2023-01-012024-06-302024-06-30false13201639VALARY WARWICK LTD2025-03-2555100falseiso4217:GBPxbrli:pure132016392023-01-01132016392024-06-30132016392023-01-012024-06-30132016392022-01-01132016392022-12-31132016392022-01-012022-12-3113201639bus:SmallEntities2023-01-012024-06-3013201639bus:AuditExempt-NoAccountantsReport2023-01-012024-06-3013201639bus:FullAccounts2023-01-012024-06-3013201639bus:PrivateLimitedCompanyLtd2023-01-012024-06-3013201639core:WithinOneYear2024-06-3013201639core:AfterOneYear2024-06-3013201639core:WithinOneYear2022-12-3113201639core:AfterOneYear2022-12-3113201639core:ShareCapital2024-06-3013201639core:SharePremium2024-06-3013201639core:RevaluationReserve2024-06-3013201639core:OtherReservesSubtotal2024-06-3013201639core:RetainedEarningsAccumulatedLosses2024-06-3013201639core:ShareCapital2022-12-3113201639core:SharePremium2022-12-3113201639core:RevaluationReserve2022-12-3113201639core:OtherReservesSubtotal2022-12-3113201639core:RetainedEarningsAccumulatedLosses2022-12-3113201639core:LandBuildings2024-06-3013201639core:PlantMachinery2024-06-3013201639core:Vehicles2024-06-3013201639core:FurnitureFittings2024-06-3013201639core:OfficeEquipment2024-06-3013201639core:NetGoodwill2024-06-3013201639core:IntangibleAssetsOtherThanGoodwill2024-06-3013201639core:ListedExchangeTraded2024-06-3013201639core:UnlistedNon-exchangeTraded2024-06-3013201639core:LandBuildings2022-12-3113201639core:PlantMachinery2022-12-3113201639core:Vehicles2022-12-3113201639core:FurnitureFittings2022-12-3113201639core:OfficeEquipment2022-12-3113201639core:NetGoodwill2022-12-3113201639core:IntangibleAssetsOtherThanGoodwill2022-12-3113201639core:ListedExchangeTraded2022-12-3113201639core:UnlistedNon-exchangeTraded2022-12-3113201639core:LandBuildings2023-01-012024-06-3013201639core:PlantMachinery2023-01-012024-06-3013201639core:Vehicles2023-01-012024-06-3013201639core:FurnitureFittings2023-01-012024-06-3013201639core:OfficeEquipment2023-01-012024-06-3013201639core:NetGoodwill2023-01-012024-06-3013201639core:IntangibleAssetsOtherThanGoodwill2023-01-012024-06-3013201639core:ListedExchangeTraded2023-01-012024-06-3013201639core:UnlistedNon-exchangeTraded2023-01-012024-06-3013201639core:MoreThanFiveYears2023-01-012024-06-3013201639core:Non-currentFinancialInstruments2024-06-3013201639core:Non-currentFinancialInstruments2022-12-3113201639dpl:CostSales2023-01-012024-06-3013201639dpl:DistributionCosts2023-01-012024-06-3013201639core:LandBuildings2023-01-012024-06-3013201639core:PlantMachinery2023-01-012024-06-3013201639core:Vehicles2023-01-012024-06-3013201639core:FurnitureFittings2023-01-012024-06-3013201639core:OfficeEquipment2023-01-012024-06-3013201639dpl:AdministrativeExpenses2023-01-012024-06-3013201639core:NetGoodwill2023-01-012024-06-3013201639core:IntangibleAssetsOtherThanGoodwill2023-01-012024-06-3013201639dpl:GroupUndertakings2023-01-012024-06-3013201639dpl:ParticipatingInterests2023-01-012024-06-3013201639dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012024-06-3013201639core:ListedExchangeTraded2023-01-012024-06-3013201639dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012024-06-3013201639core:UnlistedNon-exchangeTraded2023-01-012024-06-3013201639dpl:CostSales2022-01-012022-12-3113201639dpl:DistributionCosts2022-01-012022-12-3113201639core:LandBuildings2022-01-012022-12-3113201639core:PlantMachinery2022-01-012022-12-3113201639core:Vehicles2022-01-012022-12-3113201639core:FurnitureFittings2022-01-012022-12-3113201639core:OfficeEquipment2022-01-012022-12-3113201639dpl:AdministrativeExpenses2022-01-012022-12-3113201639core:NetGoodwill2022-01-012022-12-3113201639core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113201639dpl:GroupUndertakings2022-01-012022-12-3113201639dpl:ParticipatingInterests2022-01-012022-12-3113201639dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113201639core:ListedExchangeTraded2022-01-012022-12-3113201639dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113201639core:UnlistedNon-exchangeTraded2022-01-012022-12-3113201639core:NetGoodwill2024-06-3013201639core:IntangibleAssetsOtherThanGoodwill2024-06-3013201639core:LandBuildings2024-06-3013201639core:PlantMachinery2024-06-3013201639core:Vehicles2024-06-3013201639core:FurnitureFittings2024-06-3013201639core:OfficeEquipment2024-06-3013201639core:AfterOneYear2024-06-3013201639core:WithinOneYear2024-06-3013201639core:ListedExchangeTraded2024-06-3013201639core:UnlistedNon-exchangeTraded2024-06-3013201639core:ShareCapital2024-06-3013201639core:SharePremium2024-06-3013201639core:RevaluationReserve2024-06-3013201639core:OtherReservesSubtotal2024-06-3013201639core:RetainedEarningsAccumulatedLosses2024-06-3013201639core:NetGoodwill2022-12-3113201639core:IntangibleAssetsOtherThanGoodwill2022-12-3113201639core:LandBuildings2022-12-3113201639core:PlantMachinery2022-12-3113201639core:Vehicles2022-12-3113201639core:FurnitureFittings2022-12-3113201639core:OfficeEquipment2022-12-3113201639core:AfterOneYear2022-12-3113201639core:WithinOneYear2022-12-3113201639core:List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VALARY WARWICK LTD

Registered Number
13201639
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2024

VALARY WARWICK LTD
Company Information
for the period from 1 January 2023 to 30 June 2024

Director

NATHWANI, Rajiv Dhirendra

Registered Address

Delta By Marriott (Valary Management Ltd)
Stratford Road
Warwick
CV34 6RE

Registered Number

13201639 (England and Wales)
VALARY WARWICK LTD
Statement of Financial Position
30 June 2024

Notes

30 Jun 2024

31 Dec 2022

£

£

£

£

Fixed assets
Tangible assets315,500,00011,960,739
15,500,00011,960,739
Current assets
Stocks18,29827,040
Debtors41,148,0031,690,445
Cash at bank and on hand99,67518,683
1,265,9761,736,168
Creditors amounts falling due within one year5(3,598,079)(2,820,693)
Net current assets (liabilities)(2,332,103)(1,084,525)
Total assets less current liabilities13,167,89710,876,214
Creditors amounts falling due after one year6(12,580,808)(12,213,461)
Provisions for liabilities(481,792)(481,792)
Net assets105,297(1,819,039)
Capital and reserves
Called up share capital10,00010,000
Revaluation reserve3,504,973-
Profit and loss account(3,409,676)(1,829,039)
Shareholders' funds105,297(1,819,039)
The financial statements were approved and authorised for issue by the Director on 25 March 2025, and are signed on its behalf by:
NATHWANI, Rajiv Dhirendra
Director
Registered Company No. 13201639
VALARY WARWICK LTD
Notes to the Financial Statements
for the period ended 30 June 2024

1.Accounting policies
Statutory information
Valary Warwick Ltd is a private company, limited by shares and incorporated in England and Wales. The registered office is Delta By Marriott (Valary Management Ltd), Stratford Road, Warwick, England, CV34 6RE.
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Functional and presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis The validity of this assumption depends upon the continued financial support of its director who has indicated their willingness to continue to support the company financially for a period of at least one year from the date of approving these financial statements.
Turnover policy
Turnover is recognised at the fair value of Lile consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Operating leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Defined contribution pension plan
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled, or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities, and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Reducing balance (%)
Land and buildings2
Fixtures and fittings10
Impairment of non-financial assets policy
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues· of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities 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. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Government grants or assistance
The UK government has offered a range of financial support packages to help companies, including government backed financing arrangements, furlough schemes, deferment of VAT payments and, for some sectors, business rates holidays. Of the offered schemes, the company used the furlough scheme. The income from the furlough scheme has been recognised within 'Other operating income'. They are recognised when the entity has reasonable assurance that they will comply with the conditions attaching the grant, and that the grant will be received.
2.Average number of employees

20242022
Average number of employees during the year4868
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 239,465,4733,142,65912,608,132
Additions165,57312,720178,293
Revaluations3,504,973-3,504,973
At 30 June 2413,136,0193,155,37916,291,398
Depreciation and impairment
At 01 January 23283,927363,466647,393
Charge for year(283,927)427,932144,005
At 30 June 24-791,398791,398
Net book value
At 30 June 2413,136,0192,363,98115,500,000
At 31 December 229,181,5462,779,19311,960,739
4.Debtors: amounts due within one year

2024

2022

££
Trade debtors / trade receivables343,443286,377
Amounts owed by associates and joint ventures / participating interests544,9601,128,483
Other debtors72,127210,987
Prepayments and accrued income187,47364,598
Total1,148,0031,690,445
5.Creditors: amounts due within one year

2024

2022

££
Trade creditors / trade payables1,554,6441,267,305
Amounts owed to related parties622,778333,663
Taxation and social security613,582907,246
Other creditors586,05595,535
Accrued liabilities and deferred income221,020216,944
Total3,598,0792,820,693
6.Creditors: amounts due after one year

2024

2022

££
Bank borrowings and overdrafts7,574,4107,752,255
Other creditors5,006,3984,461,206
Total12,580,80812,213,461
7.Related party transactions
At the year end, amounts of £513,253 (2022: £1,123,483) were due from related companies with common directors. At the year end, amounts of £622,778 (2022: £333,663) were due to related companies with common directors. Included within amounts due from related parties, are amounts of £31,707 (2022: £5,000) owed to the company, by the director.
8.Controlling party
The immediate and ultimate parent company is Valary Hotels Ltd. Its registered office is Delta By Marriott (Valary Management Ltd), Stratford Road, Warwick, England, CV34 6RE