REGISTERED NUMBER: SC129535 (Scotland)

Financial Statements

for the Year Ended 31 January 2025

for

Valentini (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss A M Valentini

SECRETARY:

Miss T Sutherland

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC129535 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

38,392

45,577

Investments

5

37,890

37,890

Investment property

6

2,161,651

2,161,651

2,237,933

2,245,118

CURRENT ASSETS

Stocks

2,350

2,350

Debtors

7

285,146

415,887

Cash at bank and in hand

861,424

532,657

1,148,920

950,894

CREDITORS

Amounts falling due within one year

8

679,286

689,368

NET CURRENT ASSETS

469,634

261,526

TOTAL ASSETS LESS CURRENT LIABILITIES

2,707,567

2,506,644

CREDITORS

Amounts falling due after more than one year

9

(78,639

)

(99,012

)

PROVISIONS FOR LIABILITIES

(207,733

)

(204,520

)

NET ASSETS

2,421,195

2,203,112

CAPITAL AND RESERVES

Called up share capital

10

400

400

Other reserves

676,937

676,937

Retained earnings

1,743,858

1,525,775

SHAREHOLDERS' FUNDS

2,421,195

2,203,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 October 2025 and were signed by:

Miss A M Valentini - Director

1.	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 directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Revenue from the sale of food and drinks is recognised on sale to the customer.

Revenue derived from the provision of rental services is recognised in the reporting period in which the rendering of the services can be reliably measured.

All revenue excludes value added tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Inventories

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

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

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

34,500

AMORTISATION

At 1 February 2024

and 31 January 2025

34,500

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

70,567

89,776

1,394

161,737

DEPRECIATION

At 1 February 2024

63,610

51,156

1,394

116,160

Charge for year

1,392

5,793

-

7,185

At 31 January 2025

65,002

56,949

1,394

123,345

NET BOOK VALUE

At 31 January 2025

5,565

32,827

-

38,392

At 31 January 2024

6,957

38,620

-

45,577

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

100

37,790

37,890

NET BOOK VALUE

At 31 January 2025

100

37,790

37,890

At 31 January 2024

100

37,790

37,890

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

2,161,651

NET BOOK VALUE

At 31 January 2025

2,161,651

At 31 January 2024

2,161,651

Fair value at 31 January 2025 is represented by:

£

Valuation in 2023

818,080

Cost

1,343,571

2,161,651

If Investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,343,571

1,343,571

Investment properties were valued on an open market basis on 31 January 2023 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

285,146

415,887

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,365

18,301

Trade creditors

1,783

2,123

Taxation and social security

114,242

106,389

Other creditors

543,896

562,555

679,286

689,368

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

18,639

39,012

Other creditors

60,000

60,000

78,639

99,012

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

39,012

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

400

Ordinary

£1

400

400