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REGISTERED NUMBER: 05077581 (England and Wales)


















VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED (REGISTERED NUMBER: 05077581)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R R MacPherson





REGISTERED OFFICE: 16 St. Dyfrigs Close
Dinas Powys
Vale of Glamorgan
CF64 4UA





REGISTERED NUMBER: 05077581 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED (REGISTERED NUMBER: 05077581)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 190 538
Investment property 5 495,000 495,000
495,190 495,538

CURRENT ASSETS
Debtors 6 2,800 2,050
Cash at bank 9,733 9,698
12,533 11,748
CREDITORS
Amounts falling due within one year 7 (7,672 ) (3,972 )
NET CURRENT ASSETS 4,861 7,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,051

503,314

CREDITORS
Amounts falling due after more than one
year

8

(427,565

)

(438,319

)
NET ASSETS 72,486 64,995

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserve 68,000 68,000
Retained earnings 4,386 (3,105 )
SHAREHOLDERS' FUNDS 72,486 64,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED (REGISTERED NUMBER: 05077581)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





R R MacPherson - Director


VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED (REGISTERED NUMBER: 05077581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Valley Developments (South Wales) 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
The turnover shown in the profit and loss account represents rents and other property income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment properties are included at fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the asset is sold.

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED (REGISTERED NUMBER: 05077581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,413 4,000 5,413
DEPRECIATION
At 1 April 2023 1,042 3,833 4,875
Charge for year 182 166 348
At 31 March 2024 1,224 3,999 5,223
NET BOOK VALUE
At 31 March 2024 189 1 190
At 31 March 2023 371 167 538

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 495,000
NET BOOK VALUE
At 31 March 2024 495,000
At 31 March 2023 495,000

The investment property was valued on a fair value basis at 31 March 2024 by the director. In reviewing the fair value, consideration has been given to rental yields from the properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,800 2,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 524 -
Other creditors 1,060 1,118
Company credit card 3,126 689
Accruals and deferred income 2,962 2,165
7,672 3,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Mortgage due after 5 years not
repayable by instalments 378,634 378,675
Director's current account 48,931 59,644
427,565 438,319

VALLEY DEVELOPMENTS (SOUTH WALES)
LIMITED (REGISTERED NUMBER: 05077581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage due after 5 years not
repayable by instalments 378,634 378,675
378,634 378,675

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 378,634 378,675

The company's borrowings are secured by a fixed and floating charge over the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100