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REGISTERED NUMBER: 05840967 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ACTUM VENTURES LIMITED

ACTUM VENTURES LIMITED (REGISTERED NUMBER: 05840967)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ACTUM VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr S Papageorgiou





SECRETARY: RCFM Limited





REGISTERED OFFICE: Hartfield Place
40-44 High Street
Northwood
Middlesex
HA6 1BN





REGISTERED NUMBER: 05840967 (England and Wales)





ACCOUNTANTS: Robert Clow & Co
Chartered Accountants
Hartfield Place
40 - 44 High Street
Northwood
Middlesex
HA6 1BN

ACTUM VENTURES LIMITED (REGISTERED NUMBER: 05840967)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 12,769 14,550
Cash at bank 91,170 187,618
103,939 202,168
CREDITORS
Amounts falling due within one year 80,797 173,748
NET CURRENT ASSETS 23,142 28,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,142

28,420

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Retained earnings 5 22,142 27,420
SHAREHOLDERS' FUNDS 23,142 28,420

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:





Mr S Papageorgiou - Director


ACTUM VENTURES LIMITED (REGISTERED NUMBER: 05840967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Actum Ventures Limited 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

ACTUM VENTURES LIMITED (REGISTERED NUMBER: 05840967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. RESERVES
Retained
earnings
£   

At 1 November 2022 27,420
Profit for the year 34,722
Dividends (40,000 )
At 31 October 2023 22,142

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors £70,953 (2022: £138,767) owed to the director.

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2022 - £120,000) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Papageorgiou.