Valiant House Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03097235 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2020

FOR

VALIANT HOUSE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E M Beauchamp

A G Hilton

N C Stead

SECRETARY:

College Company Services Limited

REGISTERED OFFICE:

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

REGISTERED NUMBER:

03097235 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

130,948

121,927

Investments

5

1

1

130,949

121,928

CURRENT ASSETS

Debtors

6

176,282

296,807

Cash at bank

278,044

184,838

454,326

481,645

CREDITORS

Amounts falling due within one year

7

27,018

24,272

NET CURRENT ASSETS

427,308

457,373

TOTAL ASSETS LESS CURRENT LIABILITIES

558,257

579,301

CAPITAL AND RESERVES

Called up share capital

86

85

Share premium

45,720

35,721

Retained earnings

512,451

543,495

SHAREHOLDERS' FUNDS

558,257

579,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th January 2021 and were signed on its behalf by:

A G Hilton - Director

N C Stead - Director

1.	STATUTORY INFORMATION

Valiant House 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.

Preparation of consolidated financial statements

The financial statements contain information about Valiant House Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

-

20% on reducing balance

The directors are of the opinion that the residual value of the company's freehold property is no lower than the original cost price and consequently any resulting depreciation charge is immaterial and is not provided.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st October 2019

121,927

-

121,927

Additions

-

10,729

10,729

Disposals

(636

)

-

(636

)

At 30th September 2020

121,291

10,729

132,020

DEPRECIATION

Charge for year

-

1,072

1,072

At 30th September 2020

-

1,072

1,072

NET BOOK VALUE

At 30th September 2020

121,291

9,657

130,948

At 30th September 2019

121,927

-

121,927

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st October 2019

and 30th September 2020

1

NET BOOK VALUE

At 30th September 2020

1

At 30th September 2019

1

The investment is in respect of the wholly owned subsidiary company, No. 1 Battersea Square Property Company Limited.

6.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Due from No. 1 Battersea Square Property Company Limited

168,367

167,972

Other debtors

1,350

116,525

Prepayments

315

310

170,032

284,807

2020

2019

£

£

Amounts falling due after more than one year:

Other debtors

6,250

12,000

Aggregate amounts

176,282

296,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

20,695

19,974

Other creditors

6,323

4,298

27,018

24,272