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REGISTERED NUMBER: 10817340 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Ventura Homes Limited

Ventura Homes Limited (Registered number: 10817340)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ventura Homes Limited

Company Information
for the year ended 30th June 2023







DIRECTORS: Mr C Capitan Bialowas
Mr A Williamson





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 10817340 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Ventura Homes Limited (Registered number: 10817340)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,199 8,908

CURRENT ASSETS
Stocks 442,562 263,960
Debtors 5 13,081 29,146
Cash at bank 4,270 450
459,913 293,556
CREDITORS
Amounts falling due within one year 6 487,477 306,032
NET CURRENT LIABILITIES (27,564 ) (12,476 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,365

)

(3,568

)

CREDITORS
Amounts falling due after more than one
year

7

243,865

252,567
NET LIABILITIES (264,230 ) (256,135 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (264,330 ) (256,235 )
SHAREHOLDERS' FUNDS (264,230 ) (256,135 )

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

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

Ventura Homes Limited (Registered number: 10817340)

Balance Sheet - continued
30th June 2023


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 23rd February 2024 and were signed on its behalf by:





Mr C Capitan Bialowas - Director


Ventura Homes Limited (Registered number: 10817340)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

Ventura Homes 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.

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 - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ventura Homes Limited (Registered number: 10817340)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

2. ACCOUNTING POLICIES - continued

Going concern
In March 2020, the UK entered into a nationwide lockdown as a result of the global pandemic COVID-19 and many companies have experienced trading difficulties as a result.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the financial support of Ventura Consultancy Limited For this reason, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022 14,570
Additions 145
At 30th June 2023 14,715
DEPRECIATION
At 1st July 2022 5,662
Charge for year 1,854
At 30th June 2023 7,516
NET BOOK VALUE
At 30th June 2023 7,199
At 30th June 2022 8,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,905 646
Other debtors 11,176 28,500
13,081 29,146

Ventura Homes Limited (Registered number: 10817340)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 37,750 4,869
Taxation and social security 5,042 35,553
Other creditors 434,685 255,610
487,477 306,032

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,865 37,567
Other creditors 210,000 215,000
243,865 252,567

No security has been provided over the bank loan.

8. RELATED PARTY DISCLOSURES

Mr C Capitan-Bialowas is also a director and controlling shareholder of Ventura Consultancy Limited. As at 30 June 2023 the company owed £406,870 to Ventura Consultancy Limited in the form of a loan (2022 - £230,615), no interest has been charged (2022 - nil).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Capitan Bialowas.