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REGISTERED NUMBER: 07186813 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2022

FOR

VALLEY FALLS LTD

VALLEY FALLS LTD (REGISTERED NUMBER: 07186813)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALLEY FALLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2022







DIRECTOR: M Mirshahi





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 07186813 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

VALLEY FALLS LTD (REGISTERED NUMBER: 07186813)

BALANCE SHEET
30 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,413

CURRENT ASSETS
Debtors 5 875,914 234,690
Investments 6 - 249,000
Cash at bank 106,171 748,047
982,085 1,231,737
CREDITORS
Amounts falling due within one year 7 46,803 139,697
NET CURRENT ASSETS 935,282 1,092,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

935,282

1,094,453

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 935,280 1,094,451
SHAREHOLDERS' FUNDS 935,282 1,094,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2022 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 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 director and authorised for issue on 5 September 2022 and were signed by:





M Mirshahi - Director


VALLEY FALLS LTD (REGISTERED NUMBER: 07186813)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2022

1. STATUTORY INFORMATION

Valley Falls Ltd 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33.33% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments
Current asset investments are initially recognised at cost and revalued at the year end. Any unrealised gain or loss arising is written off to the profit & loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

VALLEY FALLS LTD (REGISTERED NUMBER: 07186813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2021 4,618 10,675 15,293
Additions 2,262 - 2,262
Disposals (6,880 ) (10,675 ) (17,555 )
At 30 March 2022 - - -
DEPRECIATION
At 31 March 2021 3,134 9,746 12,880
Charge for year 1,045 512 1,557
Eliminated on disposal (4,179 ) (10,258 ) (14,437 )
At 30 March 2022 - - -
NET BOOK VALUE
At 30 March 2022 - - -
At 30 March 2021 1,484 929 2,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 875,914 234,690

6. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Listed investments - 249,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 624 23,876
Taxation and social security 30,350 62,651
Other creditors 15,829 53,170
46,803 139,697

VALLEY FALLS LTD (REGISTERED NUMBER: 07186813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2022 and 30 March 2021:

2022 2021
£    £   
M Mirshahi
Balance outstanding at start of year 28,906 28,894
Amounts advanced 80,576 1,910
Amounts repaid (985,396 ) (1,898 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (875,914 ) 28,906