| Valentine Property Services Ltd |
| Registered Number:SC234451 |
For the year ended 31 December 2024
Scotland
Unaudited Financial Statements
For the year ended 31 December 2024
Valentine Property Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Valentine Property Services Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
18,568
25,324
2
18,568
25,324
2,500
5,000
3
| Trade and other receivables |
29,328
20,288
4
110,624
| Cash and cash equivalents |
127,976
153,264
142,452
| Trade and other payables: amounts falling due within one |
| year |
(85,824)
(80,515)
5
56,628
72,749
Net current assets
| Total assets less current liabilities |
91,317
81,952
| Trade and other payables: amounts falling due after more |
| than one year |
(28,333)
(18,333)
6
72,984
Net assets
53,619
100
100
72,884
53,519
72,984
53,619
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 24 July 2025 and were signed by: |
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For the year ended 31 December 2024
Valentine Property Services Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 December 2024
Valentine Property Services Ltd
Notes to the Financial Statements
Statutory Information
| Valentine Property Services Ltd is a private limited company, limited by shares, domiciled in Scotland, registration |
| number SC234451. |
37 Tower Street
Edinburgh
EH6 7BN
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 December 2024
Valentine Property Services Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
44,716
44,716
-
2,736
-
2,736
2,736
44,716
47,452
| Provision for depreciation and impairment |
19,392
19,392
-
Charge for year
9,492
8,945
547
28,884
28,337
547
2,189
16,379
18,568
-
25,324
25,324
2023
2024
5,000
2,500
| 4. Trade and other receivables |
2023
2024
20,288
29,328
| Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
4,964
6,870
| Taxation and social security |
56,009
58,421
19,542
20,533
80,515
85,824
| Short-term creditors are measured at the transaction price. Other financial laibilities, 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. |
4 of 5
For the year ended 31 December 2024
Valentine Property Services Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
18,333
28,333
| 7. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 8)
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