Valleyview Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07275228 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2020 TO 31 DECEMBER 2021

FOR

VALLEYVIEW PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Demetri

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

07275228 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

2,740,089

2,300,000

CURRENT ASSETS

Debtors

5

1,153,522

204

Cash at bank

909

-

1,154,431

204

CREDITORS

Amounts falling due within one year

6

1,062,643

1,013,559

NET CURRENT ASSETS/(LIABILITIES)

91,788

(1,013,355

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,831,877

1,286,645

CREDITORS

Amounts falling due after more than one year

7

(1,443,575

)

-

PROVISIONS FOR LIABILITIES

(214,511

)

(153,219

)

NET ASSETS

1,173,791

1,133,426

CAPITAL AND RESERVES

Called up share capital

4

4

Non-distributable reserves

914,490

970,969

Retained earnings

259,297

162,453

1,173,791

1,133,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 22 September 2022 and were signed by:

Mr P Demetri - Director

1.	STATUTORY INFORMATION

Valleyview Properties 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 as modified by the revaluation of certain assets.

TURNOVER

Turnover represents rent receivable.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION

Taxation for the period 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2020

2,300,000

Additions

440,089

At 31 December 2021

2,740,089

NET BOOK VALUE

At 31 December 2021

2,740,089

At 30 June 2020

2,300,000

Fair value at 31 December 2021 is represented by:

£

Valuation in 2021

1,129,000

Cost

1,611,089

2,740,089

If investment properties had not been revalued they would have been included at the following historical cost:

2021

2020

£

£

Cost

1,611,089

1,171,000

Investment properties were valued on a fair value basis on 31 December 2021 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

1,152,350

-

Other debtors

1,172

204

1,153,522

204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

7,450

3,469

Amounts owed to group undertakings

513,189

-

Taxation and social security

39,182

41,820

Other creditors

502,822

968,270

1,062,643

1,013,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

1,443,575

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,443,575

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

1,443,575

-

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY