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REGISTERED NUMBER: 09878575 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

VALUSTAT LIMITED

VALUSTAT LIMITED (REGISTERED NUMBER: 09878575)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALUSTAT LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: D M Arackal
D Markose
P Ravindranathan





REGISTERED OFFICE: Magma House
16 Davy Court
Castle Mound Way
Warwickshire
CV23 0UZ





REGISTERED NUMBER: 09878575 (England and Wales)






VALUSTAT LIMITED (REGISTERED NUMBER: 09878575)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash in hand 6 6

CREDITORS
Amounts falling due within one year 4 (4,714 ) (4,714 )
NET CURRENT LIABILITIES (4,708 ) (4,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,708

)

(4,708

)

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings (4,714 ) (4,714 )
(4,708 ) (4,708 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2024 and were signed on its behalf by:





D Markose - Director


VALUSTAT LIMITED (REGISTERED NUMBER: 09878575)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Valustat Limited is a limited company, registered in England and Wales. Its registered office address is Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ and the registered number is 09878575.

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.

The company was dormant throughout the year ended 30 November 2023. The company has not traded during the financial year. During the year the company received no income and incurred no expenditure, therefore made neither profit or loss.

Going Concern
At the year end the company had net current liabilities of £4,708 and net liabilities of £4,708. The directors have confirmed that they will continue to support the company financially for the foreseeable future and have prepared the financial statements on a going concern basis.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,516 1,516
Other creditors 3,198 3,198
4,714 4,714