REGISTERED NUMBER: 04866608 (England and Wales)

HERTS VALUATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,504

2,642

Investments

5

22,821

9,984

26,325

12,626

CURRENT ASSETS

Debtors

6

203,613

182,889

Cash at bank

158,314

238,836

361,927

421,725

CREDITORS

Amounts falling due within one year

7

147,089

238,619

NET CURRENT ASSETS

214,838

183,106

TOTAL ASSETS LESS CURRENT LIABILITIES

241,163

195,732

PROVISIONS FOR LIABILITIES

666

709

NET ASSETS

240,497

195,023

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

240,496

195,022

240,497

195,023

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2025 and were signed by:

R Geraghty - Director

1.	STATUTORY INFORMATION

Herts Valuations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04866608

Registered office:

C/o Keelings, Broad House

The Broadway

Old Hatfield

Herts

AL9 5BG

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 as modified by the revaluation of certain assets.

Going concern

The financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 10% on cost

Financial instruments

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

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

22,898

Additions

2,860

At 31 December 2024

25,758

DEPRECIATION

At 1 January 2024

20,256

Charge for year

1,998

At 31 December 2024

22,254

NET BOOK VALUE

At 31 December 2024

3,504

At 31 December 2023

2,642

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

18,796

Additions

4,025

At 31 December 2024

22,821

NET BOOK VALUE

At 31 December 2024

22,821

At 31 December 2023

18,796

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2022

(2,938

)

Valuation in 2023

4,025

Cost

21,734

22,821

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

31,547

8,490

Other debtors

172,066

174,399

203,613

182,889

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,087

15,134

Taxation and social security

22,941

4,874

Other creditors

116,061

218,611

147,089

238,619

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

3,855

7,711

Between one and five years

-

3,855

3,855

11,566

9.	RELATED PARTY DISCLOSURES

During the year, unsecured loans to/(from) related parties totalled £168,963 (2023: £158,674). The amounts due to Herts Valuations Limited at the balance sheet date are as follows:

31.12.24

31.12.23

£

£

Nature of relationship

Directors

(251

)

(6,525

)

Plexian International Limited

169,214

169,214

These loans are interest free and repayable on demand.