REGISTERED NUMBER: 07226470 (England and Wales)

THE VANILLA VALLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Golding

REGISTERED OFFICE:

Churchgate House

3 Church Road

Whitchurch

Cardiff

SOUTH GLAMORGAN

CF14 2DX

REGISTERED NUMBER:

07226470 (England and Wales)

FIXED ASSETS

Intangible assets

4

59,375

71,875

Tangible assets

5

60,868

67,453

120,243

139,328

CURRENT ASSETS

Stocks

6

307,884

310,329

Debtors

7

25,836

42,194

Cash at bank and in hand

126,034

114,810

459,754

467,333

CREDITORS

Amounts falling due within one year

8

468,517

514,010

NET CURRENT LIABILITIES

(8,763

)

(46,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,480

92,651

PROVISIONS FOR LIABILITIES

10

12,147

1,476

NET ASSETS

99,333

91,175

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

99,332

91,174

SHAREHOLDERS' FUNDS

99,333

91,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2026 and were signed by:

S J Golding - Director

1.	STATUTORY INFORMATION

The Vanilla Valley Limited 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 preparation

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.

Going concern

The company has experienced a decline in sales due to reduced consumer disposable income, coupled with rising operational costs. Management has implemented measures to enhance sales performance, including expanding customer offerings, improving the online customer experience, and increasing marketing efforts. These strategies are expected to support revenue growth and a return to profitability.

The director has reviewed the company's financial position, taking into account current trading conditions and planned business improvements. Based on this assessment, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months. Accordingly, the financial statements have been prepared on a going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover represents the value of goods sold excluding value added tax and is recognised in the financial statements when the company has transferred the significant risks and rewards of ownership of the goods to the buyer..

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates value added tax and other sales taxes.

Sales of goods:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- The company has transferred the significant risks and rewards of owner to the buyer;

- The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over term of lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised 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 trade and other debtors, loans to related companies 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

250,000

AMORTISATION

At 1 August 2024

178,125

Charge for year

12,500

At 31 July 2025

190,625

NET BOOK VALUE

At 31 July 2025

59,375

At 31 July 2024

71,875

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

35,875

187,328

81,176

30,220

334,599

Additions

-

10,267

-

-

10,267

At 31 July 2025

35,875

197,595

81,176

30,220

344,866

DEPRECIATION

At 1 August 2024

19,995

163,035

56,581

27,535

267,146

Charge for year

3,601

7,671

3,698

1,882

16,852

At 31 July 2025

23,596

170,706

60,279

29,417

283,998

NET BOOK VALUE

At 31 July 2025

12,279

26,889

20,897

803

60,868

At 31 July 2024

15,880

24,293

24,595

2,685

67,453

6.

STOCKS

2025

2024

£

£

Stock and work in progress

307,884

310,329

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,098

5,596

Other debtors

21,738

36,598

25,836

42,194

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

21,910

Trade creditors

314,712

327,425

Taxation and social security

48,943

40,323

Other creditors

104,862

124,352

468,517

514,010

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

57,922

90,273

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,147

1,476

Deferred

tax

£

Balance at 1 August 2024

1,476

Accelerated capital allowances

746

Trading losses

9,925

Balance at 31 July 2025

12,147

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

12.	TRANSACTIONS WITH DIRECTORS

Included in creditors, amounts falling due within one year is an amount owed to the director of £65,009 (2024 - £105,493).

Included in the profit and loss of the company is rent paid to director of £10,000 (2024 - £30,000).

Amounts due to the director are considered interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

As at 31 July 2025 an amount of £17,608 (2024 - £20,935) was owed to 360 Models Limited, a company under common control.

All amounts due are considered interest free and repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Golding.