Registered number
12550193
Valley Vista Ltd
Filleted Accounts
30 April 2024
Valley Vista Ltd
Registered number: 12550193
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 319,197 330,735
Investments 4 500,025 500,025
819,222 830,760
Current assets
Stocks 55,413 41,262
Debtors 5 13,857 13,857
Cash at bank and in hand 33,132 4,316
102,402 59,435
Creditors: amounts falling due within one year 6 (213,340) (161,544)
Net current liabilities (110,938) (102,109)
Total assets less current liabilities 708,284 728,651
Creditors: amounts falling due after more than one year 7 (520,372) (592,041)
Net assets 187,912 136,610
Capital and reserves
Called up share capital 125 125
Profit and loss account 187,787 136,485
Shareholders' funds 187,912 136,610
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Taylor
Director
Approved by the board on 30 June 2024
Valley Vista Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings over 30 years
Plant & equipment over 5 years
Fixtures & fittings over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 20
3 Tangible fixed assets
Land and buildings Plant & equipment Fixtures & fittings Total
£ £ £ £
Cost
At 1 May 2023 263,050 24,858 87,735 375,643
Additions - 16,982 2,771 19,753
At 30 April 2024 263,050 41,840 90,506 395,396
Depreciation
At 1 May 2023 19,660 4,858 20,390 44,908
Charge for the year 8,770 4,970 17,551 31,291
At 30 April 2024 28,430 9,828 37,941 76,199
Net book value
At 30 April 2024 234,620 32,012 52,565 319,197
At 30 April 2023 243,390 20,000 67,345 330,735
4 Investments
Other
investments
£
Cost
At 1 May 2023 500,025
At 30 April 2024 500,025
5 Debtors 2024 2023
£ £
Other debtors 13,857 13,857
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 100,961 97,889
Taxation and social security costs 59,679 42,493
Other creditors 52,700 21,162
213,340 161,544
7 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares 500,000 500,000
Directors loan 20,372 92,041
520,372 592,041
8 Controlling party
The company is controlled by Mr A Taylor.
9 Other information
Valley Vista Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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