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Company Registration No. 13472977 (England and Wales)
SIE VENTURES LTD Unaudited accounts for the year ended 30 June 2023
SIE VENTURES LTD Unaudited accounts Contents
Page
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SIE VENTURES LTD Company Information for the year ended 30 June 2023
Directors
Triin Linamagi Nicole Velho
Company Number
13472977 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Thriveworks Ltd 4a The Barns, Bulrushes Farm Coombe Hill Road East Grinstead West Sussex RH19 4LZ
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SIE VENTURES LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
363 
619 
Current assets
Debtors
44,277 
36,000 
Cash at bank and in hand
72,980 
91,297 
117,257 
127,297 
Creditors: amounts falling due within one year
(92,030)
(124,027)
Net current assets
25,227 
3,270 
Net assets
25,590 
3,889 
Capital and reserves
Profit and loss account
25,590 
3,889 
Shareholders' funds
25,590 
3,889 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Triin Linamagi Director Company Registration No. 13472977
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SIE VENTURES LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
SIE VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 13472977. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
768 
At 30 June 2023
768 
Depreciation
At 1 July 2022
149 
Charge for the year
256 
At 30 June 2023
405 
Net book value
At 30 June 2023
363 
At 30 June 2022
619 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,000 
36,000 
Accrued income and prepayments
2,277 
- 
44,277 
36,000 
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SIE VENTURES LTD Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,960 
13,832 
Trade creditors
84 
999 
Taxes and social security
13,345 
3,163 
Other creditors
1,475 
- 
Loans from directors
9,749 
6,571 
Deferred income
60,417 
99,462 
92,030 
124,027 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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