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Valleo Holdings Limited
























Director's report and unaudited financial statements



for the period from 11 May 2021 to 31 December 2021



Registered number: 13386856

 
Valleo Holdings Limited


Company Information


Director
A Denstaedt (appointed 11 May 2021)




Registered number
13386856



Registered office
C/O Buzzacott LLP
130 Wood Street

London

EC2V 6DL




Accountants
Buzzacott LLP

130 Wood Street

London

EC2V 6DL





 
Valleo Holdings Limited


Contents



Page
Director's report
 
1
Accountants' report
 
2
Statement of comprehensive income
 
3
Balance sheet
 
4
Notes to the financial statements
 
5 - 7


 
Valleo Holdings Limited

 
Director's report
for the period from 11 May 2021 to 31 December 2021

The director presents his report together with the unaudited financial statements of Valleo Holdings limited (the "company")  for the period from 11 May 2021 to 31 December 2021.
Incorporation
The company was incorporated on 11 May 2021.

Principal activity

The principal activity of the company in the period under review was to hold an investment in Eicos Investment Group Limited.

Results and dividends

The loss for the period after taxation, amounted to £2,880.

The director did not recommend payment of a dividend during the period.

Directors

The directors of the company who were in office during the period and up to the date of signing the financial statements were:

A Denstaedt (appointed 11 May 2021)

Small companies note

This report has been prepared in accordance with the special provisions relating to the small companies regime within 
'FRS 102' specifically section 1 A, and part 15 of the Companies Act 2006.

This report was approved by the director on 6 September 2022 and signed by:
 


................................................
A Denstaedt
Director

Page 1

 
Valleo Holdings Limited

  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Valleo Holdings Limited for the period from 11 May 2021 to 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valleo Holdings Limited for the period from 11 May 2021 to 31 December 2021 which comprise Statement of comprehensive income, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Valleo Holdings Limited in accordance with the terms of our engagement letter dated 3 August 2022Our work has been undertaken solely to prepare for your approval the financial statements of Valleo Holdings Limited  and state those matters that we have agreed to state to the director of Valleo Holdings Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valleo Holdings Limited and its director for our work or for this report. 

It is your duty to ensure that Valleo Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Valleo Holdings Limited. You consider that Valleo Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Valleo Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  

Buzzacott LLP
130 Wood Street
London
EC2V 6DL
 
6 September 2022
Page 2

 
Valleo Holdings Limited


Statement of comprehensive income
for the period from 11 May 2021 to 31 December 2021

for the period from 11 May 2021 to
31 December
2021
£


Administrative expenses
  
(2,880)

Operating loss
  
(2,880)

Loss for the financial period
  
(2,880)

There were no recognised gains and losses for 2021 other than those included in the statement of comprehensive income.

The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
Valleo Holdings Limited - Registered number: 13386856

Balance sheet
As at 31 December 2021

2021
Note
£

Fixed assets
  

Investments
 5 
140

Current assets
  

Debtors: amounts falling due within one year
 6 
2,660

  
2,660

Creditors: amounts falling due within one year
 7 
(5,679)

Net current liabilities
  
 
 
(3,019)

  

Net liabilities
  
(2,879)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(2,880)

  
(2,879)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved by the director and signed by: 




................................................
A Denstaedt
Director

Date: 6 September 2022

The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
Valleo Holdings Limited

 
Notes to the financial statements
for the period from 11 May 2021 to 31 December 2021

1.


General information

Valleo Holdings Limited is a private limited company by shares and incorporated in the England and Wales. The
address of the registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and its principal place of business is 111 Park Street, Mayfair, London, W1K 7JL.

2.Significant accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Pound Sterling (£), which is also the functional currency.
The following principal accounting policies have been applied consistently throughout the financial period.

  
2.2

Going concern

After reviewing the forecasts and projections the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

  
2.3

Administrative expenses

All expenses have been accounted for on an accruals basis.

  
2.4

Taxation

The current tax payable is based on taxable profit for the period. Taxable profit differs from profit as reported in the statement of comprehensive income because it excluded items that are never taxable or deductible. The company's current tax liability is calculated using rates that have been enacted or substantively enacted by the balance sheet date.

  
2.5

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to
pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise
based on current tax rate and law. Timing differences arise from the inclusion of items of income and
expenditure in taxation computations in periods different from those in which they are included in financial
statements.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be
recovered. Deferred tax assets and liabilities are not discounted.

  
2.6

Investments

Investments in subsidiaries are measured at cost less provision for impairment.

 
2.7

Debtors

Short term debtors are measured at transaction price less any impairment.

Page 5

 
Valleo Holdings Limited

Notes to the financial statements
for the period from 11 May 2021 to 31 December 2021

2.Significant accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at
fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties and investments in ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the companies accounting policies, which are described in note 2, the directors are required to
make judgments, estimates and assumptions which affect the amounts reported for assets and liabilities as at the
period-end date and amounts reported for revenues and expenses during the period. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be relevant. However, the
nature of estimation means that actual outcomes could differ from those estimates.
There were no significant estimates or judgements made in the period.


4.


Employees

The average monthly number of employees, including directors during the period was 1.


5.


Fixed asset investments





Investments in subsidiary

£



Cost or valuation


Additions
140



At 31 December 2021
140





6.


Debtors

2021
£


Other debtors
2,660

2,660


Page 6

 
Valleo Holdings Limited

 
Notes to the financial statements
for the period from 11 May 2021 to 31 December 2021

7.


Creditors: Amounts falling due within one year

2021
£

Other creditors
2,799

Accruals
2,880

5,679


Page 7