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REGISTERED NUMBER: 13504208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

VENTUM OFFSHORE LTD

VENTUM OFFSHORE LTD (REGISTERED NUMBER: 13504208)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

VENTUM OFFSHORE LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs V Walberg





REGISTERED OFFICE: 4 Prospect Road
Birkenhead
CH42 8LF





REGISTERED NUMBER: 13504208 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

VENTUM OFFSHORE LTD (REGISTERED NUMBER: 13504208)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,200 4,000

CURRENT ASSETS
Debtors 5 20,216 18,550
Cash at bank 52,274 13,566
72,490 32,116
CREDITORS
Amounts falling due within one year 6 14,950 8,890
NET CURRENT ASSETS 57,540 23,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,740

27,226

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 60,738 27,224
SHAREHOLDERS' FUNDS 60,740 27,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:





Mrs V Walberg - Director


VENTUM OFFSHORE LTD (REGISTERED NUMBER: 13504208)

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

1. STATUTORY INFORMATION

Ventum Offshore 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.

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 etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

VENTUM OFFSHORE LTD (REGISTERED NUMBER: 13504208)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 5,000
DEPRECIATION
At 1 August 2022 1,000
Charge for year 800
At 31 July 2023 1,800
NET BOOK VALUE
At 31 July 2023 3,200
At 31 July 2022 4,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 8,100 17,550
Other debtors 12,116 1,000
20,216 18,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 12,350 5,096
Other creditors 2,600 3,794
14,950 8,890

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary Shares 1 2 2

8. RESERVES
Retained
earnings
£   

At 1 August 2022 27,224
Profit for the year 33,514
At 31 July 2023 60,738

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Including in other debtors is an amount of £12,116 (2022; £1,194 debtor) owed from Mrs V Walberg in respect of their director's loan account.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ventum Offshore Ltd (Registered number: 13504208)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ventum Offshore Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ventum Offshore Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ventum Offshore Ltd and state those matters that we have agreed to state to the director of Ventum Offshore Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ventum Offshore Ltd and its director for our work or for this report.

It is your duty to ensure that Ventum Offshore Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ventum Offshore Ltd. You consider that Ventum Offshore Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ventum Offshore Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................