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REGISTERED NUMBER: 00660542











Financial Statements

for the Year Ended 30 April 2023

for

VENABLES & SONS LIMITED

VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VENABLES & SONS LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs G L Venables
Mr D G Venables





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 00660542





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 700,000 678,950

CURRENT ASSETS
Cash at bank 221,627 243,874

CREDITORS
Amounts falling due within one year 5 172,934 141,928
NET CURRENT ASSETS 48,693 101,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,693

780,896

PROVISIONS FOR LIABILITIES 6 7,777 3,777
NET ASSETS 740,916 777,119

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 33,154 16,104
Retained earnings 707,662 760,915
740,916 777,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 18 January 2024 and were signed on its behalf by:



Mr D G Venables - Director


VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Venables & Sons Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.

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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 May 2022 678,950
Revaluations 21,050
At 30 April 2023 700,000
NET BOOK VALUE
At 30 April 2023 700,000
At 30 April 2022 678,950

VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2023 is represented by:

Freehold
property
£   
Valuation in 2021 19,881
Valuation in 2023 21,050
Cost 659,069
700,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Tax 6,055 8,073
Other creditors 87,000 43,500
Directors' current accounts 78,439 88,915
Accruals and deferred income 1,440 1,440
172,934 141,928

6. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 7,777 3,777

Deferred
tax
£   
Balance at 1 May 2022 3,777
Provided during year 4,000
Balance at 30 April 2023 7,777

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 30.4.22 30.4.21
249 A Ordinary 10p 24.90 24.90
500 B Ordinary 10p 50.00 50.00
1 C Ordinary 10p 0.10 0.10
1 D Ordinary 10p 0.10 0.10
1 E Ordinary 10p 0.10 0.10
248 F Ordinary 10p 24.80 24.80
1,000.00 1,000.00

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £78,439 (2022: £88,915), due and payable to the director. The amount is interest free and repayable on demand.