Valbrian Enterprises Limited - Filleted accounts


VALBRIAN ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025



































Company Registration Number: 01217445

VALBRIAN ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 11

VALBRIAN ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTORS

V E French
T Nicoll


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Park Plaza (Point South) Hayes Way
Heath Hayes
Cannock
Staffordshire
WS12 2DB


COMPANY REGISTRATION NUMBER

01217445 England and Wales

VALBRIAN ENTERPRISES LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	6		130,651		114,362
Investments	7		3,500,000		3,500,000


			3,630,651		3,614,362

CURRENT ASSETS
Debtors	8	99,885		132,282
Cash at bank and in hand		216,486		83,482


		316,371		215,764

CREDITORS: Amounts falling due within one year	9	271,637		254,994
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS / (LIABILITIES)			44,734		(39,230)


TOTAL ASSETS LESS CURRENT LIABILITIES			3,675,385		3,575,132

Provisions for liabilities and charges			292,533		286,701


NET ASSETS			3,382,852		3,288,431


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			2,300,969		2,206,548
Non distributable profit and loss account			1,081,783		1,081,783


SHAREHOLDER'S FUNDS			3,382,852		3,288,431

VALBRIAN ENTERPRISES LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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 accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




T Nicoll
Director

Date approved by the board: 7 September 2025

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Valbrian Enterprises Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Park Plaza (Point South) Hayes Way
	Heath Hayes
	Cannock
	Staffordshire
	WS12 2DB

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover represents rental income receivable. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 10 years.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.


	Goodwill has been fully amortised at the accounting year end.

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Plant and machinery					Reducing balance basis at 25% per annum
	Furniture and fittings					Reducing balance basis at 25% per annum
	Computer equipment					Straight line basis at 33% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investment properties

	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

	Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

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

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.


	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determination of the fair value of its investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of these assets.

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	5	6


5	INTANGIBLE FIXED ASSETS
			Goodwill
			£
	Cost
	At 1 April 2024		3,500


	At 31 March 2025		3,500


	Accumulated amortisation
	At 1 April 2024		3,500


	At 31 March 2025		3,500


	Net book value
	At 1 April 2024		-


	At 31 March 2025		-

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


6	TANGIBLE ASSETS
		Plant and machinery	Furniture and fittings	Computer equipment	Total
		£	£	£	£
	Cost
	At 1 April 2024	204,770	49,072	42,455	296,297

	Additions	-	51,914	1,392	53,306


	At 31 March 2025	204,770	100,986	43,847	349,603


	Accumulated depreciation
	At 1 April 2024	107,104	33,439	41,392	181,935

	Charge for year	24,417	12,150	450	37,017


	At 31 March 2025	131,521	45,589	41,842	218,952


	Net book value
	At 1 April 2024	97,666	15,633	1,063	114,362


	At 31 March 2025	73,249	55,397	2,005	130,651


7	FIXED ASSET INVESTMENTS
					Investment properties
					£
	Fair value
	At 1 April 2024				3,500,000


	At 31 March 2025				3,500,000


	Net book value
	At 1 April 2024				3,500,000


	At 31 March 2025				3,500,000


	If the investment properties had not been revalued, they would have been included at the historical cost of £2,130,779.

	The investment properties were valued on an open market basis on 31 March 2025 by the directors.

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


8	DEBTORS
				2025	2024
				£	£
	Trade debtors			72,298	61,036
	Prepayments and accrued income			21,194	13,451
	Other debtors			6,393	57,795


				99,885	132,282



9	CREDITORS: Amounts falling due within one year
				2025	2024
				£	£
	Bank loans and overdrafts			-	29,167
	Trade creditors			19,161	16,377
	Taxation and social security			86,558	102,897
	Amounts owed to group undertakings			-	900
	Accruals and deferred income			95,609	55,130
	Other creditors			70,309	50,523


				271,637	254,994



10	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the year:

		Balance at 1 April 2024	Amounts advanced	Amounts repaid	Balance at 31 March 2025
		£	£	£	£
	V E French	566	12,334	12,131	769
	T Nicoll	44,519	135,204	179,723	-


		45,085	147,538	191,854	769

	Interest has been charged on these advances at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. These advances are repayable on demand.

VALBRIAN ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	T Nicoll
	Director		2025	2024
			£	£
	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	1,871	-



12	OTHER FINANCIAL COMMITMENTS

	Valbrian Enterprises Limited, Valbrian Holdings Limited and Imex Estates Limited are subject to an Omnibus Guarantee & Set-Off Agreement with Lloyds Bank PLC. Further details can be found at Companies House.