Company Registration No. 03815199 (England and Wales)
Valhalla Properties Limited
Unaudited accounts
for the year ended 31 March 2025
Valhalla Properties Limited
Unaudited accounts
Contents
Valhalla Properties Limited
Company Information
for the year ended 31 March 2025
Directors
S C D Bird
S E Bird
T J T Bird
E H Marjoram
Company Number
03815199 (England and Wales)
Registered Office
GRANGE BARN SYSTON ROAD
COSSINGTON
LEICESTER
LEICESTERSHIRE
LE7 4UZ
UNITED KINGDOM
Valhalla Properties Limited
Statement of financial position
as at 31 March 2025
Investment property
3,478,752
3,478,752
Cash at bank and in hand
377,361
336,822
Creditors: amounts falling due within one year
(357,041)
(968,564)
Net current assets/(liabilities)
32,365
(624,344)
Total assets less current liabilities
3,511,728
2,855,319
Creditors: amounts falling due after more than one year
(731,069)
(232,687)
Net assets
2,780,659
2,622,632
Called up share capital
1,000
1,000
Revaluation reserve
876,950
876,950
Profit and loss account
1,902,709
1,744,682
Shareholders' funds
2,780,659
2,622,632
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by
S C D Bird
Director
Company Registration No. 03815199
Valhalla Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Valhalla Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03815199. The registered office is GRANGE BARN SYSTON ROAD, COSSINGTON, LEICESTER, LEICESTERSHIRE, LE7 4UZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on reducing balance
Valhalla Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2024
3,478,752
At 31 March 2025
3,478,752
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.
A transfer is then made to show the (non-distributable) revalued amounts within a separate reserve in the balance sheet.
Fair value at 31 March 2021 is represented by:
Valuation in 2007 £835,191
Valuation in 2009 £280,543
Valuation in 2011 £ (485,827 )
Valuation in 2016 £247,042
Cost £2,601,803
Total £3,478,752
Investment properties were valued on an open market basis on 31 December 2011 by Gary J Hartley B.S.c MRICS
FNAEA.
Valuations since this date have been undertaken by the directors.
Amounts falling due within one year
Accrued income and prepayments
4,167
4,122
Valhalla Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
62,488
570,720
Taxes and social security
68,583
53,013
Other creditors
1,674
1,500
Loans from directors
220,604
336,004
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
731,069
232,687
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).