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REGISTERED NUMBER: 09801289 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Golden Valley Construction Limited

Golden Valley Construction Limited (Registered number: 09801289)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Golden Valley Construction Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C Hales
C C B Hales
G P Hales
H G Hales





SECRETARY: S V Hales





REGISTERED OFFICE: Valley View
Ewyas Harold
Herefordshire
HR2 0JD





REGISTERED NUMBER: 09801289 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Golden Valley Construction Limited (Registered number: 09801289)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 467,184 433,707
Investment property 6 367,969 375,479
835,153 809,186

CURRENT ASSETS
Stocks 7,982 8,013
Debtors 7 169,877 195,104
Cash at bank and in hand 170,868 90,873
348,727 293,990
CREDITORS
Amounts falling due within one year 8 407,614 294,491
NET CURRENT LIABILITIES (58,887 ) (501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

776,266

808,685

CREDITORS
Amounts falling due after more than one
year

9

(169,065

)

(187,105

)

PROVISIONS FOR LIABILITIES (116,795 ) (95,451 )
NET ASSETS 490,406 526,129

Golden Valley Construction Limited (Registered number: 09801289)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 490,306 526,029
SHAREHOLDERS' FUNDS 490,406 526,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:




C Hales - Director



G P Hales - Director


Golden Valley Construction Limited (Registered number: 09801289)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Golden Valley Construction Limited is a private company, limited by shares and is incorporated in England and Wales.

These financial statements are the company's separate financial statements, covering the year to 30 September 2024 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

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

2. STATEMENT OF COMPLIANCE

The individual financial statements of Golden Valley Construction Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Turnover represents the fair value of the sale of materials and services of labour (excluding value added tax) provided during the year on client projects. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on labour time spent, skills and expertise provided and expenditure incurred.

Uninvoiced turnover on client projects is included in amounts recoverable on contracts. Where on-account billings exceed revenue recognised on client projects, the excess is included as payments on account in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on reducing balance

Investment property
Investment property is carried at fair value determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Golden Valley Construction Limited (Registered number: 09801289)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

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

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.

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.

Rent and wayleave income
Rent and wayleave income is recognised when receivable, excluding value added tax and other sales taxes.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Golden Valley Construction Limited (Registered number: 09801289)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 535,501
Additions 90,116
At 30 September 2024 625,617
DEPRECIATION
At 1 October 2023 101,794
Charge for year 56,639
At 30 September 2024 158,433
NET BOOK VALUE
At 30 September 2024 467,184
At 30 September 2023 433,707

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 59,000
Additions 33,950
Transfer to ownership (59,000 )
At 30 September 2024 33,950
DEPRECIATION
At 1 October 2023 12,405
Charge for year 3,820
Transfer to ownership (12,405 )
At 30 September 2024 3,820
NET BOOK VALUE
At 30 September 2024 30,130
At 30 September 2023 46,595

Golden Valley Construction Limited (Registered number: 09801289)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 414,879
DEPRECIATION
At 1 October 2023 39,400
Impairments 7,510
At 30 September 2024 46,910
NET BOOK VALUE
At 30 September 2024 367,969
At 30 September 2023 375,479

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 104,228 149,298
Amounts recoverable on contract - 4,045
Other debtors 65,649 41,761
169,877 195,104

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 15,996 16,662
Hire purchase contracts 6,667 8,333
Trade creditors 22,870 21,993
Amounts owed to group undertakings 296,247 192,812
Taxation and social security 55,244 35,864
Other creditors 10,590 18,827
407,614 294,491

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 160,176 187,105
Hire purchase contracts 8,889 -
169,065 187,105

Golden Valley Construction Limited (Registered number: 09801289)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 128,691 142,957

10. SECURED DEBTS

One of the bank loans is an interest only loan and is repayable within eighteen years. The loan interest rate being charged is 3.78% per annum over the first five years and 3.53% over the remaining term..

The bank loan is secured by a first legal charge over the investment property.

The hire purchase liabilities are secured over the related assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, included in debtors is the sum of £24,378 (2023:£37,078) owed by owners holding a participating interest. There is no fixed repayment date on these loan balances and no interest has been charged.

During the year, the company entered into transactions with related parties. Transactions entered into were as follows:

Expenditure of £48,000 (2023: £48,000) was incurred.