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Registered number: 04948526
Squarevale Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
Jacob Charles & Co.
Contents
Page
Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04948526
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,998 740
2,998 740
CURRENT ASSETS
Cash at bank and in hand 119,449 104,044
119,449 104,044
Creditors: Amounts Falling Due Within One Year 5 (20,462 ) (24,223 )
NET CURRENT ASSETS (LIABILITIES) 98,987 79,821
TOTAL ASSETS LESS CURRENT LIABILITIES 101,985 80,561
NET ASSETS 101,985 80,561
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 101,984 80,560
SHAREHOLDERS' FUNDS 101,985 80,561
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Gillian Forrester
Director
Mr Neil Forrester
Director
21/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Squarevale Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04948526 . The registered office is First Floor Office, Sentinel House, Sentinel Square, Brent Street, London, NW4 2EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of any applicable Value Added Tax and trade discounts. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 
Computer Equipment over 3 years - equal annual instalments
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 5,235
Additions 4,498
As at 31 October 2024 9,733
Depreciation
As at 1 November 2023 4,495
Provided during the period 2,240
As at 31 October 2024 6,735
Net Book Value
As at 31 October 2024 2,998
As at 1 November 2023 740
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 7,311 8,812
Accruals and deferred income 1,980 1,980
Directors' loan accounts 11,171 13,431
20,462 24,223
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 12,000 12,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Neil Forrester by virtue of his ownership of 100% of the issued share capital in the company.
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