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REGISTERED NUMBER: 10473835 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Valerann Uk Limited

Valerann Uk Limited (Registered number: 10473835)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Valerann Uk Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: G Jacobson
M Vardi





REGISTERED OFFICE: Work.Life Camden
13 Hawley Crescent
London
NW1 8NP





REGISTERED NUMBER: 10473835 (England and Wales)





ACCOUNTANTS: ERB London
1-2 Charterhouse Mews
London
EC1M 6BB

Valerann Uk Limited (Registered number: 10473835)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,320 19,245

CURRENT ASSETS
Debtors 5 413,091 164,675
Cash at bank 286,514 97,021
699,605 261,696
CREDITORS
Amounts falling due within one year 6 (179,338 ) (124,112 )
NET CURRENT ASSETS 520,267 137,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,587

156,829

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 379,887 215,810
Retained earnings 170,699 (58,982 )
550,587 156,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Valerann Uk Limited (Registered number: 10473835)

Balance Sheet - continued
31 December 2022


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 Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





G Jacobson - Director


Valerann Uk Limited (Registered number: 10473835)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Valerann Uk 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 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. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Trade and other creditors
Trade and other creditors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Trade and other debtors
Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.

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.

Computer equipment- 33% Straight line
Fixtures and fittings- 20% Straight line

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.


Valerann Uk Limited (Registered number: 10473835)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 30,190
Additions 23,786
At 31 December 2022 53,976
DEPRECIATION
At 1 January 2022 10,945
Charge for year 12,711
At 31 December 2022 23,656
NET BOOK VALUE
At 31 December 2022 30,320
At 31 December 2021 19,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 14,281
Amounts owed by group undertakings 105,814 109,622
Other debtors 307,277 40,772
413,091 164,675

Valerann Uk Limited (Registered number: 10473835)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 15,236 19,160
Taxation and social security 56,939 46,136
Other creditors 107,163 58,816
179,338 124,112

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK' not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Valerann Ltd, 19 Hovevey ZionStreet, Tel Aviv, Israel, 6334607.

Valerann Uk Limited

Report of the Accountants to the Directors of
Valerann Uk Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valerann Uk Ltd for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Valerann Uk Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Valerann Uk Ltd and state those matters that we have agreed to state to the director of Valerann Uk Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valerann Uk Ltd and its director for our work or for this report.

It is your duty to ensure that Valerann Uk Ltd 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 Valerann Uk Ltd. You consider that Valerann Uk Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Valerann Uk Ltd. 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.






ERB London
1-2 Charterhouse Mews
London
EC1M 6BB


23 October 2023