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REGISTERED NUMBER: 03825918 (England and Wales)


















VALLEY DEVELOPMENTS AND SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






VALLEY DEVELOPMENTS AND SERVICES LIMITED (REGISTERED NUMBER: 03825918)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALLEY DEVELOPMENTS AND SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: G R Bowen
J C Knowles





SECRETARY: J C Knowles





REGISTERED OFFICE: Rosemont House
1 William Street
Abertridwr
Caerphilly
CF83 4DJ





REGISTERED NUMBER: 03825918 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Limited)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

VALLEY DEVELOPMENTS AND SERVICES LIMITED (REGISTERED NUMBER: 03825918)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 257
Investment property 5 486,548 486,548
486,548 486,805

CURRENT ASSETS
Debtors 6 3,254 2,775
Cash at bank and in hand 37,295 39,613
40,549 42,388
CREDITORS
Amounts falling due within one year 7 (9,123 ) (8,488 )
NET CURRENT ASSETS 31,426 33,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,974

520,705

CREDITORS
Amounts falling due after more than one
year

8

(141,676

)

(148,263

)

PROVISIONS FOR LIABILITIES (21,677 ) (21,677 )
NET ASSETS 354,621 350,765

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Non-distributable reserve 11 151,570 151,570
Retained earnings 201,051 197,195
SHAREHOLDERS' FUNDS 354,621 350,765

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

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

The directors acknowledge their 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 AND SERVICES LIMITED (REGISTERED NUMBER: 03825918)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





J C Knowles - Director


VALLEY DEVELOPMENTS AND SERVICES LIMITED (REGISTERED NUMBER: 03825918)

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


1. STATUTORY INFORMATION

Valley Developments And Services 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.

Turnover
Turnover represents rent receivable during the year.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Investment property
Investment properties are shown at their fair value. The surplus or deficit arising from the annual revaluation is recognised in the profit and loss account for the year. Deferred taxation is provided on these gains at the rate expected to apply when the property 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 2 (2023 - 2 ) .

VALLEY DEVELOPMENTS AND SERVICES LIMITED (REGISTERED NUMBER: 03825918)

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


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 4,108
DEPRECIATION
At 1 September 2023 3,851
Charge for year 257
At 31 August 2024 4,108
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 257

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 486,548
NET BOOK VALUE
At 31 August 2024 486,548
At 31 August 2023 486,548

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2004 10,594
Valuation in 2005 23,000
Valuation in 2006 29,807
Valuation in 2022 90,169
Cost 332,978
486,548

The investment property was valued on a fair value basis at 31 August 2022 by the directors who do not have formal valuations qualifications. In valuing the property the director considered sales prices of comparable properties in a similar area and consider that the values are still applicable for the current year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,254 775
Other debtors 2,000 2,000
3,254 2,775

VALLEY DEVELOPMENTS AND SERVICES LIMITED (REGISTERED NUMBER: 03825918)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,549 5,914
Corporation tax 654 773
Accruals and deferred income 1,920 1,801
9,123 8,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 26,196 23,655
Bank loans more 5 yr by instal 36,539 45,667
Directors' current accounts 78,941 78,941
141,676 148,263

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 36,539 45,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 69,284 75,236

On 4th July 2022 Lloyds Bank PLC secured a fixed and floating charge over all property undertaking of the company

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000

11. RESERVES
Non-distribut
reserve
£   
At 1 September 2023
and 31 August 2024 151,570