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Ventrad Ltd
Filleted accounts
30 September 2021
Company registration number: 12195029
Ventrad Ltd
Directors and other information
Directors Dr K Ayub
Dr A Bokhari
Company number 12195029
Registered office 337 London Road
Headington
Oxford
OX3 9EL
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Ventrad Ltd
Balance sheet
30th September 2021
30/09/21 30/09/20
Note £ £ £ £
Creditors: amounts falling due
within one year 5 ( 12,712) ( 13,473)
_______ _______
Net current liabilities ( 12,712) ( 13,473)
_______ _______
Net liabilities ( 12,712) ( 13,473)
_______ _______
Capital and reserves
Called up share capital 6 1 1
Profit and loss account ( 12,713) ( 13,474)
_______ _______
Shareholder deficit ( 12,712) ( 13,473)
_______ _______
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has 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 and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 September 2022 , and are signed on behalf of the board by:
Dr K Ayub
Director
Company registration number: 12195029
Ventrad Ltd
Notes to the financial statements
Year ended 30th September 2021
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 337 London Road, Headington, Oxford, OX3 9EL. The principal activity of the company during the year was IP and Educational activities.
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. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts. 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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the profit and loss account, 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 not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).
5. Creditors: amounts falling due within one year
30/09/21 30/09/20
£ £
Other creditors 12,712 13,473
_______ _______
6. Called up share capital
Issued, called up and fully paid
30/09/21 30/09/20
No £ No £
Ordinary shares of £ 0.01 each 100 1 100 1
_______ _______ _______ _______