Valebridge Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03413672 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Valebridge Properties Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A Pabani

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

03413672 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valebridge Properties Limited for the year ended 30 September 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Valebridge Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Valebridge Properties Limited and state those matters that we have agreed to state to the director of Valebridge Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valebridge Properties Limited and its director for our work or for this report.

It is your duty to ensure that Valebridge 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 loss of Valebridge Properties Limited. You consider that Valebridge Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Valebridge 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.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

29 September 2025

FIXED ASSETS

Investments

4

2,683

Investment property

5

2,074,458

1,642,815

2,077,141

1,645,498

CURRENT ASSETS

Debtors

6

1,524,059

1,570,518

Cash at bank and in hand

16,315

104,551

1,540,374

1,675,069

CREDITORS

Amounts falling due within one year

7

1,390,398

1,403,572

NET CURRENT ASSETS

149,976

271,497

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,227,117

1,916,995

CREDITORS

Amounts falling due after more than one
year

8

835,733

522,819

NET ASSETS

1,391,384

1,394,176

CAPITAL AND RESERVES

Called up share capital

1,035,153

Share premium

4,726

Retained earnings

351,505

354,297

1,391,384

1,394,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

A Pabani - Director

1.	STATUTORY INFORMATION

Valebridge Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rent receivable is recognised in the period to which the rent relates.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

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.

Financial instruments

The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2023

and 30 September 2024

2,683

NET BOOK VALUE

At 30 September 2024

2,683

At 30 September 2023

2,683

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

1,642,815

Additions

431,643

At 30 September 2024

2,074,458

NET BOOK VALUE

At 30 September 2024

2,074,458

At 30 September 2023

1,642,815

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

Amounts owed by group undertakings

197,054

Other debtors

1,327,005

1,373,464

1,524,059

1,570,518

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

Trade creditors

(1

)

-

Amounts owed to group undertakings

461,003

460,003

Taxation and social security

48,729

46,254

Other creditors

880,667

897,315

1,390,398

1,403,572

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/9/24

30/9/23

£

Bank loans

833,556

522,819

Other creditors

2,177

-

835,733

522,819

9.	RELATED PARTY DISCLOSURES

Included in other debtors are the following balances due from related parties:

Bridgeside Estates Ltd - £70,477 (2023: £70,477)

Leafenvoy Ltd - £576,834 (2023: £576,834)

Waxport Ltd - £78,260 (2023: £53,935)

Covehall Ltd - £597,779 (2023: £628,414)

Included in other creditors are the following balances owed to related parties:

Dovebay Ltd - £214,853 (2023: 214,853)

Herts Real Estate Ltd - £143,492 (2023: £143,492)

West End Legal Ltd - £202,863 (2023: £202,863)