Directors' advances, credits and guarantees

At 1 April 2025 the company was owed £974,177 by Mr D D James, a director. Interest was charged during the year at 3.75% per annum. The loan was repaid in full during the year and the maximum amount outstanding was £974,177 (2025: £974,177). The loan was unsecured and repayable on demand.

14.

Parent company

The company's immediate parent undertaking is Emerald Pink Star Limited, a company incorporated in England and Wales. The ultimate controlling party is Mr D D James by virtue of his shareholding in Emerald Pink Star Limited. No group financial statements are prepared.