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REGISTERED NUMBER: 10157625 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

VALLEY HOUSING LTD

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALLEY HOUSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D J Tasker
Mr P M Brooks


REGISTERED OFFICE: Beech Hurst
Weyhill Road
Andover
Hampshire
SP10 3AJ


REGISTERED NUMBER: 10157625 (England and Wales)


SENIOR STATUTORY
AUDITOR:
Christopher Joyce FCCA


AUDITORS: Hysons Accountants LLP, Statutory Auditor
14 London Street
Andover
Hampshire
SP10 2PA


BANKERS: Barclays Bank plc
5 High Street
Andover
Hampshire
SP10 1LN

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 49,863 39,351
Cash at bank 63,524 46,831
113,387 86,182
CREDITORS
Amounts falling due within one year 6 96,255 102,743
NET CURRENT ASSETS/(LIABILITIES) 17,132 (16,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,132

(16,561

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,032 (16,661 )
SHAREHOLDERS' FUNDS 17,132 (16,561 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:




Mr P M Brooks - Director



Mr D J Tasker - Director


VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Valley Housing 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

No current tax liability arises as there are taxable losses carried forward.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

The company had no deferred tax liability at the year end.

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,255 2,259
TVBC lease debtor 18,841 8,730
Deposits held by Agent 27,310 25,778
Prepayments 1,457 2,584
49,863 39,351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9 537
Amounts owed to group undertakings 40,000 40,000
Tax 3,995 -
Tenant's deposits 26,057 25,778
Accrued expenses 19,165 22,684
Deferred income 7,029 13,744
96,255 102,743

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 150,345 162,783
Between one and five years 574,480 614,761
In more than five years 1,673,425 1,906,549
2,398,250 2,684,093

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Amounts owed to parent company 40,000 40,000

The above creditor is secured by way of a fixed and floating charge on the Company's assets as agreed in a debenture with the lender.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Joyce FCCA (Senior Statutory Auditor)
for and on behalf of Hysons Accountants LLP, Statutory Auditor

10. ULTIMATE CONTROLLING PARTY

The Company was controlled throughout the period by its parent organisation, Test Valley Borough Council of Beech Hurst, Weyhill Road, Andover, Hampshire, SP10 3AJ.