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COMPANY REGISTRATION NUMBER: 07900471
Valeleigh Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Valeleigh Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Valeleigh Limited
Officers and Professional Advisers
The board of directors
Mr I A I Edwards
Mrs C S Brooks
Mr D J Roberts
Mr R J Roberts
Registered office
The Barn
Laleston
Bridgend
Wales
CF32 0HN
Accountants
Clay Shaw Thomas Ltd
Chartered accountants
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Valeleigh Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
30,841
30,841
Current assets
Debtors
5
5,779
5,599
Cash at bank and in hand
389,596
375,003
---------
---------
395,375
380,602
Creditors: amounts falling due within one year
6
31,699
27,783
---------
---------
Net current assets
363,676
352,819
---------
---------
Total assets less current liabilities
394,517
383,660
---------
---------
Capital and reserves
Called up share capital
114
114
Share premium account
374,990
374,990
Profit and loss account
19,413
8,556
---------
---------
Shareholders funds
394,517
383,660
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr I A I Edwards
Mr R J Roberts
Director
Director
Company registration number: 07900471
Valeleigh Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Barn, Laleston, Bridgend, CF32 0HN, Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Investment in group undertaking
£
Cost
At 1 July 2023 and 30 June 2024
30,841
--------
Impairment
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
30,841
--------
At 30 June 2023
30,841
--------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings
1,004
1,004
Other debtors
4,775
4,595
-------
-------
5,779
5,599
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
2,944
2,944
Social security and other taxes
3,916
Other creditors
24,839
24,839
--------
--------
31,699
27,783
--------
--------
7. Related party transactions
The company has taken exemption from disclosing related party transactions with wholly owned companies within a group. During the year the company received dividends of £1,209,715 (2023: £1,400,000) from its subsidiary undertaking, Macob Westgate Limited. At the year end the company owed £2,944 in respect of historical expenses paid for by Macob Westgate Limited. The company is related through common control.