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REGISTERED NUMBER: 07584779 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2023

for

Premium Ventures Ltd

Premium Ventures Ltd (Registered number: 07584779)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premium Ventures Ltd

Company Information
for the year ended 31 March 2023







DIRECTORS: M Mercant Santa Cruz
G M Wild Ceruzzi
G A Parra Piani





SECRETARY: AS Sociedades Sin Fronteras SL





REGISTERED OFFICE: 1st Floor, Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 07584779 (England and Wales)





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Premium Ventures Ltd (Registered number: 07584779)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 300 600

CURRENT ASSETS
Debtors 5 1,899,153 2,461,842
Cash at bank and in hand 263,402 51,837
2,162,555 2,513,679
CREDITORS
Amounts falling due within one year 6 (2,002,882 ) (2,555,212 )
NET CURRENT ASSETS/(LIABILITIES) 159,673 (41,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,973

(40,933

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,873 (41,033 )
SHAREHOLDERS' FUNDS 159,973 (40,933 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 19 October 2023 and were signed on its behalf by:





G M Wild Ceruzzi - Director


Premium Ventures Ltd (Registered number: 07584779)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Premium Ventures Ltd 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 represents income receivable for the year, excluding value added tax. All turnover is attributable to markets outside the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Premium Ventures Ltd (Registered number: 07584779)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,501
DEPRECIATION
At 1 April 2022 901
Charge for year 300
At 31 March 2023 1,201
NET BOOK VALUE
At 31 March 2023 300
At 31 March 2022 600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,894,865 2,457,427
Other debtors 4,288 4,415
1,899,153 2,461,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,954,343 2,504,121
Taxation and social security 47,196 49,748
Other creditors 1,343 1,343
2,002,882 2,555,212

7. RELATED PARTY DISCLOSURES

Throughout the period the company was under the control of the directors by virtue of their shareholdings. At 31 March 2023 the balance owing to the directors on their accounts amounted to £1,343 (2022: £1,343)