Company registration number 05888842 (England and Wales)
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
COMPANY INFORMATION
Director
Mr David Lewis
Company number
05888842
Registered office
Flat 16, Capricorn Place
Lime Kiln Road
Bristol
United Kingdom
BS8 4SX
Accountants
Xeinadin South Wales & West Limited
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
England
BS21 7NP
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3 - 4
Notes to the financial statements
5 - 8
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The director presents his annual report and financial statements for the year ended 31 July 2025.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr David Lewis
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr David Lewis
Director
3 December 2025
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED FOR THE YEAR ENDED 31 JULY 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valhalla Property Development and Maintenance Limited for the year ended 31 July 2025 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Valhalla Property Development and Maintenance Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Valhalla Property Development and Maintenance Limited and state those matters that we have agreed to state to the b oard of d irectors of Valhalla Property Development and Maintenance Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valhalla Property Development and Maintenance Limited and its b oard of d irectors as a body for our work or for this report.

It is your duty to ensure that Valhalla Property Development and Maintenance 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 profit of Valhalla Property Development and Maintenance Limited. You consider that Valhalla Property Development and Maintenance 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 Valhalla Property Development and Maintenance 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 f inancial statements.

Xeinadin South Wales & West Limited
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP
England
3 December 2025
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
375,000
375,000
Current assets
Debtors
5
156
144
Cash at bank and in hand
3,827
3,609
3,983
3,753
Creditors: amounts falling due within one year
6
(4,230)
(27,427)
Net current liabilities
(247)
(23,674)
Total assets less current liabilities
374,753
351,326
Creditors: amounts falling due after more than one year
(191,457)
(174,158)
Provisions for liabilities
(46,893)
(46,893)
Net assets
136,403
130,275
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
8
136,393
130,265
Total equity
136,403
130,275
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 4 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 December 2025
Mr David Lewis
Director
Company registration number 05888842 (England and Wales)
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
1
Accounting policies
Company information

Valhalla Property Development and Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is : Flat 16 Capricorn Place, Lime Kiln Road, Bristol BS8 4SX

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Rental Income

- Sales of Services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on Cost
Computers
33% on Cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
3
Tangible fixed assets
Total
£
Cost
At 1 August 2024 and 31 July 2025
4,020
Depreciation and impairment
At 1 August 2024 and 31 July 2025
4,020
Carrying amount
At 31 July 2025
-
0
At 31 July 2024
-
0
4
Investment property
2025
£
Fair value
At 1 August 2024 and 31 July 2025
375,000
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
156
144
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
983
1,137
Taxation and social security
1,431
7,161
Other creditors
1,816
19,129
4,230
27,427
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
10
10
10
10
VALHALLA PROPERTY DEVELOPMENT AND MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
8
Reserves
Revaluation reserve

Included within Retained Reserves balance is £140,679 of non-distributable reserves relating to the revaluation of the investment property held in the balance sheet under FRS 102 s16, net of the associated deferred tax provision.

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