Valeraz Limited - Filleted accounts

Registered number

09341969

Valeraz Limited

Filleted Accounts

31 December 2025

Valeraz Limited
Registered number:		09341969
Balance Sheet
as at 31 December 2025

Notes			2025			2024
GBP				GBP
Current assets
Debtors	3	6			6
Investments held as current assets	4	339,184			324,938
Cash at bank and in hand		1,682,923			10,950
		2,022,113			335,894

Creditors: amounts falling due within one year	5	(124,589)			(116,851)

Net current assets			1,897,524			219,043

Net assets			1,897,524			219,043

Capital and reserves
Called up share capital			6			6
Profit and loss account			1,897,518			219,037

Shareholders' funds			1,897,524			219,043

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Myles Shearman
Director
Approved by the board on 16 June 2026

Valeraz Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for taxation has been made as the company has no taxable income.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Debtors		2025		2024
GBP				GBP

	Other debtors		6		6


4	Investments held as current assets		2025		2024
GBP				GBP
	At Cost
	Unlisted investments		339,184		324,938


	The company holds 20% or more of the share capital of the following companies:
	Company	Class of shares held	%		Capital and reserves
					EUR
	Turisbessa-Empreendimentos Turisticos LDA	Ordinary	74		7,079,717
	Mauriata-Empreedimentos Turisticos LDA	Ordinary	73		2,199,516
	Ribeira Pequena-Sociedade de	Ordinary	73		588,664
	Ternuras 1000 LDA	Ordinary	94		438,470
	Turisvarge-Empreenimentos Turisticos LDA	Ordinary	94		2,101,008
	Turismad Hostess, S.L.	Ordinary	95		85,551
	BBON LDA	Ordinary	95		12,587,912

	The investment companies are incorporated in Portugal and Spain


5	Creditors: amounts falling due within one year		2025		2024
GBP				GBP

	Amounts owed to group undertakings and undertakings in which the company has a participating interest		122,789		115,952
	Other creditors		1,800		899
			124,589		116,851


6	Other information

	Valeraz Limited is a private company limited by shares and incorporated in England. Its registered office is:
	53 Rodney Street
	Liverpool
	United Kingdom
	L1 9ER