VALUE ESTATES LTD

VALUE ESTATES LTD

VALUE ESTATES LTD - Company Information

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VALUE ESTATES LTD

Company Registration Number:
03979140 (England and Wales)

Unaudited abridged accounts for the year ended 02 May 2019

Period of accounts

Start date: 01 May 2018

End date: 02 May 2019

VALUE ESTATES LTD

Contents of the Financial Statements

for the Period Ended 02 May 2019

Balance sheet
Notes

VALUE ESTATES LTD

Balance sheet

As at 02 May 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 3,020,698 3,096,332
Total fixed assets: 3,020,698 3,096,332
Current assets
Debtors: 4 1,221,022 972,622
Cash at bank and in hand: 1,584 1,411
Total current assets: 1,222,606 974,033
Creditors: amounts falling due within one year: 5 (439,785) (481,800)
Net current assets (liabilities): 782,821 492,233
Total assets less current liabilities: 3,803,519 3,588,565
Creditors: amounts falling due after more than one year: 6 (1,735,004) (1,511,197)
Provision for liabilities: (224,107) (206,944)
Total net assets (liabilities): 1,844,408 1,870,424
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,844,406 1,870,422
Shareholders funds: 1,844,408 1,870,424

The notes form part of these financial statements

VALUE ESTATES LTD

Balance sheet statements

For the year ending 2 May 2019 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 24 December 2020
and signed on behalf of the board by:

Name: Mr C M Margulies
Status: Director

The notes form part of these financial statements

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

1. Accounting policies

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

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

2. Employees

2019 2018
Average number of employees during the period 0 0

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

3. Tangible Assets

Total
Cost £
At 01 May 2018 3,106,285
Additions 2,073
Revaluations (77,073)
At 02 May 2019 3,031,285
Depreciation
At 01 May 2018 9,953
Charge for year 634
At 02 May 2019 10,587
Net book value
At 02 May 2019 3,020,698
At 30 April 2018 3,096,332

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 1,221,022 972,622

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

5. Creditors: amounts falling due within one year note

Corporation TaxTenant DepositsOther Creditors

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts

VALUE ESTATES LTD

Notes to the Financial Statements

for the Period Ended 02 May 2019

7. Related party transactions

Name of the related party:
Relationship:
Company of which the Director is also a Director
Description of the Transaction: Loan to the company
£
Balance at 01 May 2018 245,315
Balance at 02 May 2019 245,315
Name of the related party:
Relationship:
Company of which the Director is also a Director
Description of the Transaction: Loan to the company
£
Balance at 01 May 2018 65,000
Balance at 02 May 2019 65,000