HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Company Registration Number:
07685475 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2025

Period of accounts

Start date: 01 June 2024

End date: 31 May 2025

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet
Notes

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Balance sheet

As at 31 May 2025


Notes
2025
2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 181,214 187,050
Total fixed assets: 181,214 187,050
Current assets
Stocks: 43,789,078 43,789,078
Total current assets: 43,789,078 43,789,078
Creditors: amounts falling due within one year: 4 (145,000)
Net current assets (liabilities): 43,644,078 43,789,078
Total assets less current liabilities: 43,825,292 43,976,128
Creditors: amounts falling due after more than one year:   (2,050,000) (2,050,000)
Total net assets (liabilities): 41,775,292 41,926,128
Capital and reserves
Called up share capital: 30,560,526 30,560,526
Share premium account: 10,783,693 10,783,693
Profit and loss account: 431,073 581,909
Shareholders funds: 41,775,292 41,926,128

The notes form part of these financial statements

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 July 2026
and signed on behalf of the board by:

Name: Michael Carrick
Status: Director

The notes form part of these financial statements

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

2. Employees

2025 2024
Average number of employees during the period 1 1

The CVA has been agreed but not yet discharged due to outstanding fees.

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

3. Intangible Assets

Total
Cost £
At 01 June 2024 187,050
At 31 May 2025 187,050
Amortisation
At 01 June 2024 0
Charge for year 5,836
At 31 May 2025 5,836
Net book value
At 31 May 2025 181,214
At 31 May 2024 187,050

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

4. Creditors: amounts falling due within one year note

These are fees accrued to the administartor and need to be discharged before the CVA can be extinguished They also include fees payable on advancing alternative infrastructure opportunities.

HEADS OF THE VALLEYS DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2025

5. Related party transactions

Name of the related party: Aventa Capital Partners
Relationship:
consultant
Description of the Transaction: advisory services to the value of £100k that are liabilities but not been invoiced
£
Balance at 01 June 2024 350,000
Balance at 31 May 2025 450,000