1.
General Information
VALLEYLINK LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
03473690
. The registered office is 3 High Street, Elstree, Herts, WD6 3BY.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover represents rents receivable.
2.3.
Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
4.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 April 2024 |
|
| Additions |
|
| Disposals |
( |
| As at 31 March 2025 |
|
Fair value at 31st March 2025 is represented by:
VALLEYLINK LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
|
£
|
|
|
Valuation in 2017
|
37,500
|
|
Valuation in 2016
|
47,500
|
|
Valuation in 2009
|
26,949
|
|
Valuation in 2007
|
22,500
|
|
Valuation in 2003
|
60,000
|
|
Valuation in 2001
|
68,551
|
|
Cost
|
747,885
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
1,010,885
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
If freehold land buildings had not been revalued they would have been included at the following historical cost :
|
2025
|
2024
|
|
|
£
|
£
|
|
|
Cost
|
747,885
|
454,170
|
|
747,885
|
454,170
|
5.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
|
|
|
6.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | - |
|
|
| Bank loans and overdrafts |
|
|
|
| Corporation tax |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
| Director's loan account |
|
|
|
|
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans - 1-2 years |
|
|
|
| Bank loans - 2-5 years |
|
|
|
| Bank loans more than 5 years |
|
|
|
| Directors loan account |
|
|
|
|
|
|
||
Amounts falling due in more than five years:
VALLEYLINK LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
8.
Secured Creditors
The following bank loans included within creditors are secured against the underlying properties:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 258,854 | 379,660 |
9.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 April 2024 |
|
118,642 |
| Reversals |
( |
(52,892) |
| Balance at 31 March 2025 |
|
65,750 |
11.
Reserves
| Fair Value Reserve | |
|---|---|
| £ | |
| As at 1 April 2024 |
|
| Movements in fair value reserve | (158,678) |
| As at 31 March 2025 |
|
12.
Ultimate Controlling Party
Mr M B Allsuch is the ultimate controlling party by virtue of his 100% shareholding.