Val Norton Ltd

	Page
Accountants' Report	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Report to the director on the preparation of the unaudited statutory accounts of Val Norton Ltd for the year ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Val Norton Ltd which comprise the Profit and Loss Account, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Val Norton Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Val Norton Ltd and state those matters that we have agreed to state to the director of Val Norton Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://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 Val Norton Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Val Norton Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Val Norton Ltd . You consider that Val Norton Ltd 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 accounts of Val Norton Ltd . 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 financial statements.

24 December 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Val Norton Ltd

Balance Sheet

As At 30 November 2025

Balance Sheet

Registered number: SC437999

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	18,149		18,149
Cash at bank and in hand		108,160		98,225

		126,309		116,374
Creditors: Amounts Falling Due Within One Year	5	(11,307 )		(10,492 )

NET CURRENT ASSETS (LIABILITIES)			115,002		105,882

TOTAL ASSETS LESS CURRENT LIABILITIES			115,002		105,882

NET ASSETS			115,002		105,882

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			114,902		105,782

SHAREHOLDERS' FUNDS			115,002		105,882

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs V Norton

Director

23 December 2025

The notes on pages 4 to 5 form part of these financial statements.

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Val Norton Ltd

Statement of Changes in Equity

For The Year Ended 30 November 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 December 2023	100	100,944	101,044
Profit for the year and total comprehensive income	-	36,946	36,946

Dividends paid	-	(32,108)	(32,108)

As at 30 November 2024 and 1 December 2024	100	105,782	105,882


Profit for the year and total comprehensive income	-	37,120	37,120

Dividends paid	-	(28,000)	(28,000)

As at 30 November 2025	100	114,902	115,002

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Val Norton Ltd

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

Val Norton Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC437999 . The registered office is Pannanich Wells Hotel, South Deeside Road, Ballater, AB35 5SJ.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	12,000	12,000
Other debtors	6,149	6,149

	18,149	18,149

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Val Norton Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	8,707	8,728
Accruals and deferred income	1,701	1,440
Director's loan account	899	324

	11,307	10,492

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mrs Val Norton	(324 )	-	(575 )	-	(899 )

The above loan is interest free and has no fixed repayment terms.

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