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REGISTERED NUMBER: 07992064 (England and Wales)






















Valletta Surplus Limited

Financial Statements for the Year Ended 31 December 2023






Valletta Surplus Limited (Registered number: 07992064)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Valletta Surplus Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: B Sonley
V Petraityte
S Chapman
P J Spencer
M Hoe
R Gray





REGISTERED OFFICE: Valletta House
Valletta Street
Hedon Road
Hull
East Yorkshire
HU9 5NP





REGISTERED NUMBER: 07992064 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Valletta Surplus Limited (Registered number: 07992064)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,608 9,612

CURRENT ASSETS
Debtors 5 211,997 153,446
Cash at bank 4,316 -
216,313 153,446
CREDITORS
Amounts falling due within one year 6 94,760 58,268
NET CURRENT ASSETS 121,553 95,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,161

104,790

PROVISIONS FOR LIABILITIES 1,901 2,402
NET ASSETS 127,260 102,388

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 117,260 92,388
127,260 102,388

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 31 May 2024 and were signed on its behalf by:





B Sonley - Director


Valletta Surplus Limited (Registered number: 07992064)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Valletta Surplus 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.

Going Concern
The directors, having considered the budgets and forecasts for the period to December 2024, have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

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.
Plant and machinery etc - 6.67% on cost

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 6 (2022 - 5 ) .

Valletta Surplus Limited (Registered number: 07992064)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 30,203
DEPRECIATION
At 1 January 2023 20,591
Charge for year 2,004
At 31 December 2023 22,595
NET BOOK VALUE
At 31 December 2023 7,608
At 31 December 2022 9,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,000 -
Amounts owed by group undertakings 196,997 153,446
211,997 153,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 76,088 54,060
Taxation and social security 18,672 4,208
94,760 58,268

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

The Report of the Auditors was unqualified.

Michael Stocks ACA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

8. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Hallmark Group Holdings Limited, a company registered in
England and Wales, and whose registered office is Valletta House, Valletta Street, Hedon Road, Hull,
East Yorkshire, HU9 5NP. Hallmark Door Systems Group Limited is the ultimate parent undertaking
and the smallest and largest group which consolidates the financial information of the company.