REGISTERED NUMBER: 04878495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Valley Management (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms J J Bingham

REGISTERED OFFICE:

4th Floor, 49 St. James's Street,

London

GREATER LONDON

SW1A 1A

REGISTERED NUMBER:

04878495 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Tangible assets

4

250,404

76,573

Investments

5

6,905

11,500

257,309

88,073

CURRENT ASSETS

Stocks

-

174,774

Debtors

6

193,330

123,047

Cash at bank and in hand

1,054,088

392,050

1,247,418

689,871

CREDITORS

Amounts falling due within one year

7

(250,843

)

(109,475

)

NET CURRENT ASSETS

996,575

580,396

TOTAL ASSETS LESS CURRENT LIABILITIES

1,253,884

668,469

PROVISIONS FOR LIABILITIES

(19,605

)

(2,324

)

NET ASSETS

1,234,279

666,145

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,234,179

666,045

1,234,279

666,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 director acknowledges her 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 30 September 2025 and were signed by:

Ms J J Bingham - Director

1.	STATUTORY INFORMATION

Valley Management (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements,

estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the purpose of services in the ordinary nature of the business, exclusive of Value Added Tax and trade discounts.

Financial Management Services

Revenue from financial management and personal expenditure support services is recognised when the agreed services have been provided to the client. Where services are provided over a period of time, turnover is recognised on completion of the service or on a straight-line basis over the period where appropriate, provided the outcome of the contract can be reliably measured.

Horse Training, Breeding and Sales

Revenue from the sale of horses is recognised at the point of transfer of ownership, typically when the horse is delivered to the buyer and the sale is completed.

Stud fees or other breeding-related income is recognised when the breeding service has been provided.

Revenue from training services is recognised when the training service has been delivered, either as a one-off service or over a defined period, depending on the contractual arrangement with the client.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

33.33% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stocks of horses are valued at the lower of cost or net realisable value. Horses are down valued when ceasing competition and becoming breeding horses. Cost includes stud fees and upkeep costs for foals born to breeding mares.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

Investments

Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

105,566

178,418

283,984

Additions

116,298

81,233

197,531

At 31 December 2024

221,864

259,651

481,515

DEPRECIATION

At 1 January 2024

45,724

161,687

207,411

Charge for year

9,095

14,605

23,700

At 31 December 2024

54,819

176,292

231,111

NET BOOK VALUE

At 31 December 2024

167,045

83,359

250,404

At 31 December 2023

59,842

16,731

76,573

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

11,500

Disposals

(4,595

)

At 31 December 2024

6,905

NET BOOK VALUE

At 31 December 2024

6,905

At 31 December 2023

11,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

47,967

11,878

Other debtors

145,363

111,169

193,330

123,047

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

66,723

72,665

Taxation and social security

170,278

5,463

Other creditors

13,842

31,347

250,843

109,475

8.	CONTROLLING PARTY

Mrs J Bingham, a director of the company, controls the company by way of a 90% shareholding.