Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04888481 2023-04-01 2024-03-31 04888481 2024-03-31 04888481 2022-04-01 2023-03-31 04888481 2023-03-31 04888481 2022-04-01 04888481 5 2022-04-01 2023-03-31 04888481 d:Director1 2023-04-01 2024-03-31 04888481 d:Director2 2023-04-01 2024-03-31 04888481 d:Director3 2023-04-01 2024-03-31 04888481 d:Director4 2023-04-01 2024-03-31 04888481 d:RegisteredOffice 2023-04-01 2024-03-31 04888481 e:Buildings 2023-04-01 2024-03-31 04888481 e:Buildings 2024-03-31 04888481 e:Buildings 2023-03-31 04888481 e:MotorVehicles 2023-04-01 2024-03-31 04888481 e:MotorVehicles 2024-03-31 04888481 e:MotorVehicles 2023-03-31 04888481 e:FurnitureFittings 2023-04-01 2024-03-31 04888481 e:FurnitureFittings 2024-03-31 04888481 e:FurnitureFittings 2023-03-31 04888481 e:CurrentFinancialInstruments 2024-03-31 04888481 e:CurrentFinancialInstruments 2023-03-31 04888481 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 04888481 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 04888481 e:ShareCapital 2023-04-01 2024-03-31 04888481 e:ShareCapital 2024-03-31 04888481 e:ShareCapital 2023-03-31 04888481 e:ShareCapital 2022-04-01 04888481 e:RevaluationReserve 2023-04-01 2024-03-31 04888481 e:RevaluationReserve 2024-03-31 04888481 e:RevaluationReserve 2022-04-01 2023-03-31 04888481 e:RevaluationReserve 2023-03-31 04888481 e:RevaluationReserve 2022-04-01 04888481 e:RevaluationReserve 5 2022-04-01 2023-03-31 04888481 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04888481 e:RetainedEarningsAccumulatedLosses 2024-03-31 04888481 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 04888481 e:RetainedEarningsAccumulatedLosses 2023-03-31 04888481 e:RetainedEarningsAccumulatedLosses 2022-04-01 04888481 d:FRS102 2023-04-01 2024-03-31 04888481 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04888481 d:FullAccounts 2023-04-01 2024-03-31 04888481 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04888481 2 2023-04-01 2024-03-31 04888481 5 2023-04-01 2024-03-31 04888481 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 04888481







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


VALLER INVESTMENT COMPANY LIMITED






































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VALLER INVESTMENT COMPANY LIMITED
 


 
COMPANY INFORMATION


Directors
J R Valler 
R J Valler 
D K Valler 
R G Valler 




Registered number
04888481



Registered office
St Georges
Rondle Wood

Milland

Liphook

Hampshire

GU30 7LA




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


VALLER INVESTMENT COMPANY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3 - 4
Notes to the Financial Statements
5 - 9


 


VALLER INVESTMENT COMPANY LIMITED
REGISTERED NUMBER:04888481



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
4,285,223
4,208,419

  
4,285,223
4,208,419

Current assets
  

Debtors: amounts falling due within one year
 5 
66,988
93,237

Bank and cash balances
  
1,527,587
1,691,113

  
1,594,575
1,784,350

Creditors: amounts falling due within one year
 6 
(116,625)
(333,465)

Net current assets
  
 
 
1,477,950
 
 
1,450,885

Total assets less current liabilities
  
5,763,173
5,659,304

Provisions for liabilities
  

Deferred tax
  
(694,962)
(513,578)

  
 
 
(694,962)
 
 
(513,578)

Net assets
  
5,068,211
5,145,726


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Revaluation reserve
  
1,558,332
1,558,332

Profit and loss account
  
3,508,879
3,586,394

  
5,068,211
5,145,726


Page 1

 


VALLER INVESTMENT COMPANY LIMITED
REGISTERED NUMBER:04888481


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
J R Valler
Director

Date: 27 November 2024

Page 2

 


VALLER INVESTMENT COMPANY LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
1,000
1,558,332
3,586,394
5,145,726


Comprehensive income for the year

Loss for the year
-
-
(77,515)
(77,515)
Total comprehensive income for the year
-
-
(77,515)
(77,515)


At 31 March 2024
1,000
1,558,332
3,508,879
5,068,211


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 


VALLER INVESTMENT COMPANY LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
1,000
2,147,828
3,008,635
5,157,463


Comprehensive income for the year

Loss for the year
-
-
(11,737)
(11,737)

Surplus on revaluation of freehold property
-
-
589,496
589,496


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
(589,496)
-
(589,496)


At 31 March 2023
1,000
1,558,332
3,586,394
5,145,726


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 


VALLER INVESTMENT COMPANY LIMITED
 


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

1.


General information

Valler Investment Comany Limited is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is rent and service charges receivable for the period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 


VALLER INVESTMENT COMPANY LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
over 4 years
Fixtures and fittings
-
over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 


VALLER INVESTMENT COMPANY LIMITED
 


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

2.Accounting policies (continued)

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 7

 


VALLER INVESTMENT COMPANY LIMITED
 


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

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
4,208,415
30,483
8,843
4,247,741


Disposals
-
-
(1,323)
(1,323)


Revaluations
76,807
-
-
76,807



At 31 March 2024

4,285,222
30,483
7,520
4,323,225



Depreciation


At 1 April 2023
-
30,483
8,839
39,322


Disposals
-
-
(1,320)
(1,320)



At 31 March 2024

-
30,483
7,519
38,002



Net book value



At 31 March 2024
4,285,222
-
1
4,285,223



At 31 March 2023
4,208,415
-
4
4,208,419

Page 8

 


VALLER INVESTMENT COMPANY LIMITED
 


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

5.


Debtors

2024
2023
£
£


Other debtors
64,831
87,427

Prepayments and accrued income
2,157
5,810

66,988
93,237



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,064
225,722

Other creditors
38,725
37,958

Accruals and deferred income
70,836
69,785

116,625
333,465


 
Page 9