PTP Accounts Production v23.3.0.418 09579278 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure095792782022-03-31095792782023-03-31095792782022-04-012023-03-31095792782021-03-31095792782021-04-012022-03-31095792782022-03-3109579278ns16:EnglandWales2022-04-012023-03-3109579278ns15:PoundSterling2022-04-012023-03-3109579278ns11:Director12022-04-012023-03-3109579278ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109579278ns11:SmallEntities2022-04-012023-03-3109579278ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109579278ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109579278ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109579278ns11:FullAccounts2022-04-012023-03-310957927812022-04-012023-03-3109579278ns11:Director22022-04-012023-03-3109579278ns11:RegisteredOffice2022-04-012023-03-3109579278ns6:CurrentFinancialInstruments2023-03-3109579278ns6:CurrentFinancialInstruments2022-03-3109579278ns6:Non-currentFinancialInstruments2023-03-3109579278ns6:Non-currentFinancialInstruments2022-03-3109579278ns6:ShareCapital2023-03-3109579278ns6:ShareCapital2022-03-3109579278ns6:SharePremium2023-03-3109579278ns6:SharePremium2022-03-3109579278ns6:RetainedEarningsAccumulatedLosses2023-03-3109579278ns6:RetainedEarningsAccumulatedLosses2022-03-3109579278ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109579278ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3109579278ns6:PlantMachinery2022-04-012023-03-3109579278ns6:IntangibleAssetsOtherThanGoodwill2023-03-3109579278ns6:PlantMachinery2022-03-3109579278ns6:PlantMachinery2023-03-3109579278ns6:PlantMachinery2022-03-3109579278ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109579278ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109579278ns11:Director112022-03-3109579278ns11:Director112021-03-3109579278ns11:Director112022-04-012023-03-3109579278ns11:Director112021-04-012022-03-3109579278ns11:Director112023-03-3109579278ns11:Director112022-03-31
REGISTERED NUMBER: 09579278 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

VENTURE HEALTHCARE LTD

VENTURE HEALTHCARE LTD (Registered number: 09579278)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTURE HEALTHCARE LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P A Hawtin
Dr M L S Toby





REGISTERED OFFICE: St James House
St James Road
Surbiton
Surrey
KT6 4QH





REGISTERED NUMBER: 09579278 (England and Wales)






VENTURE HEALTHCARE LTD (Registered number: 09579278)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,159 -
Tangible assets 5 8,650 4,363
9,809 4,363

CURRENT ASSETS
Stocks 97,890 188,460
Debtors 6 230,676 162,826
Prepayments and accrued income 2,660 -
Cash at bank 417,055 40,684
748,281 391,970
CREDITORS
Amounts falling due within one year 7 53,483 107,456
NET CURRENT ASSETS 694,798 284,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,607

288,877

CREDITORS
Amounts falling due after more than one
year

8

154,167

209,418
NET ASSETS 550,440 79,459

CAPITAL AND RESERVES
Called up share capital 1,005 2
Share premium 500,000 -
Retained earnings 49,435 79,457
SHAREHOLDERS' FUNDS 550,440 79,459

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.

VENTURE HEALTHCARE LTD (Registered number: 09579278)

Balance Sheet - continued
31 March 2023


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 4 November 2023 and were signed on its behalf by:





Mr P A Hawtin - Director


VENTURE HEALTHCARE LTD (Registered number: 09579278)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

VENTURE HEALTHCARE 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 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.

VENTURE HEALTHCARE LTD (Registered number: 09579278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,159
At 31 March 2023 1,159
NET BOOK VALUE
At 31 March 2023 1,159

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022 9,372
Additions 7,157
At 31 March 2023 16,529
DEPRECIATION
At 1 April 2022 5,009
Charge for year 2,870
At 31 March 2023 7,879
NET BOOK VALUE
At 31 March 2023 8,650
At 31 March 2022 4,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 80,549 58,787
Amounts owed by associates 147,739 104,039
Other debtors 2,388 -
230,676 162,826

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (9,047 ) 25,970
Taxation and social security 58,537 80,045
Other creditors 3,993 1,441
53,483 107,456

VENTURE HEALTHCARE LTD (Registered number: 09579278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 154,167 209,418

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr P A Hawtin
Balance outstanding at start of year - 157,209
Amounts repaid - (157,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -