REGISTERED NUMBER: 07209777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Sweet Valentine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Valentine

Mrs L Rees Pritchard

SECRETARY:

Mrs L Rees Pritchard

REGISTERED OFFICE:

St David's Building

Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

07209777 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

217,758

219,642

Investments

6

5,000

5,000

222,758

224,642

CURRENT ASSETS

Stocks

101,500

45,000

Debtors

7

98,289

69,303

Cash at bank

295,800

494,351

495,589

608,654

CREDITORS

Amounts falling due within one year

8

358,335

460,714

NET CURRENT ASSETS

137,254

147,940

TOTAL ASSETS LESS CURRENT LIABILITIES

360,012

372,582

PROVISIONS FOR LIABILITIES

37,369

46,384

NET ASSETS

322,643

326,198

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

322,543

326,098

SHAREHOLDERS' FUNDS

322,643

326,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by:

Mr S J Valentine - Director

1.	STATUTORY INFORMATION

Sweet Valentine 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Depreciation is charged at the following rates.

Fittings and equipment - 10%

Transit van - 20%

Computer equipment - 10%

Stocks

Stocks are valued at the lower of cost and net realisable value, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

18,500

AMORTISATION

At 1 January 2025

and 31 December 2025

18,500

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

501,168

Additions

24,750

At 31 December 2025

525,918

DEPRECIATION

At 1 January 2025

281,526

Charge for year

26,634

At 31 December 2025

308,160

NET BOOK VALUE

At 31 December 2025

217,758

At 31 December 2024

219,642

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

5,000

NET BOOK VALUE

At 31 December 2025

5,000

At 31 December 2024

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

89,177

63,712

Other debtors

9,112

5,591

98,289

69,303

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

14,816

128,314

Amounts owed to participating interests

104,653

104,653

Taxation and social security

76,959

73,594

Other creditors

161,907

154,153

358,335

460,714

9.	RELATED PARTY DISCLOSURES