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REGISTERED NUMBER: 03937626 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

VALUATIONS U.K. LIMITED

VALUATIONS U.K. LIMITED (REGISTERED NUMBER: 03937626)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

VALUATIONS U.K. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTORS: Mrs K E Gaskins
Mr M J Gaskins
Mr R C Gaskins





SECRETARY: Mr M J Gaskins





REGISTERED OFFICE: 14 Lauriston Park
The Park
Cheltenham
Gloucestershire
GL50 2QL





REGISTERED NUMBER: 03937626 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

VALUATIONS U.K. LIMITED (REGISTERED NUMBER: 03937626)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 73,407 39,523
Tangible assets 5 9,531 7,803
82,938 47,326

CURRENT ASSETS
Debtors 6 353,076 339,151
Cash at bank 32,362 30,739
385,438 369,890
CREDITORS
Amounts falling due within one year 7 403,479 359,018
NET CURRENT (LIABILITIES)/ASSETS (18,041 ) 10,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,897

58,198

CREDITORS
Amounts falling due after more than one year 8 (23,334 ) (43,334 )

PROVISIONS FOR LIABILITIES (18,665 ) (11,826 )
NET ASSETS 22,898 3,038

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,798 2,938
SHAREHOLDERS' FUNDS 22,898 3,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs K E Gaskins - Director


VALUATIONS U.K. LIMITED (REGISTERED NUMBER: 03937626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024

1. STATUTORY INFORMATION

Valuations U.k. 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.

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

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

VALUATIONS U.K. LIMITED (REGISTERED NUMBER: 03937626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 61,980
Additions 49,000
At 30 April 2024 110,980
AMORTISATION
At 1 May 2023 22,457
Charge for year 15,116
At 30 April 2024 37,573
NET BOOK VALUE
At 30 April 2024 73,407
At 30 April 2023 39,523

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 24,256
Additions 4,786
At 30 April 2024 29,042
DEPRECIATION
At 1 May 2023 16,453
Charge for year 3,058
At 30 April 2024 19,511
NET BOOK VALUE
At 30 April 2024 9,531
At 30 April 2023 7,803

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 239,166 226,878
Other debtors 69,205 56,854
Directors' current accounts 27,806 38,044
Tax 12,257 15,581
Prepayments 4,642 1,794
353,076 339,151

VALUATIONS U.K. LIMITED (REGISTERED NUMBER: 03937626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,138 50,194
Trade creditors 291,312 264,084
Tax 29,791 18,104
Social security and other taxes 4,113 4,474
VAT 23,125 21,662
Accrued expenses - 500
403,479 359,018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 23,334 43,334

9. LEASING AGREEMENTS
The company had total guarantees and commitments at the balance sheet date of £3,795 (2023: £10,994)

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mrs K E Gaskins
Balance outstanding at start of year (38,044 ) (48,248 )
Amounts advanced 10,238 10,950
Amounts repaid - (746 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,806 ) (38,044 )

The loan is unsecured and has no repayment terms. Interest is charged at the rate of 2% per annum.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, Online Valuations Ltd, a company under common control, owed the company £10,806 and is included in other debtors. There are no repayment terms and the loan doesn't attract interest.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VALUATIONS U.K. LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valuations U.k. Limited for the year ended 30 April 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Valuations U.k. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Valuations U.k. Limited and state those matters that we have agreed to state to the Board of Directors of Valuations U.k. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valuations U.k. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Valuations U.k. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Valuations U.k. Limited. You consider that Valuations U.k. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Valuations U.k. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................