No Time Ventures Limited 03782610 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of an equestrian centre. However problems with planning have resulted in no income Digita Accounts Production Advanced 6.30.9574.0 true 03782610 2022-07-01 2023-06-30 03782610 2023-06-30 03782610 bus:OrdinaryShareClass1 2023-06-30 03782610 core:RetainedEarningsAccumulatedLosses 2023-06-30 03782610 core:ShareCapital 2023-06-30 03782610 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03782610 core:LandBuildings 2023-06-30 03782610 core:OtherPropertyPlantEquipment 2023-06-30 03782610 bus:SmallEntities 2022-07-01 2023-06-30 03782610 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 03782610 bus:FullAccounts 2022-07-01 2023-06-30 03782610 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 03782610 bus:RegisteredOffice 2022-07-01 2023-06-30 03782610 bus:Director1 2022-07-01 2023-06-30 03782610 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 03782610 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03782610 core:Buildings 2022-07-01 2023-06-30 03782610 core:Land 2022-07-01 2023-06-30 03782610 core:LandBuildings 2022-07-01 2023-06-30 03782610 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 03782610 core:PlantMachinery 2022-07-01 2023-06-30 03782610 countries:England 2022-07-01 2023-06-30 03782610 2022-06-30 03782610 core:LandBuildings 2022-06-30 03782610 core:OtherPropertyPlantEquipment 2022-06-30 03782610 2021-07-01 2022-06-30 03782610 2022-06-30 03782610 bus:OrdinaryShareClass1 2022-06-30 03782610 core:RetainedEarningsAccumulatedLosses 2022-06-30 03782610 core:ShareCapital 2022-06-30 03782610 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 03782610 core:LandBuildings 2022-06-30 03782610 core:OtherPropertyPlantEquipment 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03782610

No Time Ventures Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

No Time Ventures Limited

(Registration number: 03782610)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

64,744

64,801

Creditors: Amounts falling due within one year

5

(13,530)

(13,181)

Net assets

 

51,214

51,620

Capital and reserves

 

Called up share capital

6

111,000

111,000

Retained earnings

(59,786)

(59,380)

Shareholders' funds

 

51,214

51,620

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 January 2024
 


T J A Norton
Director

 

No Time Ventures Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Woodlands
9A London Road
Uppingham
Rutland
LE15 9TJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land

No depreciation

Buildings

5% straight line basis

Plant and machinery

15% reducing balance

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

No Time Ventures Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

106,772

1,703

108,475

At 30 June 2023

106,772

1,703

108,475

Depreciation

At 1 July 2022

42,199

1,475

43,674

Charge for the year

-

57

57

At 30 June 2023

42,199

1,532

43,731

Carrying amount

At 30 June 2023

64,573

171

64,744

At 30 June 2022

64,573

228

64,801

Included within the net book value of land and buildings above is £64,573 (2022 - £64,573) in respect of freehold land and buildings.
 

 

No Time Ventures Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

13,248

12,899

Other creditors

 

282

282

 

13,530

13,181

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

111,000

111,000

111,000

111,000