Registration number: 05051225

Vale Lettings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Vale Lettings Limited

Company Information

Director

Mr Ian Roberts

Registered office

7 Manor Drive Aylesbury Bucks HP20 1EW

Accountants

MAG Advisory Limited 60 Great Lane Bierton Aylesbury Bucks HP22 5BX

Vale Lettings Limited

(Registration number: 05051225)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,423,922	1,423,922
Current assets
Debtors	5	567	1,718
Cash at bank and in hand		24,576	79,433
		25,143	81,151
Creditors: Amounts falling due within one year	6	(18,441)	(15,313)
Net current assets		6,702	65,838
Total assets less current liabilities		1,430,624	1,489,760
Creditors: Amounts falling due after more than one year	6	(770,000)	(840,484)
Provisions for liabilities		(98,415)	(98,415)
Net assets		562,209	550,861
Capital and reserves
Called up share capital	7	1,000	1,000
Revaluation reserve		517,972	517,972
Retained earnings		43,237	31,889
Shareholders' funds		562,209	550,861

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 September 2026
 

......................................... Mr Ian Roberts Director

Vale Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
7 Manor Drive
Aylesbury
Bucks
HP20 1EW

These financial statements were authorised for issue by the director on 21 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Vale Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Improvements to property -20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Vale Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2025 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 March 2025	1,455,347	1,455,347
At 28 February 2026	1,455,347	1,455,347
Depreciation
At 1 March 2025	31,425	31,425
At 28 February 2026	31,425	31,425
Carrying amount
At 28 February 2026	1,423,922	1,423,922
At 28 February 2025	1,423,922	1,423,922

Included within the net book value of land and buildings above is £1,423,922 (2025 - £1,423,922) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Other debtors	567	1,718
	567	1,718

Vale Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	12,356	11,685
Accruals and deferred income	3,000	1,500
Other creditors	3,085	2,128
	18,441	15,313

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Other financial liabilities	770,000	840,484

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
ORDINARY of £1 each	1,000	1,000	1,000	1,000

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	29,287	29,287

9	Related party transactions

Summary of transactions with other related parties

The company was under the control of Mr Roberts throughout the current and previous year. Mr Roberts is the managing director and majority shareholder.
At the end of the year the company has an amount of £770,000 (2025 £840,484) owed to IP-Soft Limited, a company of which Mr Roberts is the sole director and joint shareholder.
No other transactions with related parties were undertaken such as required under FRS 102.