The Valentine SE1 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07775190

THE VALENTINE SE1 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R F Copper

M J Omirou

J M Skok

M Williams

SECRETARIES:

M Blackmore

C A Massos

REGISTERED OFFICE:

Bridge House

4 Borough High Street

London Bridge

London

SE1 9QR

REGISTERED NUMBER:

07775190

AUDITORS:

Wilkins Kennedy Audit Services

Statutory Auditor

5 Yeomans Court

Ware Road

Hertford

Hertfordshire

SG13 7HJ

CURRENT ASSETS

Debtors

5

6,478

19,105

Cash at bank

-

653

6,478

19,758

CREDITORS

Amounts falling due within one year

6

6,474

19,754

NET CURRENT ASSETS

4

4

TOTAL ASSETS LESS CURRENT LIABILITIES

4

4

CAPITAL AND RESERVES

Called up share capital

4

4

SHAREHOLDERS' FUNDS

4

4

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2018 and were signed on its behalf by:

M J Omirou - Director

1.	STATUTORY INFORMATION

The Valentine SE1 Limited is a private company limited by share capital registered in England and

Wales. The registered office is Bridge House, 4 Borough High Street, London Bridge, London, SE1

9QR and its principal place of business is 1 Frederick Place, London N8 8AF.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A

'Small Entities' of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in

the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£) which is also the functional currency for the

company.

Going Concern

The financial statements are prepared on a going concern basis. The use of the going concern basis

of accounting is appropriate because there are no material uncertainties related to events or

conditions that may cast significant doubt about the ability of the company to continue as a going

concern on the basis that group undertakings will continue to support the company.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and

assumptions about the carrying values of assets and liabilities that are not readily apparent from other

sources. The estimates and underlying assumptions are based on historical experience and other

factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects both

current and future periods.

The directors consider that there are no significant judgements or estimates in the preparation of

these financial statements.

Turnover

Turnover rendered from the sale of developed residential apartments and commercial units is

recognised at the legal completion of the sale.

Trade and other debtors

Trade and other receivables are measured at transaction price less any impairment unless the

arrangement constitutes a financing transaction in which case the transaction is measured at the

present value of the future receipts discounted at the prevailing market rate of interest. Loans are

initially measured at fair value and are subsequently measured at amortised cost using the effective

interest method less any impairment.

Trade and other creditors

Trade and other payables are measured at their transaction price unless the arrangement constitutes

a financing transaction in which case the transaction is measured at present value of future payments

discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair

value net of their transaction costs. They are subsequently measured at amortised cost using the

effective interest method.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the

current or past reporting periods using tax rates that have been enacted or substantively enacted by

the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax

losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the

reporting date that are expected to apply to the reversal of the timing difference.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

6,478

4,841

Other debtors

-

14,264

6,478

19,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

6,474

19,754

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

The Report of the Auditors was unqualified.

Alison Nayler BSc FCA (Senior Statutory Auditor)

for and on behalf of Wilkins Kennedy Audit Services

8.	RELATED PARTY DISCLOSURES

At the year end, the company allocated the loss to its shareholders in accordance with a business

agreement amounting to £1,637 each. In 2017, £69,196 was allocated to Deco (Long Lane) Limited

and a loss of £7,733 was allocated to Acorn (Valentine) Limited in line with the agreement.

At the year end the amount due from Deco (Long Lane) Limited was £6,475 (2017: £4,838) and the

amount due to Acorn (Valentine) Limited was £3,857 (due from 2017: £13,130).

At the year end the company owed £Nil (2017: £16,613) to RST London Limited, a company with

common directors.

9.	ULTIMATE PARENT COMPANY

The directors regard Deco Design and Build Co. Limited as the ultimate parent company. Deco (Long

Lane) Limited is the immediate parent company. The registered offices of the immediate and the

ultimate parent companies is Jubilee House Jubilee Court, Dersingham, King's Lynn, Norfolk, PE31

6HH. Copies of the group financial statements may be obtained from Companies House.