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COMPANY REGISTRATION NUMBER: 10182473
Valentine Freehold Limited
Filleted Unaudited Financial Statements
24 March 2024
Valentine Freehold Limited
Statement of Financial Position
24 March 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
18,119
17,282
Cash at bank and in hand
50,502
53,933
--------
--------
68,621
71,215
Creditors: amounts falling due within one year
6
27,341
38,628
--------
--------
Net current assets
41,280
32,587
--------
--------
Total assets less current liabilities
41,280
32,587
Provisions
7
41,262
32,569
--------
--------
Net assets
18
18
--------
--------
Capital and reserves
Called up share capital
8
18
18
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----
Shareholders funds
18
18
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 24 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Valentine Freehold Limited
Statement of Financial Position (continued)
24 March 2024
These financial statements were approved by the board of directors and authorised for issue on 28 October 2024 , and are signed on behalf of the board by:
S J Simison
Director
Company registration number: 10182473
Valentine Freehold Limited
Notes to the Financial Statements
Year ended 24 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents service charges receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Average number of employees
During the year the average number of employees was 4 , which consisted of the directors only.
5. Debtors
2024
2023
£
£
Trade debtors
15,770
17,282
Other debtors
2,349
--------
--------
18,119
17,282
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,457
29,833
Accruals and deferred income
1,884
1,884
Other creditors
6,911
--------
--------
27,341
38,628
--------
--------
7. Provisions
Future expenditure reserve
£
At 25 March 2023
32,569
Additions
8,693
--------
At 24 March 2024
41,262
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
18
18
18
18
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----
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