VALIDSERVE LIMITED

Company Registration Number:
02926002 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

VALIDSERVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

VALIDSERVE LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 242 323
Investments: 4 1,365,000 1,365,000
Total fixed assets: 1,365,242 1,365,323
Current assets
Debtors:   1,154,651 1,131,559
Cash at bank and in hand: 601,721 560,271
Total current assets: 1,756,372 1,691,830
Creditors: amounts falling due within one year:   (44,236) (43,860)
Net current assets (liabilities): 1,712,136 1,647,970
Total assets less current liabilities: 3,077,378 3,013,293
Provision for liabilities: (221,421) (221,421)
Total net assets (liabilities): 2,855,957 2,791,872
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:5909,983909,983
Profit and loss account: 1,945,874 1,881,789
Shareholders funds: 2,855,957 2,791,872

The notes form part of these financial statements

VALIDSERVE LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 February 2025
and signed on behalf of the board by:

Name: G Haywood Esq
Status: Director

The notes form part of these financial statements

VALIDSERVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Intangible fixed assets and amortisation policy

Investment property is initially recognised at cost, which includes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value and is not depreciated.

VALIDSERVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

VALIDSERVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 152,394
At 31 May 2024 152,394
Depreciation
At 01 June 2023 152,071
Charge for year 81
At 31 May 2024 152,152
Net book value
At 31 May 2024 242
At 31 May 2023 323

VALIDSERVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

Investment property is carried at fair value determined annually by the directors, derived from 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.

VALIDSERVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Revaluation reserve

2024
£
Balance at 01 June 2023 909,983
Surplus or deficit after revaluation 0
Balance at 31 May 2024 909,983

VALIDSERVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Related party transactions

Name of the related party: G Haywood
Relationship:
Director
Description of the Transaction: The company owes to the director an interest free loan which is repayable on demand.
£
Balance at 01 June 2023 9,531
Balance at 31 May 2024 9,531
Name of the related party: H2 Property Development Partnership
Relationship:
A business in which G Haywood has a participating interest
Description of the Transaction: Property development funding loan
£
Balance at 01 June 2023 853,755
Balance at 31 May 2024 870,830