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REGISTERED NUMBER: 03222187 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 25 NOVEMBER 2022

FOR

VENETIAN HEALTHCARE LIMITED

VENETIAN HEALTHCARE LIMITED (REGISTERED NUMBER: 03222187)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 25 NOVEMBER 2022

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

VENETIAN HEALTHCARE LIMITED

COMPANY INFORMATION

FOR THE PERIOD 1 JULY 2022 TO 25 NOVEMBER 2022

| Directors: | Mr D Corker

| Registered office: | Moorstone Cottage

| Over Road

| Baslow

| Bakewell

| DE45 1PL

| Registered number: | 03222187 (England and Wales)

| Accountants: | M Squared Accounting Ltd

| Botley Mills

| Mill Hill

| Botley

| Southampton

| Hampshire

| SO30 2GB

VENETIAN HEALTHCARE LIMITED (REGISTERED NUMBER: 03222187)

BALANCE SHEET

25 NOVEMBER 2022

| 2022 | 2022 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 1,866,167 |  | 1,874,187 |  |

Current assets

Stocks | 2,000 |  | 2,000 |  |

Debtors | 5 | 410,199 |  | 364,787 |  |

Cash at bank and in hand | 72,377 |  | 160,064 |  |

484,576 |  | 526,851 |  |

Creditors

Amounts falling due within one year | 6 | 1,413,806 |  | 335,701 |  |

Net current (liabilities)/assets | (929,230 | ) | 191,150 |  |

Total assets less current liabilities | 936,937 |  | 2,065,337 |  |

Creditors

Amounts falling due after more than one year | 7 | - |  | (1,151,788 | ) |

Provisions for liabilities | (17,541 | ) | (41,787 | ) |

Net assets | 919,396 |  | 871,762 |  |

Capital and reserves

Called up share capital | 2 |  | 2 |  |

Retained earnings | 919,394 |  | 871,760 |  |

919,396 |  | 871,762 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 November 2022 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.

VENETIAN HEALTHCARE LIMITED (REGISTERED NUMBER: 03222187)

BALANCE SHEET - continued

25 NOVEMBER 2022

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 Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:

Mr D Corker - Director

VENETIAN HEALTHCARE LIMITED (REGISTERED NUMBER: 03222187)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 25 NOVEMBER 2022

1. | STATUTORY INFORMATION

| Venetian Healthcare 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 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.

| Freehold property | - | not provided

| Improvements to property | - | not provided

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the period 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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.

VENETIAN HEALTHCARE LIMITED (REGISTERED NUMBER: 03222187)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2022 TO 25 NOVEMBER 2022

2. | ACCOUNTING POLICIES - continued

| 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 period was 53 (2022 - 55 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 July 2022 | 1,760,464 |  | 2,903 |  | 54,435 |  |

| Disposals | - |  | - |  | (1,676 | ) |

| At 25 November 2022 | 1,760,464 |  | 2,903 |  | 52,759 |  |

| DEPRECIATION

| At 1 July 2022 | - |  | - |  | 35,874 |  |

| Charge for period | - |  | - |  | 1,236 |  |

| Eliminated on disposal | - |  | - |  | (670 | ) |

| At 25 November 2022 | - |  | - |  | 36,440 |  |

| NET BOOK VALUE

| At 25 November 2022 | 1,760,464 |  | 2,903 |  | 16,319 |  |

| At 30 June 2022 | 1,760,464 |  | 2,903 |  | 18,561 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2022 | 155,273 |  | 8,627 |  | 25,126 |  | 2,006,828 |  |

| Disposals | - |  | - |  | (1,234 | ) | (2,910 | ) |

| At 25 November 2022 | 155,273 |  | 8,627 |  | 23,892 |  | 2,003,918 |  |

| DEPRECIATION

| At 1 July 2022 | 67,156 |  | 8,190 |  | 21,421 |  | 132,641 |  |

| Charge for period | 4,881 |  | 46 |  | 714 |  | 6,877 |  |

| Eliminated on disposal | - |  | - |  | (1,097 | ) | (1,767 | ) |

| At 25 November 2022 | 72,037 |  | 8,236 |  | 21,038 |  | 137,751 |  |

| NET BOOK VALUE

| At 25 November 2022 | 83,236 |  | 391 |  | 2,854 |  | 1,866,167 |  |

| At 30 June 2022 | 88,117 |  | 437 |  | 3,705 |  | 1,874,187 |  |

VENETIAN HEALTHCARE LIMITED (REGISTERED NUMBER: 03222187)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 JULY 2022 TO 25 NOVEMBER 2022

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2022 | 2022 |

£ | £ |

| Trade debtors | 52,922 |  | 30,821 |  |

| Other debtors | 357,277 |  | 333,966 |  |

410,199 |  | 364,787 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2022 | 2022 |

£ | £ |

| Bank loans and overdrafts | 1,226,600 |  | 146,859 |  |

| Trade creditors | 44,488 |  | 30,500 |  |

| Taxation and social security | 17,191 |  | 13,177 |  |

| Other creditors | 125,527 |  | 145,165 |  |

1,413,806 |  | 335,701 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2022 | 2022 |

£ | £ |

| Bank loans | - |  | 1,025,965 |  |

| Other creditors | - |  | 125,823 |  |

- |  | 1,151,788 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 438,528 |  |

8. | RELATED PARTY DISCLOSURES

| Victoria House (IOW) Limited, a company in which the previous directors, Mr & Mrs Hammond, are also directors and shareholders.

| Venetian Healthcare Ltd received income, and also made payments to suppliers, on behalf of Victoria House (IOW) Limited. The income and expenditure have been excluded from the profit & loss figures in these accounts. The balance of funds owed from Victoria House (IOW) Limited Ltd at the year end is £354,592.17 (At 30 June 2022 - £333,966) and can be found within Other Debtors.