Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31The tax expense for the year comprises current and deferred tax. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.true2024-04-01falseDevelopement of building projects, and letting and operating of own or leased real estate.33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06281777 2024-04-01 2025-03-31 06281777 2023-04-01 2024-03-31 06281777 2025-03-31 06281777 2024-03-31 06281777 1 2024-04-01 2025-03-31 06281777 1 2023-04-01 2024-03-31 06281777 d:Director1 2024-04-01 2025-03-31 06281777 e:MotorVehicles 2024-04-01 2025-03-31 06281777 e:MotorVehicles 2025-03-31 06281777 e:MotorVehicles 2024-03-31 06281777 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06281777 e:OfficeEquipment 2024-04-01 2025-03-31 06281777 e:OfficeEquipment 2025-03-31 06281777 e:OfficeEquipment 2024-03-31 06281777 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06281777 e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06281777 e:FreeholdInvestmentProperty 2025-03-31 06281777 e:FreeholdInvestmentProperty 2024-03-31 06281777 e:CurrentFinancialInstruments 2025-03-31 06281777 e:CurrentFinancialInstruments 2024-03-31 06281777 e:Non-currentFinancialInstruments 2025-03-31 06281777 e:Non-currentFinancialInstruments 2024-03-31 06281777 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 06281777 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 06281777 e:Non-currentFinancialInstruments e:AfterOneYear 2025-03-31 06281777 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 06281777 e:ShareCapital 2025-03-31 06281777 e:ShareCapital 2024-03-31 06281777 e:InvestmentPropertiesRevaluationReserve 2025-03-31 06281777 e:InvestmentPropertiesRevaluationReserve 2024-03-31 06281777 e:RetainedEarningsAccumulatedLosses 2025-03-31 06281777 e:RetainedEarningsAccumulatedLosses 2024-03-31 06281777 d:OrdinaryShareClass1 2024-04-01 2025-03-31 06281777 d:OrdinaryShareClass1 2025-03-31 06281777 d:OrdinaryShareClass2 2024-04-01 2025-03-31 06281777 d:OrdinaryShareClass2 2025-03-31 06281777 d:OrdinaryShareClass3 2024-04-01 2025-03-31 06281777 d:OrdinaryShareClass3 2025-03-31 06281777 d:FRS102 2024-04-01 2025-03-31 06281777 d:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06281777 d:FullAccounts 2024-04-01 2025-03-31 06281777 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06281777 e:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-01 2025-03-31 06281777 e:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-03-31 06281777 e:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 06281777 2 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06281777









VALEMOUNT PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
VALEMOUNT PROPERTIES LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
VALEMOUNT PROPERTIES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VALEMOUNT PROPERTIES LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valemount Properties Limited for the year ended 31 March 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Valemount Properties Limited, as a body, in accordance with the terms of our engagement letter dated 16 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of Valemount Properties Limited  and state those matters that we have agreed to state to the Board of directors of Valemount Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valemount Properties Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Valemount Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Valemount Properties Limited. You consider that Valemount Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Valemount Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
19 August 2025
Page 1

 
VALEMOUNT PROPERTIES LIMITED
REGISTERED NUMBER: 06281777

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,573
1,432

Investment property
 6 
2,338,000
2,338,000

  
2,339,573
2,339,432

Current assets
  

Debtors: amounts falling due within one year
 7 
-
314

Cash at bank and in hand
  
270,305
235,485

  
270,305
235,799

Creditors: amounts falling due within one year
 8 
(20,834)
(14,391)

Net current assets
  
 
 
249,471
 
 
221,408

Total assets less current liabilities
  
2,589,044
2,560,840

Creditors: amounts falling due after more than one year
 9 
(1,256,131)
(1,230,253)

Provisions for liabilities
  

Deferred tax
  
(170,942)
(170,942)

  
 
 
(170,942)
 
 
(170,942)

Net assets
  
1,161,971
1,159,645


Capital and reserves
  

Called up share capital 
  
3,000
3,000

Investment property reserve
  
889,678
889,678

Profit and loss account
  
269,293
266,967

  
1,161,971
1,159,645


Page 2

 
VALEMOUNT PROPERTIES LIMITED
REGISTERED NUMBER: 06281777
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2025.




D.E. Tye
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
VALEMOUNT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The company is a private company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activity is that of property development and rental. The principal place of business is Ovington, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
VALEMOUNT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually 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 profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
VALEMOUNT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Other operating income

2025
2024
£
£

Net rents receivable
92,595
83,138

92,595
83,138



4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 6

 
VALEMOUNT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
25,427
-
25,427


Additions
-
749
749



At 31 March 2025

25,427
749
26,176



Depreciation


At 1 April 2024
23,995
-
23,995


Charge for the year on owned assets
358
250
608



At 31 March 2025

24,353
250
24,603



Net book value



At 31 March 2025
1,074
499
1,573



At 31 March 2024
1,432
-
1,432

Page 7

 
VALEMOUNT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
2,338,000



At 31 March 2025
2,338,000

The 2025 valuations were made by D E Tye, on an open market value for existing use basis.





7.


Debtors

2025
2024
£
£


Other debtors
-
314

-
314



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other taxation and social security
14,611
9,483

Other creditors
2,595
1,474

Accruals and deferred income
3,628
3,434

20,834
14,391



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
1,256,131
1,230,253

1,256,131
1,230,253


Page 8

 
VALEMOUNT PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Share capital

2025
2024
£
£
Authorised, allotted, called up and fully paid



1,000 A Ordinary  shares of £1.00 each
1,000
1,000
1,000 B Ordinary  shares of £1.00 each
1,000
1,000
1,000 C Ordinary  shares of £1.00 each
1,000
1,000

3,000

3,000



11.


Related party transactions

As at 31 March 2025 the amount owed to the directors was £897,328 (2024 - £897,328).

 
Page 9