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REGISTERED NUMBER: 05152331 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VALENTINE THOMAS & PARTNERS LIMITED

VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALENTINE THOMAS & PARTNERS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: B J Reid Thomas





SECRETARY: B J Reid Thomas





REGISTERED OFFICE: International House
36-38 Cornhill
London
EC3V 3NG





REGISTERED NUMBER: 05152331 (England and Wales)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,799 6,208

CURRENT ASSETS
Debtors 5 70,803 226,853
Cash at bank 1,020,780 590,270
1,091,583 817,123
CREDITORS
Amounts falling due within one year 6 449,249 236,929
NET CURRENT ASSETS 642,334 580,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,133

586,402

PROVISIONS FOR LIABILITIES 7 1,632 1,490
NET ASSETS 647,501 584,912

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 647,401 584,812
SHAREHOLDERS' FUNDS 647,501 584,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)

BALANCE SHEET - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





B J Reid Thomas - Director


VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Valentine Thomas & Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax, for the activities of an executive search and advisory agency.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 21,373
Additions 4,264
At 31 December 2024 25,637
DEPRECIATION
At 1 January 2024 15,165
Charge for year 3,673
At 31 December 2024 18,838
NET BOOK VALUE
At 31 December 2024 6,799
At 31 December 2023 6,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,520 210,114
Other debtors 17,283 16,739
70,803 226,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39 2,211
Taxation and social security 105,182 63,759
Other creditors 344,028 170,959
449,249 236,929

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,632 1,490

Deferred
tax
£   
Balance at 1 January 2024 1,490
Provided during year 142
Balance at 31 December 2024 1,632

VALENTINE THOMAS & PARTNERS LIMITED (REGISTERED NUMBER: 05152331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
58 Ordinary £1 58 58
40 Ordinary A £1 40 40
2 Ordinary B £1 2 2
100 100

Ordinary A and Ordinary B shares rank parri passu in terms of: voting rights, each share being entitled to one vote; rights to participate in any distribution of capital on winding up of the company; rights to a varying dividend as a class of share whereas the rights attached to Ordinary shares in so far as dividends, voting, return of capital in a capital winding up and regarding transferability are all equal.

9. RELATED PARTY DISCLOSURES

Included in "Other creditors" is an amount of £3,936 (2023 - £4,108) due to the director from the company. The loan is interest free and repayable on demand.