Silverfin false false 30/04/2024 01/05/2023 30/04/2024 R H Bucknell 22/02/2022 M A Loader 15/03/2022 E Mitchell 01/03/2024 A D Revill-Johnson 15/03/2022 T F Wigram 01/09/2024 29 January 2025 The principal activity of the Company during the financial year was that of a holding company. 13933141 2024-04-30 13933141 bus:Director1 2024-04-30 13933141 bus:Director2 2024-04-30 13933141 bus:Director3 2024-04-30 13933141 bus:Director4 2024-04-30 13933141 bus:Director5 2024-04-30 13933141 2023-04-30 13933141 core:CurrentFinancialInstruments 2024-04-30 13933141 core:CurrentFinancialInstruments 2023-04-30 13933141 core:Non-currentFinancialInstruments 2024-04-30 13933141 core:Non-currentFinancialInstruments 2023-04-30 13933141 core:ShareCapital 2024-04-30 13933141 core:ShareCapital 2023-04-30 13933141 core:RetainedEarningsAccumulatedLosses 2024-04-30 13933141 core:RetainedEarningsAccumulatedLosses 2023-04-30 13933141 core:CostValuation 2023-04-30 13933141 core:CostValuation 2024-04-30 13933141 bus:OrdinaryShareClass1 2024-04-30 13933141 bus:OrdinaryShareClass2 2024-04-30 13933141 2023-05-01 2024-04-30 13933141 bus:FilletedAccounts 2023-05-01 2024-04-30 13933141 bus:SmallEntities 2023-05-01 2024-04-30 13933141 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13933141 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13933141 bus:Director1 2023-05-01 2024-04-30 13933141 bus:Director2 2023-05-01 2024-04-30 13933141 bus:Director3 2023-05-01 2024-04-30 13933141 bus:Director4 2023-05-01 2024-04-30 13933141 bus:Director5 2023-05-01 2024-04-30 13933141 2022-02-22 2023-04-30 13933141 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 13933141 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13933141 bus:OrdinaryShareClass1 2022-02-22 2023-04-30 13933141 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 13933141 bus:OrdinaryShareClass2 2022-02-22 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13933141 (England and Wales)

VALE FOODS (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

VALE FOODS (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

VALE FOODS (HOLDINGS) LIMITED

BALANCE SHEET

As at 30 April 2024
VALE FOODS (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 30.04.2024 30.04.2023
£ £
Fixed assets
Investments 3 2,025,416 2,025,416
2,025,416 2,025,416
Current assets
Debtors 4 32,917 31,507
32,917 31,507
Creditors: amounts falling due within one year 5 ( 953,174) ( 792,132)
Net current liabilities (920,257) (760,625)
Total assets less current liabilities 1,105,159 1,264,791
Creditors: amounts falling due after more than one year 6 ( 1,114,000) ( 1,180,667)
Net (liabilities)/assets ( 8,841) 84,124
Capital and reserves
Called-up share capital 7 215,000 215,000
Profit and loss account ( 223,841 ) ( 130,876 )
Total shareholders' (deficit)/funds ( 8,841) 84,124

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Vale Foods (Holdings) Limited (registered number: 13933141) were approved and authorised for issue by the Board of Directors on 29 January 2025. They were signed on its behalf by:

M A Loader
Director
VALE FOODS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
VALE FOODS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Vale Foods (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Vale Bakery Weston Park, Heathpark, Devonshire Road, Honiton, EX14 1ST, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £8,606. The Company is supported through loan notes. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
30.04.2024
Period from
22.02.2022 to
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

30.04.2024
£
Cost
At 01 May 2023 2,025,416
At 30 April 2024 2,025,416
Carrying value at 30 April 2024 2,025,416
Carrying value at 30 April 2023 2,025,416

4. Debtors

30.04.2024 30.04.2023
£ £
Prepayments and accrued income 31,667 30,257
VAT recoverable 1,250 1,250
32,917 31,507

5. Creditors: amounts falling due within one year

30.04.2024 30.04.2023
£ £
Trade creditors 7,100 7,500
Amounts owed to Group undertakings 869,650 708,969
Other loans 66,667 66,667
Accruals 9,757 8,996
953,174 792,132

6. Creditors: amounts falling due after more than one year

30.04.2024 30.04.2023
£ £
Other creditors 1,114,000 1,180,667

There are no amounts included above in respect of which any security has been given by the small entity.

Other creditors includes £1,064,000 (2023 - £1,064,000) of investor debt.

7. Called-up share capital

30.04.2024 30.04.2023
£ £
Allotted, called-up and fully-paid
129,000 Ordinary A shares of £ 1.00 each 129,000 129,000
86,000 Ordinary B shares of £ 1.00 each 86,000 86,000
215,000 215,000