Company registration number 10406372 (England and Wales)
VALANDEA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
VALANDEA LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
VALANDEA LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,505
2,608
Investments
5
100
100
1,605
2,708
Current assets
Stocks
229,793
229,793
Debtors
6
400,132
386,951
Cash at bank and in hand
64,209
129,010
694,134
745,754
Creditors: amounts falling due within one year
7
(73,747)
(147,007)
Net current assets
620,387
598,747
Total assets less current liabilities
621,992
601,455
Creditors: amounts falling due after more than one year
8
-
0
(15,132)
Net assets
621,992
586,323
Capital and reserves
Called up share capital
900,100
900,100
Profit and loss reserves
(278,108)
(313,777)
Total equity
621,992
586,323
VALANDEA LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 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 directors acknowledge their 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.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 January 2026 and are signed on its behalf by:
Mr Alan Pope
Director
Company registration number 10406372 (England and Wales)
VALANDEA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Valandea Limited is a private company limited by shares incorporated in England and Wales. The registered office is Corylus, New Road, Teignmouth, Devon, TQ14 8UD.

1.1
Accounting convention

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.

The company and the group headed by it qualify as small as set out in section 383 of the Companies Act 2006 and is therefore exempted from the requirement to prepare consolidated financial statements.

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:

- Property management

- Rental income

- Sale of development property

- Sale of goods or services to landlords and tenants

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

Property management

The company earns revenue by administering the rental contracts between landlords and tenants. Services include renewing / granting contracts and collecting rents which are then paid to the landlord. The company recognises revenue by reference to the stage of completion of its duties.

Sale of good or services to landlords and tenants

The company sells goods and services to the landlords for which it is engaged to administer property. Revenue is recognised when the risks and rewards of ownership are transferred to the customer.

Sale of development property

The company earns revenue by buying and selling property for development purposes. Revenue is recognised when the risks and rewards of ownership are transferred to the buyer, which is typically when the legal ownership is transferred.

VALANDEA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
Rental income

The company receives some income from property. Revenue is recognised evenly over the term of the lease.

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.

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:

Plant and equipment
25% straight line
Fixtures and fittings
33.3% straight line
Motor vehicles
25% straight line

Freehold land and assets in the course of construction are not depreciated.

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
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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

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

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

VALANDEA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

VALANDEA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
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 income statement 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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

VALANDEA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
4
3
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2024
67,268
Additions
477
At 30 April 2025
67,745
Depreciation and impairment
At 1 May 2024
64,660
Depreciation charged in the year
1,580
At 30 April 2025
66,240
Carrying amount
At 30 April 2025
1,505
At 30 April 2024
2,608
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
VALANDEA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
105,244
75,187
Corporation tax recoverable
6,476
6,476
Amounts owed by group undertakings
253,454
261,501
Other debtors
4,145
1,411
369,319
344,575
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
30,813
42,376
Total debtors
400,132
386,951
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,203
21,703
Taxation and social security
27,068
17,625
Other creditors
45,476
107,679
73,747
147,007
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
15,132
2025-04-30 2024-05-01 false false false 16 January 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr A A Pope Mr D L Pope Mrs G M Pope Ms H L Sant 10406372 2024-05-01 2025-04-30 10406372 2025-04-30 10406372 2024-04-30 10406372 core:OtherPropertyPlantEquipment 2025-04-30 10406372 core:OtherPropertyPlantEquipment 2024-04-30 10406372 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 10406372 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10406372 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 10406372 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 10406372 core:CurrentFinancialInstruments 2025-04-30 10406372 core:CurrentFinancialInstruments 2024-04-30 10406372 core:ShareCapital 2025-04-30 10406372 core:ShareCapital 2024-04-30 10406372 core:RetainedEarningsAccumulatedLosses 2025-04-30 10406372 core:RetainedEarningsAccumulatedLosses 2024-04-30 10406372 bus:Director1 2024-05-01 2025-04-30 10406372 core:PlantMachinery 2024-05-01 2025-04-30 10406372 core:FurnitureFittings 2024-05-01 2025-04-30 10406372 core:MotorVehicles 2024-05-01 2025-04-30 10406372 2023-05-01 2024-04-30 10406372 core:OtherPropertyPlantEquipment 2024-04-30 10406372 core:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 10406372 core:WithinOneYear 2025-04-30 10406372 core:WithinOneYear 2024-04-30 10406372 core:AfterOneYear 2025-04-30 10406372 core:AfterOneYear 2024-04-30 10406372 core:Non-currentFinancialInstruments 2025-04-30 10406372 core:Non-currentFinancialInstruments 2024-04-30 10406372 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10406372 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10406372 bus:FRS102 2024-05-01 2025-04-30 10406372 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 10406372 bus:Director2 2024-05-01 2025-04-30 10406372 bus:Director3 2024-05-01 2025-04-30 10406372 bus:Director4 2024-05-01 2025-04-30 10406372 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP