Silverfin false 30/04/2023 22/02/2022 30/04/2023 R H Bucknell 22/02/2022 M A Loader 15/03/2022 A D Revill-Johnson 15/03/2022 21 November 2023 The principal activity of the Company during the financial year was that of a holding company. 13933141 2023-04-30 13933141 bus:Director1 2023-04-30 13933141 bus:Director2 2023-04-30 13933141 bus:Director3 2023-04-30 13933141 core:CurrentFinancialInstruments 2023-04-30 13933141 core:Non-currentFinancialInstruments 2023-04-30 13933141 core:ShareCapital 2023-04-30 13933141 core:RetainedEarningsAccumulatedLosses 2023-04-30 13933141 core:AdditionsToInvestments 2023-04-30 13933141 core:CostValuation 2023-04-30 13933141 bus:OrdinaryShareClass1 2023-04-30 13933141 bus:OrdinaryShareClass2 2023-04-30 13933141 2022-02-22 2023-04-30 13933141 bus:FullAccounts 2022-02-22 2023-04-30 13933141 bus:SmallEntities 2022-02-22 2023-04-30 13933141 bus:AuditExemptWithAccountantsReport 2022-02-22 2023-04-30 13933141 bus:PrivateLimitedCompanyLtd 2022-02-22 2023-04-30 13933141 bus:Director1 2022-02-22 2023-04-30 13933141 bus:Director2 2022-02-22 2023-04-30 13933141 bus:Director3 2022-02-22 2023-04-30 13933141 1 2022-02-22 2023-04-30 13933141 core:Non-currentFinancialInstruments 2022-02-22 2023-04-30 13933141 bus:OrdinaryShareClass1 2022-02-22 2023-04-30 13933141 bus:OrdinaryShareClass2 2022-02-22 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13933141 (England and Wales)

VALE FOODS (HOLDINGS) LIMITED
(Formerly HC 1335 Limited)

Unaudited Financial Statements
For the financial period from 22 February 2022 to 30 April 2023
Pages for filing with the registrar

VALE FOODS (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial period from 22 February 2022 to 30 April 2023

Contents

VALE FOODS (HOLDINGS) LIMITED

COMPANY INFORMATION

For the financial period from 22 February 2022 to 30 April 2023
VALE FOODS (HOLDINGS) LIMITED

COMPANY INFORMATION (continued)

For the financial period from 22 February 2022 to 30 April 2023
DIRECTORS R H Bucknell
M A Loader
A D Revill-Johnson
REGISTERED OFFICE Unit 2 Duchy Road
Heathpark
Honiton
EX14 1YD
United Kingdom
COMPANY NUMBER 13933141 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
90 Victoria Street
Bristol
BS1 6DP
VALE FOODS (HOLDINGS) LIMITED

BALANCE SHEET

As at 30 April 2023
VALE FOODS (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 30.04.2023
£
Fixed assets
Investments 3 2,025,416
2,025,416
Current assets
Debtors 4 31,507
31,507
Creditors: amounts falling due within one year 5 ( 792,132)
Net current liabilities (760,625)
Total assets less current liabilities 1,264,791
Creditors: amounts falling due after more than one year 6 ( 1,180,667)
Net assets 84,124
Capital and reserves
Called-up share capital 7 215,000
Profit and loss account ( 130,876 )
Total shareholders' funds 84,124

For the financial period ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Vale Foods (Holdings) Limited (registered number: 13933141) were approved and authorised for issue by the Board of Directors on 21 November 2023. They were signed on its behalf by:

M A Loader
Director
VALE FOODS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 February 2022 to 30 April 2023
VALE FOODS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 February 2022 to 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Vale Foods (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Duchy Road, Heathpark, Honiton, EX14 1YD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
22.02.2022 to
30.04.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Investments in subsidiaries

30.04.2023
£
Cost
At 22 February 2022 0
Additions 2,025,416
At 30 April 2023 2,025,416
Carrying value at 30 April 2023 2,025,416

4. Debtors

30.04.2023
£
Prepayments and accrued income 30,257
VAT recoverable 1,250
31,507

5. Creditors: amounts falling due within one year

30.04.2023
£
Trade creditors 7,500
Amounts owed to Group undertakings 708,969
Other loans 66,667
Accruals 8,996
792,132

6. Creditors: amounts falling due after more than one year

30.04.2023
£
Other loans 1,180,667

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

30.04.2023
£
Allotted, called-up and fully-paid
129,000 Ordinary A shares of £ 1.00 each 129,000
86,000 Ordinary B shares of £ 1.00 each 86,000
215,000

Subscriber share allotted on 20 May 2022 was subsequently converted to 'B' ordinary shares.
On 20 May 2022 a further 129,000 'A' Ordinary share and 85,999 'B' shares were issued at par.