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REGISTERED NUMBER: 11756501 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Remarkable Ventures Ltd

Remarkable Ventures Ltd (Registered number: 11756501)






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


Remarkable Ventures Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Shaw
A Shaw





REGISTERED OFFICE: West Lea Havikil Lane
Scotton
Knaresborough
North Yorkshire
HG5 9HN





REGISTERED NUMBER: 11756501 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Remarkable Ventures Ltd (Registered number: 11756501)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 3 165,000 -

CURRENT ASSETS
Debtors 4 80,075 58,777
Investments 5 67 67
Cash in hand 2 2
80,144 58,846
CREDITORS
Amounts falling due within one year 6 (3,082 ) (5,070 )
NET CURRENT ASSETS 77,062 53,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,062

53,776

CREDITORS
Amounts falling due after more than one year 7 (140,225 ) (53,977 )

PROVISIONS FOR LIABILITIES (20,511 ) -
NET ASSETS/(LIABILITIES) 81,326 (201 )

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 87,439 -
Retained earnings (6,115 ) (203 )
81,326 (201 )

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.

Remarkable Ventures Ltd (Registered number: 11756501)

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 29 March 2024 and were signed on its behalf by:





M Shaw - Director


Remarkable Ventures Ltd (Registered number: 11756501)

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

1. 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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Remarkable Ventures Ltd (Registered number: 11756501)

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 57,050
Revaluations 107,950
At 31 March 2023 165,000
NET BOOK VALUE
At 31 March 2023 165,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 107,950
Cost 57,050
165,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,104 770
Other debtors 8,152 21,464
Intercompany debtor 59,176 27,743
Directors' current accounts 11,643 8,800
80,075 58,777

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings 67 67

Remarkable Ventures Ltd (Registered number: 11756501)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,251 968
Trade creditors 738 1,376
Amounts owed to group undertakings - 1,695
Corporation tax 3 3
Other creditors 250 250
Accrued expenses 840 778
3,082 5,070

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans more 5yrs instal 140,225 53,977

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 140,225 53,977

8. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
A Shaw
Balance outstanding at start of year 4,400 -
Amounts advanced 3,100 4,400
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,500 4,400

Remarkable Ventures Ltd (Registered number: 11756501)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M Shaw
Balance outstanding at start of year 4,400 -
Amounts advanced 3,200 4,400
Amounts repaid (3,457 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,143 4,400