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REGISTERED NUMBER: 02985362 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Valley House in the Vineyard Limited

Valley House in the Vineyard Limited (Registered number: 02985362)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Valley House in the Vineyard Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: V M Gilbert
B K Wilkinson
A Dawson-Shepherd





SECRETARY: V M Gilbert





REGISTERED OFFICE: Valley House
Elham Valley Vineyard
Breach Barham
CANTERBURY
Kent
CT4 6LN





REGISTERED NUMBER: 02985362 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
74 College Road
Maidstone
Kent
ME15 6SL

Valley House in the Vineyard Limited (Registered number: 02985362)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 883,756 894,835

CURRENT ASSETS
Debtors 5 11,086 3,605
Cash at bank and in hand 166,070 167,490
177,156 171,095
CREDITORS
Amounts falling due within one year 6 17,875 9,951
NET CURRENT ASSETS 159,281 161,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,037

1,055,979

PROVISIONS FOR LIABILITIES 70,168 70,168
NET ASSETS 972,869 985,811

CAPITAL AND RESERVES
Called up share capital 288,000 288,000
Share premium 21,810 21,810
Revaluation reserve 7 590,002 590,002
Retained earnings 73,057 85,999
SHAREHOLDERS' FUNDS 972,869 985,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2023 and were signed on its behalf by:





V M Gilbert - Director


Valley House in the Vineyard Limited (Registered number: 02985362)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Valley House in the Vineyard 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents receipts from the Department of Social Security, Local Authorities, the residents and their relatives.

Tangible fixed assets
Buildings- 2% on cost
Plant and Machinery etc- 25% reducing balance or 20% on cost
Vehicles- 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

Valley House in the Vineyard Limited (Registered number: 02985362)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2022 885,000 32,640 917,640
Additions - 1,200 1,200
At 31st March 2023 885,000 33,840 918,840
DEPRECIATION
At 1st April 2022 - 22,805 22,805
Charge for year 8,850 3,429 12,279
At 31st March 2023 8,850 26,234 35,084
NET BOOK VALUE
At 31st March 2023 876,150 7,606 883,756
At 31st March 2022 885,000 9,835 894,835

Cost or valuation at 31st March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2001 384,439 - 384,439
Valuation in 2008 170,082 - 170,082
Valuation in 2022 330,479 - 330,479
Cost - 33,840 33,840
885,000 33,840 918,840

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 380,869 380,869
Aggregate depreciation 117,135 117,135

Value of land in freehold land and buildings 120,930 120,930

Freehold land and buildings were valued on an open market basis on 13th December 2007 by Stuart Wood BSc (Hons) MRICS .

Land has been leased to The Fifth Trust in connection with its Day Centre Activities. The term is for 25 years from 1st July 2010 at a peppercorn rent. The Company has the right to terminate the lease with 5 years notice to the tenant.

Valley House in the Vineyard Limited (Registered number: 02985362)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 846
Other debtors 11,086 2,759
11,086 3,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,002 3,719
Trade creditors (287 ) 207
Taxation and social security (3 ) 3,063
Other creditors 15,163 2,962
17,875 9,951

7. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 590,002