REGISTERED NUMBER: 07992064 (England and Wales)

Valletta Surplus Limited

Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Chapman

P J Spencer

R Gray

M Green

D Wilson

M Whittaker

S Windas

REGISTERED OFFICE:

Valletta House

Valletta Street

Hedon Road

Hull

East Yorkshire

HU9 5NP

REGISTERED NUMBER:

07992064 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

931

5,604

CURRENT ASSETS

Debtors

5

338,168

188,290

Cash at bank

3,129

36,992

341,297

225,282

CREDITORS

Amounts falling due within one year

6

143,410

100,640

NET CURRENT ASSETS

197,887

124,642

TOTAL ASSETS LESS CURRENT LIABILITIES

198,818

130,246

PROVISIONS FOR LIABILITIES

233

1,520

NET ASSETS

198,585

128,726

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

188,585

118,726

198,585

128,726

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 13th May 2026 and were signed on its behalf by:

S Chapman - Director

1.	STATUTORY INFORMATION

Valletta Surplus 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.

Going Concern

The directors, having considered the budgets and forecasts for the period to December 2026, have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis. The ultimate parent company, Hallmark Doors Group Limited, have confirmed support if required.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, management have been required to make judgments, estimates and assumptions. These estimates which relate to the carrying value of assets and liabilities, where not readily available from other sources, are based on underlying assumptions and experience. Actual results may differ from these estimates. These estimates and assumptions are reviewed on an on-going basis.

Sources of estimation uncertainty

Depreciation rates are based on estimates of the useful lives and residual values of the associated assets.

Bad debt provisions are based on the likely recover of debtor balances.

Warranty provisions are based on an estimated additional spend per unit, for remedial costs applicable to products already delivered.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

6.67% on cost

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.

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 1 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

30,203

Disposals

(24,840

)

At 31st December 2025

5,363

DEPRECIATION

At 1st January 2025

24,599

Charge for year

2,003

Eliminated on disposal

(22,170

)

At 31st December 2025

4,432

NET BOOK VALUE

At 31st December 2025

931

At 31st December 2024

5,604

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

173

-

Amounts owed by group undertakings

337,995

188,290

338,168

188,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

117,125

96,610

Taxation and social security

25,740

4,030

Other creditors

545

-

143,410

100,640

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stocks FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

8.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Hallmark Group Holdings Limited, a company registered in England and Wales, and whose registered office is Valletta House, Valletta Street, Hedon Road, Hull, East Yorkshire, HU9 5NP. Hallmark Doors Group Limited is the ultimate parent undertaking and for the year ended 31 December 2025, and is the smallest and largest group which consolidates the financial information of the company.