Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **THE VALLE ACADEMY TRUST LTD WILTON HOUSE DELAMARE ROAD CHESHUNT HERTFORDSHIRE EN8 9SG** Date:27 May 2025 The partners SRV Delson Maruti House 1[st] Floor 369 Station Road Harrow HA1 2AW Dear Sirs, ## **FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024** We confirm that the following representations are made on the basis of enquiries of the directors, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make the representations. We have fulfilled our responsibilities as directors under the Companies Act 2006 for preparing financial statements, in accordance with the applicable financial reporting framework including _IFRS, FRS 101, FRS 102, FRS 102 Section 1A, FRS 105, etc._ We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts We confirm that all accounting records had been made available to you for the purpose of preparing the company’s accounts and that all the transactions undertaken by the company have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders’ meetings, had been made available to you. We confirm that the controlling interest of the company and the ultimate controlling party is disclosed in the accounts. We confirm the company has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. We confirm that we have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. We confirm that the company had no liabilities or contingent liabilities other than those disclosed in the accounts. We confirm that there have been no events since the balance sheet date which required disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements. Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **THE VALLE ACADEMY TRUST LTD WILTON HOUSE DELAMARE ROAD CHESHUNT HERTFORDSHIRE EN8 9SG** We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework. We confirm that any amounts borrowed by directors are repayable to the company on demand and within nine months of the above period end at the latest. We confirm that the company has not contracted for any capital expenditure other than as disclosed in the financial statements. We confirm that the company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the entry conducts its business and which are central to the entity’s ability to conduct its business, except as explained to you and as disclosed in the financial statements. We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the business. There have been no deficiencies in internal control of which we are aware. We confirm that there have been no actual or suspected instances of fraud involving management or employees who have a significant role in internal control that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by employees, former employees, analysts, regulators or others. We confirm that, in our opinion, the company’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding, the availability of working capital, the forecast cash flow and forward orders received to date and support will be more than adequate for the company’s needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, including the availability of working capital and have considered a future period of at least one year from the date on which the financial statements _were_ approved. We confirm that any disclosures made in the financial statements are an accurate reflection of our plans and the reasons for our confirmation of the company’s ability to continue operating. We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole. We confirm that we are not aware of any matters of material significance that should be reported to regulators. Yours faithfully ------------------- ## **S. J. Wortley** For and on behalf of the board of directors Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E **Company registration number: 04504519** **The Valle Academy Trust Ltd Trading as The Valle Academy Trust Ltd Company limited by guarantee Unaudited financial statements 31 August 2024** Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** |Directors and other information
Directors report
Accountants report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements|**Contents**
**Page**
**1**
**2**
**3**
**4**
**5 - 6**
**7**
**8 - 11**| |---|---| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Directors and other information** ## **Directors** |**Directors**|| |---|---| ||C M Wortley| ||S J Wortley| |**Secretary**|S J Wortley| |**Company number**|04504519| |**Registered office**|Wilton House| ||Delamare Road| ||Cheshunt| ||Hertfordshire| ||EN8 9SG| |**Business address**|Wilton House| ||Delamare Road| ||Cheshunt| ||Hertfordshire| ||EN8 9SG| |**Accountants**|SRV Delson| ||Maruti House| ||1st Floor, 369 Station Road| ||Harrow| ||Middlesex| ||HA1 2AW| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** **Directors report Year ended 31 August 2024** The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2024. ## **Directors** The directors who served the company during the year were as follows: C M Wortley S J Wortley ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. This report was approved by the board of directors on 27 May 2025 and signed on behalf of the board by: S J Wortley Director Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Report to the board of directors on the preparation of the unaudited statutory financial statements of The Valle Academy Trust Ltd Year ended 31 August 2024** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Valle Academy Trust Ltd for the year ended 31 August 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of The Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards-rules-standards/acca-rulebook.html. This report is made solely to the board of directors of The Valle Academy Trust Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Valle Academy Trust Ltd and state those matters that we have agreed to state to the board of directors of The Valle Academy Trust Ltd as a body, in this report in accordance with the requirements of The Association of Chartered Certified Accountants as detailed at www.accaglobal.com/en/member/professional-standards-rules-standards/acca-rulebook.html To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Valle Academy Trust Ltd and its board of directors as a body for our work or for this report. It is your duty to ensure that The Valle Academy Trust Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Valle Academy Trust Ltd. You consider that The Valle Academy Trust Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of The Valle Academy Trust Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. SRV Delson Chartered Certified Accountants Maruti House 1st Floor, 369 Station Road Harrow Middlesex HA1 2AW 27 May 2025 Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Statement of comprehensive income Year ended 31 August 2024** |||**2024**|**2023**|| |---|---|---|---|---| ||**Note**|**£**|_£_|| |**Turnover**||288,770|_250,599_|| |Cost of sales||)
(172,558|_(142,257_|_)_| |**Gross profit**||116,212|_108,342_|| |Administrative expenses||)
(96,519|_(90,533_|_)_| |Other operating income||-|_1,225_|| |**Operating profit**||19,693|_19,034_|| |Interest payable and similar expenses||)
(1,619|_)_
_(1,619_|| |**Profit before taxation**|**6**|18,074|_17,415_|| |Tax on profit|**7**|-|_-_|| |**Profit for the financial year and total**||||| |**comprehensive income**||18,074|_17,415_|| All the activities of the company are from continuing operations. **The notes on pages 8 to 11 form part of these financial statements.** Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** |**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due**
**after more than one year**
**Accruals and deferred income**
**Net assets**
**Capital and reserves**
Profit and loss account
**Members funds**|**Statement of financial position**
**31 August 2024**
**2024**
**Note**
**£**
**£**
**8**
294
294
188,956
188,956
**9**
)
(19,371
169,585
169,879
**10**
)
(25,197
)
(1,620
143,062
143,062
143,062|**Statement of financial position**
**31 August 2024**
**2024**
**Note**
**£**
**£**
**8**
294
294
188,956
188,956
**9**
)
(19,371
169,585
169,879
**10**
)
(25,197
)
(1,620
143,062
143,062
143,062|2023
_£_
_345_
_178,952_
_178,952_
_)_
_(19,371_|_£_
345
_159,581_
_159,926_
)
(33,318
_)_
_(1,620_
_124,988_
_124,988_
_124,988_| |---|---|---|---|---| |||
**31 August 2024**
**2024**
**Note**
**£**
**8**
294
188,956
188,956
**9**
)
(19,371
**10**||| |||
**Note**
**8**
**9**
**10**||| For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities: - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. **The notes on pages 8 to 11 form part of these financial statements.** Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Statement of financial position (continued)** ## **31 August 2024** These financial statements were approved by the board of directors and authorised for issue on 27 May 2025, and are signed on behalf of the board by: S J Wortley Director Company registration number: 04504519 **The notes on pages 8 to 11 form part of these financial statements.** Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Statement of changes in equity Year ended 31 August 2024** |Profit and
loss
account
_£_
**At 1 September 2022**
107,573
Profit for the year
17,415
**Total comprehensive income for the year**
17,415
**At 31 August 2023 and 1 September 2023**
_124,988_
Profit for the year
18,074
**Total comprehensive income for the year**
18,074
**At 31 August 2024**
143,062|**Total**
**£**
107,573
17,415| |---|---| ||17,415| ||_124,988_
18,074| ||18,074| ||143,062| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Notes to the financial statements Year ended 31 August 2024** ## **1. General information** The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is Wilton House, Delamare Road, Cheshunt, Hertfordshire, EN8 9SG. ## **Principal Activities** The principal activity of the company is the operation of arts facilities ## **2. Statement of compliance** These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** The directors consider that in preparing the financial statements, they have taken into account all the information that could reasonably be expected to be available together with their continued support and that of the bank to the company. On this basis the directors consider that it is appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would result if the company would cease trading. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 August 2024** ## **Taxation** The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at 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 to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. ## **Tangible assets** Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. ## **Impairment** A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 August 2024** ## **Financial instruments** A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. ## **4. Limited by guarantee** The company is limited by guarantee provided by the members. ## **5. Employee numbers** The average number of persons employed by the company during the year amounted to Nil (2023: 2). The employees of the company are sub contracted tutors. ## **6. Profit before taxation** Profit before taxation is stated after charging/(crediting): |Profit before taxation is stated after charging/(crediting):||||| |---|---|---|---|---| |||**2024**|**2023**|| ||**£**||_£_|| |Depreciation of tangible assets||51||_114_| **7. Tax on profit** Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 August 2024** ## **8. Tangible assets** |**8.**|**Tangible assets**||||| |---|---|---|---|---|---| |||Short|Fixtures,|**Total**|| |||leasehold|fittings and||| |||property|equipment||| |||_£_|_£_|**£**|| ||**Cost**||||| ||**At 1 September 2023 and 31 August 2024**|_29,243_|_39,823_|_69,066_|| ||**Depreciation**||||| ||At 1 September 2023|29,242|39,479|68,721|| ||Charge for the year|-|51||51| ||**At 31 August 2024**|29,242|39,530|68,772|| ||**Carrying amount**||||| ||**At 31 August 2024**|1|293||294| ||At 31 August 2023|_1_|_344_||_345_| |**9.**|**Creditors: amounts falling due within one year**||||| ||||**2024**|**2023**|| ||||**£**|_£_|| ||Bank loans and overdrafts||19,371|_19,371_|| ||Other creditors||-||_-_| |**10.**|**Creditors: amounts falling due after more than one year**||||| ||||**2024**|**2023**|| ||||**£**|_£_|| ||Bank loans and overdrafts||25,197|_33,318_|| ## **11. Financial instruments** Financial instruments carried on the statement of financial position include cash and cash equivalents, borrowings and accruals. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Detailed income statement Year ended 31 August 2024** |**Turnover**
Sales
**Cost of sales**
Purchases
Studio, theatre and hall hire
Direct costs
Wages and salaries
**Gross profit**
**Gross profit percentage**
**Overheads**
Administrative expenses
**Other operating income**
Insurance claims receivable
**Operating profit**
**Operating profit percentage**
Interest payable and similar expenses
**Profit before taxation**|**2024**
**2023**
**£**
**£**
288,770
_250,599_
288,770
_250,599_
-
_12,689_
6,419
_5,514_
24,151
_64,381_
141,988
_59,673_
172,558
_)_
_(142,257_
116,212
108,342
%
40.2
_%_
_43.2_
)
(96,519
_)_
_(90,533_
)
(96,519
_)_
_(90,533_
-
_)_
_(1,225_
-
_1,225_
19,693
_19,034_
%
6.8
_%_
_7.6_
)
(1,619
_)_
_(1,619_
18,074
17,415| |---|---| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Detailed income statement (continued) Year ended 31 August 2024** |**Overheads**
**Administrative expenses**
Rent payable
Rates
Insurance
Light and heat
Cleaning
Repairs and maintenance
Printing, postage and stationery
Advertising
Telephone
Computer costs
Hire of equipment
Gifts
Legal and professional
Bookkeeping fees
Accountancy fees
Bank charges
General expenses
Charitable donations
Subscriptions
Depreciation of tangible assets|**2024**
**2023**
**£**
**£**
36,000
_36,000_
1,040
_1,184_
5,223
_5,070_
4,223
_3,386_
1,002
_980_
8,089
_8,450_
3,933
_3,854_
4,533
_3,211_
2,448
_1,974_
2,888
_1,163_
2,676
_3,245_
855
_350_
364
_-_
12,965
_12,977_
1,570
_1,570_
1,135
_1,221_
6,844
_5,234_
350
_220_
330
_330_
51
_114_
96,519
_90,533_|**2024**
**2023**
**£**
**£**
36,000
_36,000_
1,040
_1,184_
5,223
_5,070_
4,223
_3,386_
1,002
_980_
8,089
_8,450_
3,933
_3,854_
4,533
_3,211_
2,448
_1,974_
2,888
_1,163_
2,676
_3,245_
855
_350_
364
_-_
12,965
_12,977_
1,570
_1,570_
1,135
_1,221_
6,844
_5,234_
350
_220_
330
_330_
51
_114_
96,519
_90,533_| |---|---|---| |||_90,533_| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E **Company registration number: 04504519** **The Valle Academy Trust Ltd Trading as The Valle Academy Trust Ltd Company limited by guarantee** **Unaudited filleted financial statements** **31 August 2024** Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** |**Contents**|| |---|---| ||**Page**| |Directors and other information|**1**| |Accountants report|| |Statement of financial position and notes to the financial statements|**2 - 3**| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Directors and other information** ## **Directors** |**Directors**|| |---|---| ||C M Wortley| ||S J Wortley| |**Secretary**|S J Wortley| |**Company number**|04504519| |**Registered office**|Wilton House| ||Delamare Road| ||Cheshunt| ||Hertfordshire| ||EN8 9SG| |**Business address**|Wilton House| ||Delamare Road| ||Cheshunt| ||Hertfordshire| ||EN8 9SG| |**Accountants**|SRV Delson| ||Maruti House| ||1st Floor, 369 Station Road| ||Harrow| ||Middlesex| ||HA1 2AW| Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Statement of financial position 31 August 2024** |Fixed assets
Current assets
Creditors: amounts falling due within one year
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more than one year
Accruals and deferred income
**Net assets**
**Capital and reserves**|**2024**
**2023**
**£**
_£_
294
_345_
188,956
_178,952_
)
(19,371
_)_
_(19,371_
169,585
_159,581_
169,879
_159,926_
)
(25,197
_)_
_(33,318_
)
(1,620
_)_
_(1,620_
143,062
_124,988_
143,062
_124,988_| |---|---| ## **Notes to the financial statements** ## **1. Employee numbers** The average number of persons employed by the company during the year amounted to Nil (2023: 2). The employees of the company are sub contracted tutors. Docusign Envelope ID: 72D4217C-E8A7-48BD-B78C-4F5EF5530E8E ## **The Valle Academy Trust Ltd Company limited by guarantee** ## **Statement of financial position (continued) Year ended 31 August 2024** For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsiblities: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements were approved by the board of directors and authorised for issue on 27 May 2025, and are signed on behalf of the board by: ## **S J Wortley** Director Company registration number: 04504519 The company is a private company limited by guarantee, registered in England & Wales.