Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04209281 2023-06-30 04209281 2023-07-01 2024-06-30 04209281 2022-08-01 2023-07-31 04209281 2024-06-30 04209281 2023-07-31 04209281 2022-08-01 04209281 c:Director1 2023-07-01 2024-06-30 04209281 d:FurnitureFittings 2023-07-01 2024-06-30 04209281 d:FurnitureFittings 2024-06-30 04209281 d:FurnitureFittings 2023-07-31 04209281 d:OfficeEquipment 2024-06-30 04209281 d:OfficeEquipment 2023-07-31 04209281 d:ComputerEquipment 2023-07-01 2024-06-30 04209281 d:FreeholdInvestmentProperty 2024-06-30 04209281 d:FreeholdInvestmentProperty 2023-07-31 04209281 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 04209281 d:CurrentFinancialInstruments 2024-06-30 04209281 d:CurrentFinancialInstruments 2023-07-31 04209281 d:Non-currentFinancialInstruments 2024-06-30 04209281 d:Non-currentFinancialInstruments 2023-07-31 04209281 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04209281 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04209281 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04209281 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04209281 d:ShareCapital 2024-06-30 04209281 d:ShareCapital 2023-07-31 04209281 d:RevaluationReserve 2024-06-30 04209281 d:RevaluationReserve 2023-07-31 04209281 d:RetainedEarningsAccumulatedLosses 2024-06-30 04209281 d:RetainedEarningsAccumulatedLosses 2023-07-31 04209281 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04209281 c:OrdinaryShareClass1 2024-06-30 04209281 c:OrdinaryShareClass1 2023-07-31 04209281 c:FRS102 2023-07-01 2024-06-30 04209281 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04209281 c:FullAccounts 2023-07-01 2024-06-30 04209281 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04209281 2 2023-07-01 2024-06-30 04209281 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 04209281 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 04209281 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 04209281 d:TaxLossesCarry-forwardsDeferredTax 2023-07-31 04209281 d:OtherDeferredTax 2024-06-30 04209281 d:OtherDeferredTax 2023-07-31 04209281 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04209281










VALEGLADE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
VALEGLADE LIMITED
REGISTERED NUMBER: 04209281

BALANCE SHEET
AS AT 30 JUNE 2024

30 June 2024
31 July 2023
Note
£
£

Fixed assets
  

Investment property
 5 
3,215,000
3,115,000

  
3,215,000
3,115,000

Current assets
  

Debtors: amounts falling due within one year
 6 
10,909
15,563

Cash at bank and in hand
  
215,927
193,103

  
226,836
208,666

Creditors: amounts falling due within one year
 7 
(1,308,161)
(1,324,180)

Net current liabilities
  
 
 
(1,081,325)
 
 
(1,115,514)

Total assets less current liabilities
  
2,133,675
1,999,486

Creditors: amounts falling due after more than one year
 8 
(180,301)
(191,158)

Provisions for liabilities
  

Deferred tax
 9 
(17,213)
-

  
 
 
(17,213)
 
 
-

Net assets
  
1,936,161
1,808,328


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Revaluation reserve
  
48,563
(26,437)

Profit and loss account
  
1,877,598
1,824,765

  
1,936,161
1,808,328


Page 1

 
VALEGLADE LIMITED
REGISTERED NUMBER: 04209281

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 period 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 statement of comprehensive income 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: 




Dr D Briess
Director

Date: 26 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VALEGLADE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Valeglade Limited is a company limited by shares and incorporated in England and Wales. The registered office address is 2 Communications Road, Greenham Business Park, Greenham, Newbury, RG19 6AB.

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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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 Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
VALEGLADE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the period 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.8

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:

Fixtures & fittings
-
25%
Computer equipment
-
33%

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.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
VALEGLADE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
3,347
8,083
11,430



At 30 June 2024

3,347
8,083
11,430



Depreciation


At 1 July 2023
3,347
8,083
11,430



At 30 June 2024

3,347
8,083
11,430



Net book value



At 30 June 2024
-
-
-



At 30 June 2023
-
-
-

Page 5

 
VALEGLADE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
3,115,000


Surplus on revaluation
100,000



At 30 June 2024
3,215,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

30 June 2024
31 July 2023
£
£


Other debtors
1,514
659

Prepayments and accrued income
9,395
4,272

Deferred taxation
-
10,632

10,909
15,563



7.


Creditors: amounts falling due within one year

30 June 2024
31 July 2023
£
£

Bank loans
11,799
11,372

Trade creditors
9,030
-

Corporation tax
11,895
-

Other taxation and social security
3,440
3,440

Other creditors
1,228,802
1,263,586

Accruals and deferred income
43,195
45,782

1,308,161
1,324,180


Page 6

 
VALEGLADE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

30 June 2024
31 July 2023
£
£

Bank loans
180,301
191,158



9.


Deferred taxation




30 June 2024
31 July 2023


£

£






At beginning of year
10,632
6,699


Charged to profit or loss
(27,845)
3,933



At end of year
(17,213)
10,632

The deferred taxation balance is made up as follows:

30 June 2024
31 July 2023
£
£


Accelerated capital allowances
(1,025)
(1,186)

Tax losses carried forward
-
3,005

Revaluation of investment properties
(16,188)
8,813

(17,213)
10,632


10.


Share capital

30 June 2024
31 July 2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



11.


Related party transactions

Other creditors include a short term <1 year directors' loan totalling £1,205,000 (2023: £1,241,359). Interest is paid annually on £430,000 of the loan at 4% totalling £17,200 (2023: £17,200).



Page 7