Company registration number 07550133 (England and Wales)
VALENTINI PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
VALENTINI PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
VALENTINI PROPERTIES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
2,050,000
2,050,000
Current assets
Debtors
6
20,000
5,078
Cash at bank and in hand
608,259
602,669
628,259
607,747
Creditors: amounts falling due within one year
7
(495,637)
(497,939)
Net current assets
132,622
109,808
Total assets less current liabilities
2,182,622
2,159,808
Creditors: amounts falling due after more than one year
8
(1,313,304)
(1,284,887)
Provisions for liabilities
(76,823)
(76,823)
Net assets
792,495
798,098
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
792,395
797,998
Total equity
792,495
798,098
VALENTINI PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
page 2

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 May 2025 and are signed on its behalf by:
C. Antoniades
Director
Company registration number 07550133 (England and Wales)
VALENTINI PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
page 3
1
Accounting policies
Company information

Valentini Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, 1 - 7 Station Road, Crawley, West Sussex, RH10 1HT.

1.1
Accounting convention

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income from properties held as investments and income from property management consultancy services. Rental income is recognised on a fixed monthly basis and consultancy income is recognised upon completion of those services.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
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.

1.5
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.

 

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.

VALENTINI PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
page 4
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from investors and 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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

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.

 

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Fair value of Investment property

In applying the company's accounting policy, the directors make a judgement of the fair value of the investment property. The directors have applied their knowledge of the market and their experience of the industry in order to establish the fair value of the properties. This value is what they would expect to get on the open market for similar properties in that area.

VALENTINI PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
page 5
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
2,050,000

Investment property comprises five residential properties. The fair value of four of the investment properties has been arrived at on the basis of valuations carried out in March 2021 by Go View London and Tuffin & Wren Independent Estate Agents, who are not connected with the company. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.

 

In the opinion of the Directors, there has been no change in the fair value of these investment properties at the Balance Sheet date.

 

The fair value of the fifth residential property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

 

 

5
Fixed asset investments
2025
2024
£
£

During the year the company bought 20 B £1 Ordinary shares in 5 Loscoe Road Ltd at market value, this was a minority interest. These shares were subsequently sold during the year at a similar market value.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
5,078
Other debtors
20,000
-
0
20,000
5,078
VALENTINI PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
page 6
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
45,073
45,073
Corporation tax
473
2,728
Other taxation and social security
91
125
Other creditors
450,000
450,013
495,637
497,939

The bank loans are secured against the company's investment property.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,313,304
1,284,887
Creditors which fall due after five years are payable as follows:
Payable by instalments
1,066,054
1,071,050

The bank loans are secured against the company's investment property.

9
Directors' transactions

During the year the director, C.A. Antoniades, continued to provide the company with an interest free loan. At the Balance Sheet date the company owed C.A. Antoniades £250,000 (2024: £250,000).

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