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Registration number: 15319750

Valentina Properties Limited

Annual Report and Unaudited Financial Statements

for the Period from 30 November 2023 to 30 November 2024

 

Valentina Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Valentina Properties Limited

Company Information

Director

A J Wort

Registered office

Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

Accountants

Elysium Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Valentina Properties Limited

(Registration number: 15319750)
Balance Sheet as at 30 November 2024

Note

2024
£

Fixed assets

 

Investment property

4

152,464

Current assets

 

Cash at bank and in hand

 

11,397

Creditors: Amounts falling due within one year

5

(49,823)

Net current liabilities

 

(38,426)

Total assets less current liabilities

 

114,038

Creditors: Amounts falling due after more than one year

5

(116,268)

Net liabilities

 

(2,230)

Capital and reserves

 

Called up share capital

6

1

Retained earnings

(2,231)

Shareholders' deficit

 

(2,230)

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 1 August 2025
 

.........................................
A J Wort
Director

 

Valentina Properties Limited

Notes to the Unaudited Financial Statements for the Period from 30 November 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

These financial statements were authorised for issue by the director on 1 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Valentina Properties Limited

Notes to the Unaudited Financial Statements for the Period from 30 November 2023 to 30 November 2024

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1

4

Investment properties

2024
£

Additions

152,464

At 30 November

152,464

There has been no valuation of investment property by an independent valuer.

 

Valentina Properties Limited

Notes to the Unaudited Financial Statements for the Period from 30 November 2023 to 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,020

Other creditors

48,803

49,823

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

116,268

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

1

1

   

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

116,268

Bank borrowings

The mortgage is denominated in sterling with a nominal interest rate of 5.54%%, and the final instalment is due on 28 June 2044. The carrying amount at period end is £116,268.

Leeds Building Society hold a charge as security over the property dated 28 June 2024.