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Registered number: 03510791
Valehirst Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hudson LM Limited
Castle Court
Castle Street
Whittington, Oswestry
Shropshire
SY11 4DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03510791
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,000 30,000
Tangible Assets 5 505,182 511,264
529,182 541,264
CURRENT ASSETS
Stocks 6 64,277 42,745
Debtors 7 13,683 15,578
Cash at bank and in hand 31,922 41,118
109,882 99,441
Creditors: Amounts Falling Due Within One Year 8 (45,280 ) (65,976 )
NET CURRENT ASSETS (LIABILITIES) 64,602 33,465
TOTAL ASSETS LESS CURRENT LIABILITIES 593,784 574,729
Creditors: Amounts Falling Due After More Than One Year 9 (13,251 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,658 ) (10,814 )
NET ASSETS 570,875 563,915
CAPITAL AND RESERVES
Called up share capital 10 50 50
Share premium account 225,229 225,229
Profit and Loss Account 345,596 338,636
SHAREHOLDERS' FUNDS 570,875 563,915
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Nerys Simpson
Director
Mr James Simpson
Director
11 November 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Valehirst Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03510791 . The registered office is Chirk Trout Farm, Chirk, Wrexham, Wrexham County Borough, LL14 5BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998 for £30,000. It is not considered that it will diminish in value in the foreseeable future.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Leasehold 0%
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 33%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 6)
9 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 30,000
As at 31 March 2025 30,000
Amortisation
As at 1 April 2024 -
Provided during the period 6,000
As at 31 March 2025 6,000
Net Book Value
As at 31 March 2025 24,000
As at 1 April 2024 30,000
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 April 2024 454,346 99,675 42,750 36,487
Additions - 2,795 - 2,999
Disposals - - - (588 )
Revaluation - - - -
As at 31 March 2025 454,346 102,470 42,750 38,898
Depreciation
As at 1 April 2024 - 71,844 18,873 32,381
Provided during the period - 4,599 5,970 1,062
Disposals - - - (532 )
As at 31 March 2025 - 76,443 24,843 32,911
Net Book Value
As at 31 March 2025 454,346 26,027 17,907 5,987
As at 1 April 2024 454,346 27,831 23,877 4,106
Computer Equipment Total
£ £
Cost or Valuation
As at 1 April 2024 7,291 640,549
Additions 274 6,068
Disposals (67 ) (655 )
Revaluation 58 58
As at 31 March 2025 7,556 646,020
Depreciation
As at 1 April 2024 6,187 129,285
Provided during the period 454 12,085
Disposals - (532 )
As at 31 March 2025 6,641 140,838
Net Book Value
As at 31 March 2025 915 505,182
As at 1 April 2024 1,104 511,264
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Page 6
6. Stocks
2025 2024
£ £
Stock 64,277 42,745
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,872 7,888
Other debtors 3,811 7,690
13,683 15,578
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 20,518 16,379
Bank loans and overdrafts 7,452 34,115
Other creditors 6,417 7,745
Taxation and social security 10,893 7,737
45,280 65,976
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 13,251 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
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