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REGISTERED NUMBER: 12534068 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VALLIS GROUP LIMITED

VALLIS GROUP LIMITED (REGISTERED NUMBER: 12534068)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALLIS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A M B Barr-Sim
S I Thomson





SECRETARY: S I Thomson





REGISTERED OFFICE: 2 Baywell House
Tuckers Close
Frome
Somerset
BA11 5LS





REGISTERED NUMBER: 12534068 (England and Wales)





AUDITORS: PG Owen Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
Avon
BA3 2DA

VALLIS GROUP LIMITED (REGISTERED NUMBER: 12534068)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes $    $    $   
FIXED ASSETS
Investments 4 118 118

CURRENT ASSETS
Debtors 5 305,458 42,553
Cash at bank 26,527 290,780
331,985 333,333
CREDITORS
Amounts falling due within one year 6 31,847 34,142
NET CURRENT ASSETS 300,138 299,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,256

299,309

CAPITAL AND RESERVES
Called up share capital 34,661 34,661
Capital redemption reserve 219,732 219,732
Retained earnings 45,863 44,916
300,256 299,309

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:




A M B Barr-Sim - Director



S I Thomson - Director


VALLIS GROUP LIMITED (REGISTERED NUMBER: 12534068)

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

1. STATUTORY INFORMATION

Vallis Group 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.

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.

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

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.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

VALLIS GROUP LIMITED (REGISTERED NUMBER: 12534068)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. FIXED ASSET INVESTMENTS

Subsidiary 2024 2023
Vallis Services Limited 100% 100%
Vallis Kenya Limited 99.99% 99.99%
Vallis Trade Assurance Services Namibia (proprietary) Limited 100% 100%
Vallis Senegal SARL 100% 100%
Vallis Services South Africa 100% 100%
Vallis Togo SARL 100% 100%
Vallis Commodities Ltd Cameroon 100% 100%
Vallis Gambia Limited 99.9% 99.9%
Vallis Israel Ltd 100% 100%
Vallis Mauritius Limited 100% 100%
Vallis Rwanda Limited 100% 100%
Vallis CO LTD Sudan 99% 99%
Vallis (SL) Limited 100% 100%
Vallis Uganda Limited 98% 98%
Vallis Kenya Limited 100% 100%
Drum Commodities SARL Guinea Bissau 100% 100%
Vallis Limited Somaliland 60% 60%
Vallis Zimbabwe (Private) Limited 29% 29%
Vallis DRC. SA 70% 70%
Vallis Ukraine Limited 100% 100%

Vallis Group Ltd indirectly owns Vallis Guinea SUCC, Vallis Mai Succursale SARL, Vallis Mauritania SUCC via Vallis Senegal SARL.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Amounts owed by group undertakings 282,639 42,553
Other debtors 22,819 -
305,458 42,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$    $   
Trade creditors 9,030 -
Tax 165 -
Social security and other taxes 15,027 25,545
Other creditors 2,830 3,197
Accrued expenses 4,795 5,400
31,847 34,142

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robin N Browning BA(Hons) FCCA FCA FAIA BFP (Senior Statutory Auditor)
for and on behalf of PG Owen Limited