Verton Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09694451 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2017

for

VERTON HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Locke

M A Minchella

Mrs T A Abraham

REGISTERED OFFICE:

Verton House

Alexandra Way

Tewkesbury

Gloucestershire

GL20 8NB

REGISTERED NUMBER:

09694451 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Tangible assets

5

1,747,455

1,737,972

Investments

6

100

100

1,747,555

1,738,072

CURRENT ASSETS

Debtors

7

953

-

Cash at bank

440

429

1,393

429

CREDITORS

Amounts falling due within one year

8

(82,963

)

(83,234

)

NET CURRENT LIABILITIES

(81,570

)

(82,805

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,665,985

1,655,267

CREDITORS

Amounts falling due after more than one year

9

(106,761

)

(488,696

)

PROVISIONS FOR LIABILITIES

(31,769

)

(37,376

)

NET ASSETS

1,527,455

1,129,195

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,527,255

1,128,995

SHAREHOLDERS' FUNDS

1,527,455

1,129,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors on 20th June 2018 and were signed on its behalf by:

J C Locke - Director

1.	STATUTORY INFORMATION

Verton Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, under the historical cost basis except for

the modification to a fair value basis where specified.

Preparation of consolidated financial statements

The financial statements contain information about Verton Holdings Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under Section

399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment

losses.

Cost includes purchase cost and other costs directly attributable to making the asset capable of operating as

intended.

Land and buildings are included at cost and depreciated over the anticipated economic life of the assets. The

carrying value in the financial statements is reviewed annually by the directors.

Investments in subsidiaries

Investments in subsidiaries are accounted for at cost less accumulated impairment losses.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction

costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their

fair value can otherwise be measured reliably.

Taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the

balance sheet date.

Current and deferred tax are determined using tax rates and laws that have been enacted or substantively enacted

by the balance sheet date.

Foreign currencies

Transactions in currencies other than the functional currency are recognised at the rate of exchange on the date

the transaction occurred. At the end of each reporting period, monetary items denominated in foreign currencies

are retranslated at the rates prevailing at that date. Non-monetary items that are measured at historic cost in a

foreign currency are not retranslated.

Exchange differences are recognised in profit or loss in the period in which they arise.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable than an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st January 2017

1,737,972

Additions

10,232

At 31st December 2017

1,748,204

DEPRECIATION

Charge for year

749

At 31st December 2017

749

NET BOOK VALUE

At 31st December 2017

1,747,455

At 31st December 2016

1,737,972

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2017

and 31st December 2017

100

NET BOOK VALUE

At 31st December 2017

100

At 31st December 2016

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

953

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

73,729

73,729

Taxation and social security

89

89

Other creditors

9,145

9,416

82,963

83,234

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

106,761

488,696

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

180,490

-

The mortgage is secured by a fixed and floating charge over the company's property.

11.	GUARANTEES, CONTINGENCIES AND OTHER FINANCIAL COMMITMENTS

As at 31st December 2017, the company had no known guarantees, contingencies and commitments (2016:

£Nil).