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REGISTERED NUMBER: 10157625 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VALLEY HOUSING LTD

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALLEY HOUSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D J Tasker
Mr J Moody


REGISTERED OFFICE: Beech Hurst
Weyhill Road
Andover
Hampshire
SP10 3AJ


REGISTERED NUMBER: 10157625 (England and Wales)


SENIOR STATUTORY
AUDITOR:
Christopher Joyce FCCA


AUDITORS: Hysons Audit Services Ltd, Statutory Auditor
14 London Street
Andover
Hampshire
SP10 2PA


BANKERS: Barclays Bank plc
5 High Street
Andover
Hampshire
SP10 1LN

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 30,214 49,863
Cash at bank 128,804 63,524
159,018 113,387
CREDITORS
Amounts falling due within one year 6 123,753 96,255
NET CURRENT ASSETS 35,265 17,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,265

17,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,165 17,032
SHAREHOLDERS' FUNDS 35,265 17,132

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:




Mr D J Tasker - Director



Mr J Moody - Director


VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Valley Housing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss over the period under review.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,189 2,255
TVBC lease debtor - 18,841
Deposits held by Agent 26,963 27,310
Prepayments 2,062 1,457
30,214 49,863

VALLEY HOUSING LTD (REGISTERED NUMBER: 10157625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,686 9
Amounts owed to group undertakings 40,000 40,000
Tax 4,253 3,995
Tenant's deposits 26,963 26,057
Accrued expenses 8,245 19,165
Deferred income 8,606 7,029
123,753 96,255

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 143,620 150,345
Between one and five years 574,480 574,480
In more than five years 1,529,805 1,673,425
2,247,905 2,398,250

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Amounts owed to parent company 40,000 40,000

The above creditor is secured by way of a fixed and floating charge on the Company's assets as agreed in a debenture with the lender.

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

The Report of the Auditors was unqualified.

Christopher Joyce FCCA (Senior Statutory Auditor)
for and on behalf of Hysons Audit Services Ltd, Statutory Auditor

10. ULTIMATE CONTROLLING PARTY

The Company was controlled throughout the period by its parent organisation, Test Valley Borough Council of Beech Hurst, Weyhill Road, Andover, Hampshire, SP10 3AJ.