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REGISTERED NUMBER: SC314530 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Valentine Properties & Investments
Limited

Valentine Properties & Investments
Limited (Registered number: SC314530)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Valentine Properties & Investments
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M Z H Abbas





SECRETARIES: M Z H Abbas
M Z Khaliq





REGISTERED OFFICE: 263A Kelvindale Road
G12 0QU





REGISTERED NUMBER: SC314530 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Valentine Properties & Investments
Limited (Registered number: SC314530)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,187 88,209

CURRENT ASSETS
Debtors 5 30,105 30,105
Cash at bank 4,781 2,485
34,886 32,590
CREDITORS
Amounts falling due within one year 6 13,261 12,713
NET CURRENT ASSETS 21,625 19,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,812

108,086

CREDITORS
Amounts falling due after more than one
year

7

64,380

64,380
NET ASSETS 45,432 43,706

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 45,332 43,606
SHAREHOLDERS' FUNDS 45,432 43,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Valentine Properties & Investments
Limited (Registered number: SC314530)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 28 October 2024 and were signed by:





M Z H Abbas - Director


Valentine Properties & Investments
Limited (Registered number: SC314530)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Valentine Properties & Investments Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furnishings & fittings - 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Valentine Properties & Investments
Limited (Registered number: SC314530)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Freehold Property Furnishings
property improvements & fittings Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 86,363 1,700 840 88,903
DEPRECIATION
At 1 February 2023 - - 694 694
Charge for year - - 22 22
At 31 January 2024 - - 716 716
NET BOOK VALUE
At 31 January 2024 86,363 1,700 124 88,187
At 31 January 2023 86,363 1,700 146 88,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Loan a/c Zay B 30,000 30,000
Loan: Ul Haq & Ul Haq
Investments Ltd 1 1
Prepayments 104 104
30,105 30,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Creditors & accrued charges 2,414 2,325
Loan a/c - S Yasmin 9,330 9,330
Tax 720 689
Directors' current accounts 797 369
13,261 12,713

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 8) 64,380 64,380

Valentine Properties & Investments
Limited (Registered number: SC314530)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due between two and five years:
Loan - R Y Naroo 11,000 11,000
Loan - S & A Property
Investments Ltd 25,000 25,000
Loan: Riaz Begum 18,380 18,380
Loan: M Atif 10,000 10,000
64,380 64,380

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 43,606
Profit for the year 1,726
At 31 January 2024 45,332