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REGISTERED NUMBER: 09858499 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

VENTURE BUSINESS LIMITED

VENTURE BUSINESS LIMITED (REGISTERED NUMBER: 09858499)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTURE BUSINESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: Mrs M Grace Cole





REGISTERED OFFICE: C/o Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 09858499 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

VENTURE BUSINESS LIMITED (REGISTERED NUMBER: 09858499)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,651 4,860

CURRENT ASSETS
Debtors 5 211,037 45,207
Cash at bank 248 48,172
211,285 93,379
CREDITORS
Amounts falling due within one year 6 (137,767 ) (44,598 )
NET CURRENT ASSETS 73,518 48,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,169

53,641

CREDITORS
Amounts falling due after more than one
year

7

(40,000

)

(50,000

)
NET ASSETS 36,169 3,641

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,069 3,541
SHAREHOLDERS' FUNDS 36,169 3,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VENTURE BUSINESS LIMITED (REGISTERED NUMBER: 09858499)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 5 September 2022 and were signed by:





Mrs M Grace Cole - Director


VENTURE BUSINESS LIMITED (REGISTERED NUMBER: 09858499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Venture Business 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.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year 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 balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 9 ) .

VENTURE BUSINESS LIMITED (REGISTERED NUMBER: 09858499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2020 - 10,343 943 11,286
Additions 920 - - 920
At 30 November 2021 920 10,343 943 12,206
DEPRECIATION
At 1 December 2020 - 6,208 218 6,426
Charge for year 307 2,586 236 3,129
At 30 November 2021 307 8,794 454 9,555
NET BOOK VALUE
At 30 November 2021 613 1,549 489 2,651
At 30 November 2020 - 4,135 725 4,860

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 118,540 9,685
Other debtors - 166
Director’s current account 92,497 35,356
211,037 45,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 21,805 -
Trade creditors 12,415 7,489
Corporation tax 17,234 8,711
Social security and other taxes 60,027 23,338
Other creditors 500 500
Amounts due to associated
undertakings 21,226 -
Accrued expenses 4,560 4,560
137,767 44,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans due between
1 & 2 years 10,000 -
Bank loans due between
2 & 5 years 30,000 -
Loan - 50,000
40,000 50,000