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Registration number: 08322054

Valli Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Valli Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Valli Holdings Limited

Company Information

Director

MA Valli

Company secretary

RM Valli

Registered office

262-264 Lockwood Road
Huddersfield
West Yorkshire
HD1 3TG

 

Valli Holdings Limited

(Registration number: 08322054)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

4,136,284

236,558

Current assets

 

Debtors

5

233,061

50,210

Cash at bank and in hand

 

8,236

15,746

 

241,297

65,956

Creditors: Amounts falling due within one year

6

(326,762)

(281,172)

Net current liabilities

 

(85,465)

(215,216)

Total assets less current liabilities

 

4,050,819

21,342

Creditors: Amounts falling due after more than one year

6

(17,307)

(36,187)

Net assets/(liabilities)

 

4,033,512

(14,845)

Capital and reserves

 

Called up share capital

3,899,727

2

Retained earnings

133,785

(14,847)

Shareholders' funds/(deficit)

 

4,033,512

(14,845)

 

Valli Holdings Limited

(Registration number: 08322054)
Balance Sheet as at 31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 September 2022
 

.........................................
MA Valli
Director

 

Valli Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
262-264 Lockwood Road
Huddersfield
West Yorkshire
HD1 3TG
England

These financial statements were authorised for issue by the director on 1 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Valli Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Valli Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2021 - 0).

4

Investments

2022
£

2021
£

Investments in subsidiaries

4,136,284

236,558

Subsidiaries

£

Cost or valuation

At 1 April 2021

236,558

Additions

3,899,726

At 31 March 2022

4,136,284

Provision

Carrying amount

At 31 March 2022

4,136,284

At 31 March 2021

236,558

5

Debtors

Current

Note

2022
£

2021
£

Amounts owed by related parties

8

183,079

2,000

Other debtors

 

49,982

48,210

 

Valli Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

7

18,881

18,880

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

307,381

261,785

Accruals and deferred income

 

500

507

 

326,762

281,172

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

7

17,307

36,187

7

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

17,307

36,187

2022
£

2021
£

Current loans and borrowings

Bank borrowings

18,881

18,880

 

Valli Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

8

Related party transactions

Transactions with the director

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

MA Valli

The company operates current accounts for directors.

48,210

137,021

(135,250)

49,981

         
       

 

2021

At 1 April 2020
£

Advances to director
£

Repayments by director
£

At 31 March 2021
£

MA Valli

The company operates current accounts for directors.

(11,590)

59,800

-

48,210