VALOR FINANCIAL (UK) LTD.

Company Registration Number:
10172257 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

VALOR FINANCIAL (UK) LTD.

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

VALOR FINANCIAL (UK) LTD.

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Called up share capital not paid: 1,000,000 0
Fixed assets
Intangible assets: 3 128,000 128,000
Tangible assets: 4 751,000 751,000
Investments: 5 275,000 275,000
Total fixed assets: 1,154,000 1,154,000
Current assets
Stocks: 0 0
Debtors:   0 0
Cash at bank and in hand: 1,500,000 6,539,000
Investments:   1,150,000 1,150,000
Total current assets: 2,650,000 7,689,000
Creditors: amounts falling due within one year:   (525,000) (125,000)
Net current assets (liabilities): 2,125,000 7,564,000
Total assets less current liabilities: 4,279,000 8,718,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (2,750,000) (85,000)
Total net assets (liabilities): 1,529,000 8,633,000
Capital and reserves
Called up share capital: 1,500,000 500,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 29,000 8,133,000
Shareholders funds: 1,529,000 8,633,000

The notes form part of these financial statements

VALOR FINANCIAL (UK) LTD.

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 May 2024
and signed on behalf of the board by:

Name: Herold W. Buddington
Status: Director

The notes form part of these financial statements

VALOR FINANCIAL (UK) LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VALOR FINANCIAL (UK) LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 17 58

VALOR FINANCIAL (UK) LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Intangible Assets

Total
Cost £
At 01 June 2022 128,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2023 128,000
Amortisation
At 01 June 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 May 2023 0
Net book value
At 31 May 2023 128,000
At 31 May 2022 128,000

VALOR FINANCIAL (UK) LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 June 2022 751,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2023 751,000
Depreciation
At 01 June 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 May 2023 0
Net book value
At 31 May 2023 751,000
At 31 May 2022 751,000

VALOR FINANCIAL (UK) LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Fixed investments

Investment in Palladium project (UK) and in MyClass project