2023-07-012024-06-302024-06-30false10801686Valley Cottage Developments 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Valley Cottage Developments Ltd

Registered Number
10801686
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Valley Cottage Developments Ltd
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

A Wakeling
D V Wakeling

Registered Address

21a Newland
Lincoln
LN1 1XP

Place of Business

The Old Butchers, 67 Maplewell Road

Woodhouse Eaves

Loughborough

Leicestershire

LE12 8RG


Registered Number

10801686 (England and Wales)
Valley Cottage Developments Ltd
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,051725
1,051725
Current assets
Debtors41,9202,546
Cash at bank and on hand30,93237,426
32,85239,972
Creditors amounts falling due within one year5(6,310)(30,228)
Net current assets (liabilities)26,5429,744
Total assets less current liabilities27,59310,469
Provisions for liabilities6(200)(93)
Net assets27,39310,376
Capital and reserves
Called up share capital100100
Profit and loss account27,29310,276
Shareholders' funds27,39310,376
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
D V Wakeling
Director
Registered Company No. 10801686
Valley Cottage Developments Ltd
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 231,4181,418
Additions589589
At 30 June 242,0072,007
Depreciation and impairment
At 01 July 23693693
Charge for year263263
At 30 June 24956956
Net book value
At 30 June 241,0511,051
At 30 June 23725725
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,5002,500
Other debtors42046
Total1,9202,546
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,884-
Other creditors36628,169
Accrued liabilities and deferred income2,0602,059
Total6,31030,228
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)20093
Total20093