IRIS Accounts Production v23.2.0.158 07688952 director 1.1.22 31.12.22 31.12.22 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure076889522021-12-31076889522022-12-31076889522022-01-012022-12-31076889522020-12-31076889522021-01-012021-12-31076889522021-12-3107688952ns16:EnglandWales2022-01-012022-12-3107688952ns15:PoundSterling2022-01-012022-12-3107688952ns11:Director12022-01-012022-12-3107688952ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3107688952ns11:SmallEntities2022-01-012022-12-3107688952ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3107688952ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3107688952ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3107688952ns11:FullAccounts2022-01-012022-12-3107688952ns11:RegisteredOffice2022-01-012022-12-3107688952ns6:CurrentFinancialInstruments2022-12-3107688952ns6:CurrentFinancialInstruments2021-12-3107688952ns6:ShareCapital2022-12-3107688952ns6:ShareCapital2021-12-3107688952ns6:SharePremium2022-12-3107688952ns6:SharePremium2021-12-3107688952ns6:FurtherSpecificReserve3ComponentTotalEquity2022-12-3107688952ns6:FurtherSpecificReserve3ComponentTotalEquity2021-12-3107688952ns6:RetainedEarningsAccumulatedLosses2022-12-3107688952ns6:RetainedEarningsAccumulatedLosses2021-12-3107688952ns6:FurnitureFittings2022-01-012022-12-3107688952ns6:FurnitureFittings2021-12-3107688952ns6:FurnitureFittings2022-12-3107688952ns6:FurnitureFittings2021-12-31
REGISTERED NUMBER: 07688952 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

30 PIER STREET VENTNOR LIMITED

30 PIER STREET VENTNOR LIMITED (REGISTERED NUMBER: 07688952)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


30 PIER STREET VENTNOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr Gert Rolien Bach Nielsen





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 07688952 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

30 PIER STREET VENTNOR LIMITED (REGISTERED NUMBER: 07688952)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 2,436
Investment property 5 540,000 540,000
540,000 542,436

CURRENT ASSETS
Debtors 6 10,000 -
Cash at bank 13,969 16,559
23,969 16,559
CREDITORS
Amounts falling due within one year 7 42,678 42,284
NET CURRENT LIABILITIES (18,709 ) (25,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,291

516,711

PROVISIONS FOR LIABILITIES 22,588 23,196
NET ASSETS 498,703 493,515

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Share premium 300,000 300,000
Fair value reserve 144,535 151,692
Retained earnings 29,168 16,823
SHAREHOLDERS' FUNDS 498,703 493,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

30 PIER STREET VENTNOR LIMITED (REGISTERED NUMBER: 07688952)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 7 November 2023 and were signed by:





Mr Gert Rolien Bach Nielsen - Director


30 PIER STREET VENTNOR LIMITED (REGISTERED NUMBER: 07688952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

30 Pier Street Ventnor 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements relate to 30 Pier Street Ventnor Limited as an individual entity.

Turnover
Turnover represents rents receivable during the accounting period.

A rental holiday was provided to the tenant in 1 quarter of the year in 2021 due to the impact of COVID, resulting in the lower rent received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


30 PIER STREET VENTNOR LIMITED (REGISTERED NUMBER: 07688952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2022
and 31 December 2022 48,718
DEPRECIATION
At 1 January 2022 46,282
Charge for year 2,436
At 31 December 2022 48,718
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 2,436

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2022
and 31 December 2022 540,000
NET BOOK VALUE
At 31 December 2022 540,000
At 31 December 2021 540,000

30 PIER STREET VENTNOR LIMITED (REGISTERED NUMBER: 07688952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2022 is represented by:
£
Valuation in 2020 (415 )
Valuation in 2017 160,000
Cost 380,415
540,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out on an open market value basis by reference to market evidence of transaction prices for similar properties by the director on 31 December 2020.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Amounts owed by group undertakings 10,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Amounts owed to group undertakings 40,583 40,584
Taxation and social security 2,095 1,700
42,678 42,284

8. ULTIMATE CONTROLLING PARENT

The ultimate parent undertaking is Neilor Limited, which prepares group financial statements. The registered office of Neilor Limited is Appledram Barns, Birdham Road, Chichester, PO20 7EQ.