Silverfin false false 31/12/2023 01/05/2023 31/12/2023 Adrian John Robinson 15/04/2004 Claire Louise Robinson 05/12/2007 04 September 2024 The principal activity of the company in the year under review was that of travel agents. 05100241 2023-12-31 05100241 bus:Director1 2023-12-31 05100241 bus:Director2 2023-12-31 05100241 2023-04-30 05100241 core:CurrentFinancialInstruments 2023-12-31 05100241 core:CurrentFinancialInstruments 2023-04-30 05100241 core:Non-currentFinancialInstruments 2023-12-31 05100241 core:Non-currentFinancialInstruments 2023-04-30 05100241 core:ShareCapital 2023-12-31 05100241 core:ShareCapital 2023-04-30 05100241 core:RetainedEarningsAccumulatedLosses 2023-12-31 05100241 core:RetainedEarningsAccumulatedLosses 2023-04-30 05100241 core:OtherResidualIntangibleAssets 2023-04-30 05100241 core:OtherResidualIntangibleAssets 2023-12-31 05100241 core:OtherPropertyPlantEquipment 2023-04-30 05100241 core:OtherPropertyPlantEquipment 2023-12-31 05100241 bus:OrdinaryShareClass1 2023-12-31 05100241 2023-05-01 2023-12-31 05100241 bus:FilletedAccounts 2023-05-01 2023-12-31 05100241 bus:SmallEntities 2023-05-01 2023-12-31 05100241 bus:AuditExemptWithAccountantsReport 2023-05-01 2023-12-31 05100241 bus:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 05100241 bus:Director1 2023-05-01 2023-12-31 05100241 bus:Director2 2023-05-01 2023-12-31 05100241 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-05-01 2023-12-31 05100241 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2023-12-31 05100241 2022-05-01 2023-04-30 05100241 core:OtherPropertyPlantEquipment 2023-05-01 2023-12-31 05100241 core:Non-currentFinancialInstruments 2023-05-01 2023-12-31 05100241 bus:OrdinaryShareClass1 2023-05-01 2023-12-31 05100241 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05100241 (England and Wales)

VALUEVISITS LIMITED

Unaudited Financial Statements
For the financial period from 01 May 2023 to 31 December 2023
Pages for filing with the registrar

VALUEVISITS LIMITED

Unaudited Financial Statements

For the financial period from 01 May 2023 to 31 December 2023

Contents

VALUEVISITS LIMITED

COMPANY INFORMATION

For the financial period from 01 May 2023 to 31 December 2023
VALUEVISITS LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 May 2023 to 31 December 2023
DIRECTORS Adrian John Robinson
Claire Louise Robinson
SECRETARY Claire Louise Robinson
REGISTERED OFFICE 27 Ashbourne Way
York
YO24 2SW
United Kingdom
COMPANY NUMBER 05100241 (England and Wales)
ACCOUNTANT Brodericks (York) Ltd
Wellington House
Aviator Court
York
YO30 4UZ
VALUEVISITS LIMITED

BALANCE SHEET

As at 31 December 2023
VALUEVISITS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 30.04.2023
£ £
Fixed assets
Tangible assets 5 1,276 1,566
1,276 1,566
Current assets
Debtors 6 9,539 75,829
Cash at bank and in hand 7 53,184 14,703
62,723 90,532
Creditors: amounts falling due within one year 8 ( 26,351) ( 50,655)
Net current assets 36,372 39,877
Total assets less current liabilities 37,648 41,443
Creditors: amounts falling due after more than one year 9 ( 13,100) ( 17,610)
Net assets 24,548 23,833
Capital and reserves
Called-up share capital 10 2 2
Profit and loss account 24,546 23,831
Total shareholders' funds 24,548 23,833

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Valuevisits Limited (registered number: 05100241) were approved and authorised for issue by the Board of Directors on 04 September 2024. They were signed on its behalf by:

Claire Louise Robinson
Director
VALUEVISITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 December 2023
VALUEVISITS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Valuevisits Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 27 Ashbourne Way, York, YO24 2SW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements are for the eight months ended 31 December 2023. The comparatives are for the year ended 30 April 2023.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
01.05.2023 to
31.12.2023
Year ended
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 3

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 May 2023 22,995 22,995
At 31 December 2023 22,995 22,995
Accumulated amortisation
At 01 May 2023 22,995 22,995
At 31 December 2023 22,995 22,995
Net book value
At 31 December 2023 0 0
At 30 April 2023 0 0

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 3,177 3,177
Disposals ( 1,004) ( 1,004)
At 31 December 2023 2,173 2,173
Accumulated depreciation
At 01 May 2023 1,611 1,611
Charge for the financial period 290 290
Disposals ( 1,004) ( 1,004)
At 31 December 2023 897 897
Net book value
At 31 December 2023 1,276 1,276
At 30 April 2023 1,566 1,566

6. Debtors

31.12.2023 30.04.2023
£ £
Trade debtors 0 69,079
Other debtors 9,539 6,750
9,539 75,829

7. Cash and cash equivalents

31.12.2023 30.04.2023
£ £
Cash at bank and in hand 53,184 14,703

8. Creditors: amounts falling due within one year

31.12.2023 30.04.2023
£ £
Bank loans 6,600 6,600
Trade creditors 0 410
Taxation and social security 8,775 4,165
Other creditors 10,976 39,480
26,351 50,655

9. Creditors: amounts falling due after more than one year

31.12.2023 30.04.2023
£ £
Bank loans 13,100 17,610

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

31.12.2023 30.04.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2