IRIS Accounts Production v18.2.0.360 09767772 director 1.10.16 30.9.17 30.9.17 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure097677722016-09-30097677722017-09-30097677722016-10-012017-09-30097677722015-09-07097677722015-09-082016-09-30097677722016-09-3009767772ns15:EnglandWales2016-10-012017-09-3009767772ns14:PoundSterling2016-10-012017-09-3009767772ns10:Director12016-10-012017-09-3009767772ns10:PrivateLimitedCompanyLtd2016-10-012017-09-3009767772ns10:SmallEntities2016-10-012017-09-3009767772ns10:AuditExempt-NoAccountantsReport2016-10-012017-09-3009767772ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-09-3009767772ns10:SmallCompaniesRegimeForAccounts2016-10-012017-09-3009767772ns10:FullAccounts2016-10-012017-09-3009767772ns10:OrdinaryShareClass12016-10-012017-09-3009767772ns10:RegisteredOffice2016-10-012017-09-3009767772ns5:CurrentFinancialInstruments2017-09-3009767772ns5:CurrentFinancialInstruments2016-09-3009767772ns5:Non-currentFinancialInstruments2017-09-3009767772ns5:Non-currentFinancialInstruments2016-09-3009767772ns5:ShareCapital2017-09-3009767772ns5:ShareCapital2016-09-3009767772ns5:RetainedEarningsAccumulatedLosses2017-09-3009767772ns5:RetainedEarningsAccumulatedLosses2016-09-3009767772ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-3009767772ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-3009767772ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-09-3009767772ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2016-09-3009767772ns10:OrdinaryShareClass12017-09-3009767772ns5:RetainedEarningsAccumulatedLosses2016-09-3009767772ns5:RetainedEarningsAccumulatedLosses2016-10-012017-09-30


REGISTERED NUMBER: 09767772 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

VALE VENTURES LIMITED

VALE VENTURES LIMITED (REGISTERED NUMBER: 09767772)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


VALE VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTOR: M Z Oppenheimer





REGISTERED OFFICE: 54-56 Keswick Street
Gateshead
Tyne and Wear
NE8 1TQ





REGISTERED NUMBER: 09767772 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

VALE VENTURES LIMITED (REGISTERED NUMBER: 09767772)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2017

30.9.17 30.9.16
Notes £    £   
CURRENT ASSETS
Stocks 1,197,899 761,655
Debtors 3 - 169,611
1,197,899 931,266
CREDITORS
Amounts falling due within one year 4 224,258 47,762
NET CURRENT ASSETS 973,641 883,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,641

883,504

CREDITORS
Amounts falling due after more than one
year

5

1,087,891

1,003,754
NET LIABILITIES (114,250 ) (120,250 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 (114,251 ) (120,251 )
SHAREHOLDERS' FUNDS (114,250 ) (120,250 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 12 November 2018 and were signed by:





M Z Oppenheimer - Director


VALE VENTURES LIMITED (REGISTERED NUMBER: 09767772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1. STATUTORY INFORMATION

Vale Ventures 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 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. The financial statements have been prepared under the historical cost convention.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other debtors - 169,611

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other creditors 224,258 47,762

VALE VENTURES LIMITED (REGISTERED NUMBER: 09767772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.17 30.9.16
£    £   
Bank loans 1,087,891 1,003,754

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,087,891 1,003,754

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.17 30.9.16
value: £    £   
1 Ordinary 1 1 1

7. RESERVES
Retained
earnings
£   

At 1 October 2016 (120,251 )
Profit for the year 6,000
At 30 September 2017 (114,251 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Z Oppenheimer.