REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
Valley Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
Valley Properties Limited |
Valley Properties Limited (Registered number: 05525044) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Balance Sheet | 1 |
Valley Properties Limited (Registered number: 05525044) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Valley Properties Limited is a |
Registered number: |
Registered office: |
2. | CASH AND CASH EQUIVALENTS |
Cash and cash equivalents are represented by cash at bank. |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2023 - NIL). |
Valley Properties Limited (Registered number: 05525044) |
Balance Sheet - continued |
31 August 2024 |
NOTES TO THE FINANCIAL STATEMENTS |
4. | NOTES TO THE FINANCIAL STATEMENTS |
TRADE AND OTHER CREDITORS |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost. |
INVESTMENT PROPERTY |
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment |
properties are initially measured at cost, including transaction costs. |
Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss the period which they arise. |
TAXATION |
Taxation for the year/period comprises current and deferred tax. Tax is recognised in the profit and loss account 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. |
The directors acknowledge their 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. |
Valley Properties Limited (Registered number: 05525044) |
Balance Sheet - continued |
31 August 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |