REGISTERED NUMBER: 14364459 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

VALLEY GREYHOUNDS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D L Barclay

REGISTERED OFFICE:

42 Lytton Road

Barnet

United Kingdom

EN5 5BY

REGISTERED NUMBER:

14364459 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

492,457

132,383

CURRENT ASSETS

Stocks

15,908

15,908

Debtors

5

130,091

151,201

Cash at bank

1,370,485

26,816

1,516,484

193,925

CREDITORS

Amounts falling due within one year

6

1,332,475

325,111

NET CURRENT ASSETS/(LIABILITIES)

184,009

(131,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

676,466

1,197

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

666,466

(8,803

)

SHAREHOLDERS' FUNDS

676,466

1,197

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

D L Barclay - Director

1.	STATUTORY INFORMATION

Valley Greyhounds Ltd 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.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

50,460

23,442

89,357

4,422

167,681

Additions

389,380

-

-

-

389,380

At 31 December 2024

439,840

23,442

89,357

4,422

557,061

DEPRECIATION

At 1 January 2024

-

5,807

29,307

184

35,298

Charge for year

-

5,861

22,339

1,106

29,306

At 31 December 2024

-

11,668

51,646

1,290

64,604

NET BOOK VALUE

At 31 December 2024

439,840

11,774

37,711

3,132

492,457

At 31 December 2023

50,460

17,635

60,050

4,238

132,383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

130,090

151,200

Amounts owed by group undertakings

1

1

130,091

151,201

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

17,828

-

Amounts owed to group undertakings

1,240,206

295,174

Tax

57,636

-

Social security and other taxes

7,663

-

VAT

4,322

25,200

Other creditors

84

-

Accruals and deferred income

4,736

4,737

1,332,475

325,111

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

9,999

A Ordinary

£1

9,999

9,999

1

B Ordinary

£1

1

1

10,000

10,000

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £1 (2023: £1) by DOD Investments Ltd, and was owed £1,240,206 (2023: £295,174) to Harlow Town Greyhound Entertainment Ltd a company where the director, Mr D Barclay, has common control.