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Registration number: 08741198

Valcura Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Valcura Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Valcura Limited

Company Information

Director:

Mr Christopher Hyman

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

08741198

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Valcura Limited

(Registration number: 08741198)
Balance Sheet as at 31 March 2024

Note

31.03.24

31.03.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

-

 

710

CURRENT ASSETS

   

 

Debtors

5

22,618

 

24,622

 

Cash at bank and in hand

 

909

 

5,407

 

 

23,527

 

30,029

 

CREDITORS

   

 

Creditors within 1yr

6

319,434

 

249,520

 

Net current liabilities

   

(295,907)

 

(219,491)

Total assets less current liabilities

   

(295,907)

 

(218,781)

Creditors
Amounts falling due after more than one year

6

 

12,500

 

22,500

Net liabilities

   

(308,407)

 

(241,281)

CAPITAL AND RESERVES

   

 

Called up share capital

 

1,000

 

1,000

Profit and loss account

 

(309,407)

 

(242,281)

Shareholders' deficit

   

(308,407)

 

(241,281)

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Valcura Limited

(Registration number: 08741198)
Balance Sheet as at 31 March 2024 (continued)

Approved and authorised by the director on 27 March 2025

.........................................
Mr Christopher Hyman
Director

 

Valcura Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 27 March 2025.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the director will continue to support the company for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Valcura Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives.

Computer equipments

25% on straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Valcura Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Valcura Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4.

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2023

4,097

4,097

At 31 March 2024

4,097

4,097

Depreciation

At 1 April 2023

3,387

3,387

Charge for the year

710

710

At 31 March 2024

4,097

4,097

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

710

710

5.

Debtors

Current

Note

31.03.24
£

31.03.23
£

Trade debtors

 

6,641

6,641

Amounts owed by related parties

180

-

Other debtors

 

15,797

17,981

   

22,618

24,622

 

Valcura Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6.

Creditors

Creditors: amounts falling due within one year

Note

31.03.24
£

31.03.23
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Trade creditors

 

68,798

9,931

Taxation and social security

 

419

53

Accruals and deferred income

 

6,800

4,000

Other creditors

 

233,417

225,536

 

319,434

249,520

Included in other creditors is a loan from the director of £233,417 (2023-£179,390.75) No interest rate or repayment terms have been set.

Creditors: amounts falling due after more than one year

31.03.24
£

31.03.23
£

Due after one year

Other non-current financial liabilities

12,500

22,500

7.

Loans and borrowings

31.03.24
£

31.03.23
£

Current loans and borrowings

Bank borrowings

10,000

10,000