IRIS Accounts Productionv24.1.9.204529275director1.4.2331.3.2431.3.2400falsetruefalsefalsetruefalseFair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045292752023-03-31045292752024-03-31045292752023-04-012024-03-31045292752022-03-31045292752022-04-012023-03-31045292752023-03-3104529275ns15:EnglandWales2023-04-012024-03-3104529275ns14:PoundSterling2023-04-012024-03-3104529275ns10:Director12023-04-012024-03-3104529275ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104529275ns10:SmallEntities2023-04-012024-03-3104529275ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104529275ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104529275ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104529275ns10:AbridgedAccounts2023-04-012024-03-3104529275ns10:CompanySecretary12023-04-012024-03-3104529275ns10:RegisteredOffice2023-04-012024-03-3104529275ns5:ShareCapital2024-03-3104529275ns5:ShareCapital2023-03-3104529275ns5:RevaluationReserve2024-03-3104529275ns5:RevaluationReserve2023-03-3104529275ns5:RetainedEarningsAccumulatedLosses2024-03-3104529275ns5:RetainedEarningsAccumulatedLosses2023-03-3104529275ns5:CurrentFinancialInstruments2024-03-3104529275ns5:CurrentFinancialInstruments2023-03-3104529275ns5:PlantMachinery2023-04-012024-03-3104529275ns5:RetainedEarningsAccumulatedLosses2023-03-3104529275ns5:RevaluationReserve2023-03-3104529275ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31

REGISTERED NUMBER: 04529275 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024


FOR



VALIDUS TECHNOLOGY LIMITED


VALIDUS TECHNOLOGY LIMITED (REGISTERED NUMBER: 04529275)



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024











Page




Company Information  

1




Abridged Balance Sheet  

2




Notes to the Financial Statements  

4





VALIDUS TECHNOLOGY LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024









DIRECTOR:

Mr M Conway







SECRETARY:

Mrs S E Conway







REGISTERED OFFICE:

Hartfield Place


40-44 High Street


Northwood


Middlesex


HA6 1BN







REGISTERED NUMBER:

04529275 (England and Wales)







ACCOUNTANTS:

Robert Clow & Co


Chartered Accountants


Hartfield Place


40 - 44 High Street


Northwood


Middlesex


HA6 1BN


VALIDUS TECHNOLOGY LIMITED (REGISTERED NUMBER: 04529275)



ABRIDGED BALANCE SHEET

31 MARCH 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


ASSETS


FIXED ASSETS

Tangible assets

4

320


427



Investment property

5

490,000


490,000



490,320


490,427




CURRENT ASSETS

Debtors

77


78



Cash at bank

27,298


37,879



27,375

37,957

517,695


528,384




CAPITAL, RESERVES AND LIABILITIES


CAPITAL AND RESERVES

Called up share capital

2


2



Revaluation reserve

6

211,114


220,876



Retained earnings

6

218,280


204,762



SHAREHOLDERS' FUNDS

429,396


425,640




PROVISIONS FOR LIABILITIES

37,350


27,588




CREDITORS

CREDITORS: AMOUNTS FALLING DUE

WITHIN ONE YEAR

50,949


75,156



50,949


75,156



517,695


528,384




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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.


VALIDUS TECHNOLOGY LIMITED (REGISTERED NUMBER: 04529275)



ABRIDGED BALANCE SHEET - continued

31 MARCH 2024



The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.  


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director and authorised for issue on 22 May 2024 and were signed by:






Mr M Conway - Director



VALIDUS TECHNOLOGY LIMITED (REGISTERED NUMBER: 04529275)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024



1.

STATUTORY INFORMATION



Validus Technology 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 rental income received.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Plant and machinery etc

-

25% on reducing balance



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


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.


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 NIL (2023 - NIL).


VALIDUS TECHNOLOGY LIMITED (REGISTERED NUMBER: 04529275)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024



4.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 April 2023


and 31 March 2024

1,124




DEPRECIATION


At 1 April 2023

697




Charge for year

107




At 31 March 2024

804




NET BOOK VALUE


At 31 March 2024

320




At 31 March 2023

427




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 April 2023


and 31 March 2024

490,000




NET BOOK VALUE


At 31 March 2024

490,000




At 31 March 2023

490,000





Fair value at 31 March 2024 is represented by:

£   



Valuation in 2013

8,226




Valuation in 2014

35,000




Valuation in 2015

30,000




Valuation in 2016

70,000




Valuation in 2017

25,000




Valuation in 2022

65,000




Cost

256,774



490,000





If investment property had not been revalued it would have been included at the following historical cost:



31.3.24


31.3.23

£   

£   



Cost

256,774


256,774





Investment property was valued on an open marked basis on 31 March 2024 by the director .


VALIDUS TECHNOLOGY LIMITED (REGISTERED NUMBER: 04529275)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024



6.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 April 2023

204,762


220,876


425,638




Profit for the year

13,518


13,518




Revaluations

-


(9,762

)

(9,762

)



At 31 March 2024

218,280


211,114


429,394




7.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES


Included in other creditors is £360 (2023: £240) owed to the director.

8.

ULTIMATE CONTROLLING PARTY



The controlling party is Mr M Conway.