REGISTERED NUMBER: 02070244 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VALUETREAT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M G Reid

Mr A H Rose

Mr S Gregory

SECRETARY:

Mr P M G Reid

REGISTERED OFFICE:

55 Loudoun Road

St. John's Wood

London

NW8 0DL

REGISTERED NUMBER:

02070244 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investments

4

105,284

77,028

Investment property

5

502,500

542,500

607,784

619,528

CURRENT ASSETS

Debtors

6

45,342

67,779

Cash at bank

219,509

172,461

264,851

240,240

CREDITORS

Amounts falling due within one year

7

(89,904

)

(103,229

)

NET CURRENT ASSETS

174,947

137,011

TOTAL ASSETS LESS CURRENT LIABILITIES

782,731

756,539

PROVISIONS FOR LIABILITIES

8

(38,968

)

(13,578

)

NET ASSETS

743,763

742,961

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

742,763

741,961

SHAREHOLDERS' FUNDS

743,763

742,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Mr P M G Reid - Director

1.	STATUTORY INFORMATION

Valuetreat 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for rent and service charges net of VAT. Rent is recognised evenly over the term of the lease.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is 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.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Market investments

Investments in listed shares are measured at fair value based on the market price at the balance sheet date. Changes in fair value are recognised in the profit and loss account as they arise.

Dividends are recognised in the profit and loss account when the right to receive payment is established.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in joint

Listed

venture

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

10

77,018

77,028

Additions

-

25,072

25,072

Revaluations

-

3,184

3,184

At 31 March 2025

10

105,274

105,284

NET BOOK VALUE

At 31 March 2025

10

105,274

105,284

At 31 March 2024

10

77,018

77,028

Cost or valuation at 31 March 2025 is represented by:

Interest

in joint

Listed

venture

investments

Totals

£

£

£

Valuation in 2024

-

8,596

8,596

Valuation in 2025

-

3,183

3,183

Cost

10

93,495

93,505

10

105,274

105,284

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

542,500

Disposals

(35,590

)

Revaluations

(4,410

)

At 31 March 2025

502,500

NET BOOK VALUE

At 31 March 2025

502,500

At 31 March 2024

542,500

The valuation of investment properties were made as at 31 March 2025 by the directors on an open market basis.

No depreciation is provided in respect of these properties.On a historical cost basis these would have been included at an original cost of £282,552 (2024: £406,962).

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

502,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

36,057

58,956

Amounts owed by joint ventures

6,974

6,689

Other debtors

2,311

2,134

45,342

67,779

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

49

592

Taxation and social security

7,717

11,326

Other creditors

82,138

91,311

89,904

103,229

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

38,968

13,578

Deferred

tax

£

Balance at 1 April 2024

13,578

Provided during year

25,390

Balance at 31 March 2025

38,968

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary share

1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

The company holds a 10% interest in the joint venture, Trinity Properties Overseas Limited. During the year, the company's share of operating activities was a loss of £1,879 (2024: profit of £7,725). During the period, the joint venture disposed of its investment property, resulting in the company's share of the loss being £43,907. This property had previously been impaired in the valuetreat accounts, resulting in a loss of £8,907 being recognised in the current year. At the balance sheet date, the company's share of investment properties was £Nil (2024: £40,000), share of current assets was £37,899 (2024: £19,873), and share of liabilities was £63,565 (2024: £74,657).

At the balance sheet date, £36,056 (2024: £46,056) was owed from Elitebright Limited. The shareholders of Valuetreat Limited own 10% of the share capital of Elitebright Limited.

The company has an interest of 26.67% in Lindsman Properties (1823) Limited. At the balance sheet date, the company's share of investment properties was valued at £77,500 (2024; £77,500), share of rental profits was £7,085 (2024: £6,978). As at 31 March 2025, Lindsman Properties (1823) Limited owed the company £6,973 (2024: £6,688).