2022-03-232023-03-212023-03-21false10244370ALLENDALE VENTURES 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ALLENDALE VENTURES LIMITED

Registered Number
10244370
(England and Wales)

Unaudited Financial Statements for the Period ended
21 March 2023

ALLENDALE VENTURES LIMITED
Company Information
for the period from 23 March 2022 to 21 March 2023

Directors

PATEL, Hitesh Jayanand
PATEL, Jitendra Jayanand

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

10244370 (England and Wales)
ALLENDALE VENTURES LIMITED
Balance Sheet as at
21 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets62841,134
Tangible assets781,161102,312
81,445103,446
Current assets
Stocks84,1724,821
Debtors9101,076373,660
Cash at bank and on hand76,45842,632
181,706421,113
Creditors amounts falling due within one year10(82,407)(325,938)
Net current assets (liabilities)99,29995,175
Total assets less current liabilities180,744198,621
Creditors amounts falling due after one year11(68,855)(99,586)
Net assets111,88999,035
Capital and reserves
Called up share capital100100
Profit and loss account111,78998,935
Shareholders' funds111,88999,035
The financial statements were approved and authorised for issue by the Board of Directors on 10 March 2024, and are signed on its behalf by:
PATEL, Hitesh Jayanand
Director
PATEL, Jitendra Jayanand
Director

Registered Company No. 10244370
ALLENDALE VENTURES LIMITED
Notes to the Financial Statements
for the period ended 21 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery8
Fixtures and fittings8
Intangible assets policy
Patents and license's, being the amount paid in connection with the acquisition of a business in 0, is being amortized evenly over its estimated useful life of 5 years.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year22
6.Intangible assets

Other

Total

££
Cost or valuation
At 23 March 224,2504,250
At 21 March 234,2504,250
Amortisation and impairment
At 23 March 223,1163,116
Charge for year850850
At 21 March 233,9663,966
Net book value
At 21 March 23284284
At 22 March 221,1341,134
7.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 23 March 2241,219127,983169,202
At 21 March 2341,219127,983169,202
Depreciation and impairment
At 23 March 2214,94951,94166,890
Charge for year5,15315,99821,151
At 21 March 2320,10267,93988,041
Net book value
At 21 March 2321,11760,04481,161
At 22 March 2226,27076,042102,312
8.Stocks

2023

2022

££
Other stocks4,1724,821
Total4,1724,821
9.Debtors

2023

2022

££
Trade debtors / trade receivables1,75112,218
Amounts owed by group undertakings94,740341,886
Other debtors1,7468,330
Prepayments and accrued income2,83911,226
Total101,076373,660
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables11,034234,609
Bank borrowings and overdrafts27,68221,220
Amounts owed to related parties33,90167,351
Taxation and social security7,920-
Accrued liabilities and deferred income1,8702,758
Total82,407325,938
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts68,85599,586
Total68,85599,586