Registered number
07916573
Venatour Limited
Unaudited Filleted Accounts
31 December 2023
Venatour Limited
Registered number: 07916573
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 4,013 5,600
Current assets
Stocks 6,926 8,702
Debtors 5 1,327,257 1,633,741
Cash at bank and in hand 272,002 262,426
1,606,185 1,904,869
Creditors: amounts falling due within one year 6 (2,052,311) (1,051,592)
Net current (liabilities)/assets (446,126) 853,277
Total assets less current liabilities (442,113) 858,877
Creditors: amounts falling due after more than one year 7 (189,697) (1,702,309)
Net liabilities (631,810) (843,432)
Capital and reserves
Called up share capital 365,004 365,004
Profit and loss account (996,814) (1,208,436)
Shareholders' funds (631,810) (843,432)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Strahan
Director
Approved by the board on 22 March 2024
Venatour Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 10
3 Intangible fixed assets £
Software development costs:
Cost
At 1 August 2022 8,415
At 31 December 2023 8,415
Amortisation
At 1 August 2022 8,415
At 31 December 2023 8,415
Net book value
At 31 December 2023 -
Software development costs are being written off in equal annual instalments over their estimated economic life of 3 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 26,965
At 31 December 2023 26,965
Depreciation
At 1 August 2022 21,365
Charge for the period 1,587
At 31 December 2023 22,952
Net book value
At 31 December 2023 4,013
At 31 July 2022 5,600
5 Debtors 2023 2022
£ £
Trade debtors 118,350 -
Amounts owed by group undertakings 223,396 157,096
Deferred tax asset 338,778 293,966
Other debtors 646,733 1,182,679
1,327,257 1,633,741
Included in other debtors is the sum of £508,423 (31 July 2022 - £1,035,081) in respect of supplier payments made in advance for departures post year-end.
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 105,263 105,263
Trade creditors 483,856 34,313
Taxation and social security costs 38,113 11,076
Other creditors 1,425,079 900,940
2,052,311 1,051,592
Included in other creditors is the sum of £1,376,090 (31 July 2022 - £2,222,447) in respect of sales cash received in advance of departures post period-end. In addition, of this sum of £1.376.090, an amount of £5,486 relates to tours departing after 1 January 2025, so more than 12 months after the balance sheet date.
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 140,351 289,474
Other creditors 49,346 1,412,835
189,697 1,702,309
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G Chilcott
Loan that is unsecured, interest free and with no fixed repayment date 42,584 - - 42,584
A Strahan
Loan that is unsecured, interest free and with no fixed repayment date 68,134 - - 68,134
110,718 - - 110,718
9 Related party transactions
Venatour Holdings Limited
The holding company of Venatour Limited
Loan amount due from Venatour Holdings Limited to the company at the balance sheet date amounted to £223,396 (31 July 2022 - £157,096). The loan is unsecured, interest free and with no fixed repayment date.

Headband Limited
A company wholly owned by a director of the company, G J Chilcott.
Consultancy fees paid to Headband Ltd by the company in the 17 month period amounted to £50,500 (7 month period to 31July 2022 - £21,000).

E Strahan
Spouse of one of the directors of the company, A Strahan.
Administration fees paid to E Strahan by the company in the 17 month period amounted to £33,340 (7 month period to 31 July 2022 - £12,352).

Key management personal compensation
Total remuneration of directors in the 17 month period, including salaries and benefits, amounted to £125,517 (7 month period to 31 July 2022 - £48,313).
10 Controlling party
The immediate holding company is Venatour Holdings Limited, a company registered in the UK, following its acquisition of the entire issued share capital of the company in the year.

In the opinion of the directors, there is no ultimate controlling party.
11 Other information
Venatour Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor, Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
Venatour Limited 07916573 false 2022-08-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 A Strahan No description of principal activity 07916573 2022-01-01 2022-07-31 07916573 core:WithinOneYear 2022-07-31 07916573 core:AfterOneYear 2022-07-31 07916573 core:ShareCapital 2022-07-31 07916573 core:RetainedEarningsAccumulatedLosses 2022-07-31 07916573 2022-08-01 2023-12-31 07916573 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-12-31 07916573 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-12-31 07916573 bus:Director40 2022-08-01 2023-12-31 07916573 1 2022-08-01 2023-12-31 07916573 2 2022-08-01 2023-12-31 07916573 core:PlantMachinery 2022-08-01 2023-12-31 07916573 bus:Director1 2022-08-01 2023-12-31 07916573 bus:Director1 1 2022-08-01 2023-12-31 07916573 bus:Director2 2022-08-01 2023-12-31 07916573 bus:Director2 1 2022-08-01 2023-12-31 07916573 countries:England 2022-08-01 2023-12-31 07916573 bus:FRS102 2022-08-01 2023-12-31 07916573 bus:FilletedAccounts 2022-08-01 2023-12-31 07916573 2023-12-31 07916573 core:WithinOneYear 2023-12-31 07916573 core:AfterOneYear 2023-12-31 07916573 core:ShareCapital 2023-12-31 07916573 core:RetainedEarningsAccumulatedLosses 2023-12-31 07916573 core:Goodwill 2023-12-31 07916573 core:PlantMachinery 2023-12-31 07916573 bus:Director1 1 2023-12-31 07916573 bus:Director2 1 2023-12-31 07916573 2022-07-31 07916573 core:Goodwill 2022-07-31 07916573 core:PlantMachinery 2022-07-31 07916573 bus:Director1 1 2022-07-31 07916573 bus:Director2 1 2022-07-31 iso4217:GBP xbrli:pure