REGISTERED NUMBER: 02247509 (England and Wales)

VERT ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D Green

Mrs T Green

SECRETARY:

Mrs T Green

REGISTERED OFFICE:

C/O Stern Associates

2 Helenslea Avenue

London

NW11 8ND

REGISTERED NUMBER:

02247509 (England and Wales)

ACCOUNTANTS:

STERN ASSOCIATES

Chartered Accountants

2 Helenslea Avenue

London

NW11 8ND

FIXED ASSETS

Tangible assets

4

616

822

Investments

5

3,853,834

3,853,834

Investment property

6

2,155,489

2,487,630

6,009,939

6,342,286

CURRENT ASSETS

Debtors

7

3,765,648

3,226,208

Cash at bank

48,853

9,787

3,814,501

3,235,995

CREDITORS

Amounts falling due within one year

8

3,025,348

3,505,777

NET CURRENT ASSETS/(LIABILITIES)

789,153

(269,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,799,092

6,072,504

CREDITORS

Amounts falling due after more than one year

9

2,026,667

2,097,143

NET ASSETS

4,772,425

3,975,361

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10

4,772,423

3,975,359

SHAREHOLDERS' FUNDS

4,772,425

3,975,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

R D Green - Director

1.	STATUTORY INFORMATION

Vert Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

12,033

DEPRECIATION

At 1 January 2025

11,211

Charge for year

206

At 31 December 2025

11,417

NET BOOK VALUE

At 31 December 2025

616

At 31 December 2024

822

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

3,853,834

NET BOOK VALUE

At 31 December 2025

3,853,834

At 31 December 2024

3,853,834

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

undertakings

£

Cost

3,853,834

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Croftshire Investments Limited

Registered office: England

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1

100.00

31.12.25

31.12.24

£

£

Aggregate capital and reserves

2,823,389

3,046,059

Loss for the year

(222,671

)

(251,650

)

Riseley Holdings Ltd

Registered office: England

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1

100.00

31.12.25

31.7.24

£

£

Aggregate capital and reserves

19,265

28,112

Loss for the year

(8,848

)

(300

)

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

2,487,630

Disposals

(332,141

)

At 31 December 2025

2,155,489

NET BOOK VALUE

At 31 December 2025

2,155,489

At 31 December 2024

2,487,630

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

67,986

62,925

Other debtors

3,697,662

3,163,283

3,765,648

3,226,208

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

70,000

70,000

Trade creditors

8,741

27,845

Amounts owed to group undertakings

2,812,655

3,315,833

Taxation and social security

29,556

2,082

Other creditors

104,396

90,017

3,025,348

3,505,777

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

2,026,667

2,097,143

10.

RESERVES

Retained

earnings

£

At 1 January 2025

3,975,359

Profit for the year

925,064

Dividends

(128,000

)

At 31 December 2025

4,772,423

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

R D Green

Balance outstanding at start of year

6,043

(159,613

)

Amounts advanced

239,000

361,300

Amounts repaid

(212,703

)

(195,644

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,340

6,043

12.	RELATED PARTY DISCLOSURES

Included in other debtors are the following related party balances:

£2,989,727 (2024 - £2,989,727) due from Risely Holdings Ltd, a company in which the directors have a participating interest.

£508,000 (2024 - £72,000) due from Vert Deptford Ltd, a company in which the directors have a participating interest.

£5,864 (2024 - £nil) due from A Green, a close relative of a director of the company.

Included in creditors are the following related party balances:

£1,256,275 (2024 - £1,995,075) due to Croftshire Investments Ltd, a 100% subsidiary of the company.

£659,449 (2024 - £609,907) due to Endlane Limited a 100% subsidiary of Croftshire Investments Ltd.

£866,931 (2024 - £683,851) due to Risely Ventures Ltd, a company in which the directors have a participating interest.

£30,000 (2024 - £nil) due to Lumina Properties Ltd, a company in which the directors have a participating interest.

£32,340 (2024 - £6,043) due to R Green, a director of the company.