Registered number
07524077
Valentia Partners Consulting Limited
Filleted Accounts
31 December 2024
Valentia Partners Consulting Limited
Filleted Accounts
for the year ended 31 December 2024
Contents
Page
Balance sheet 2
Notes to the accounts 3-5
Valentia Partners Consulting Limited
Registered number: 07524077
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 34,444 35,406
Current assets
Work In Progress 606,057 366,728
Debtors 5 1,840,588 1,802,160
Cash at bank and in hand 451,414 998,246
2,898,059 3,167,134
Creditors: amounts falling due within one year 6 (2,718,381) (2,860,417)
Net current assets 179,678 306,717
Total assets less current liabilities 214,122 342,123
Provisions for liabilities (8,611) (8,852)
Net assets 205,511 333,271
Capital and reserves
Called up share capital 100 100
Profit and loss account 205,411 333,171
Shareholders' funds 205,511 333,271
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John McEvoy
Director
Approved by the board on 30 June 2025
Valentia Partners Consulting Limited
Notes to the Financial Statements
for the year ended 31 December 2024
1 General Information
Valentia Partners Consulting Limited is a private company limited by shares incorporated in England. 4th Floor 33 Cannon Street, London, England, EC4M 5SB is the registered office, which is also the place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The company's registration number is 07524077.
2 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 66 69
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 January 2024 65,128
Additions 15,079
At 31 December 2024 80,207
Depreciation
At 1 January 2024 29,722
Charge for the year 16,041
At 31 December 2024 45,763
Net book value
At 31 December 2024 34,444
At 31 December 2023 35,406
5 Debtors 2024 2023
£ £
Trade debtors 708,561 410,980
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,092,675 1,380,281
Other debtors 39,352 10,899
1,840,588 1,802,160
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 334,070 48,930
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,007,299 2,523,868
Taxation and social security costs 225,768 268,210
Other creditors 151,244 19,409
2,718,381 2,860,417
7 Events after the reporting date
There were no events since the balance sheet date which would necessitate a change in the above figures.
8 Related party transactions
Related party transactions have occurred between the company and other companies within the group . These transactions have occurred in the normal course of business and the balances are shown in notes 5 and 6.
9 Controlling party
The ultimate controlling body has been identified as John McEvoy and Eoghan Hannigan who are the directors of the company, by virtue of their shareholdings in the ultimate parent company (Valentia Consultings Holdings Limited).
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