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REGISTERED NUMBER: 06714258 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VENTUREPORT LIMITED

VENTUREPORT LIMITED (REGISTERED NUMBER: 06714258)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


VENTUREPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Pattison





SECRETARY: K Lewis





REGISTERED OFFICE: Unit A, 64 Hundred
Severn Drive
Tewkesbury Business Park
Tewkesbury
Gloucestershire
GL20 8SF





REGISTERED NUMBER: 06714258 (England and Wales)





AUDITOR: Andorran Limited (Statutory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

VENTUREPORT LIMITED (REGISTERED NUMBER: 06714258)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investments 4 2,297,808 2,297,808

CURRENT ASSETS
Cash at bank 675,211 662,741

CREDITORS
Amounts falling due within one year (352,388 ) (425,019 )
NET CURRENT ASSETS 322,823 237,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,620,631

2,535,530

CAPITAL AND RESERVES
Called up share capital 5 80 80
Share premium 499,900 499,900
Capital redemption reserve 20 20
Retained earnings 2,120,631 2,035,530
SHAREHOLDERS' FUNDS 2,620,631 2,535,530

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 Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





J Pattison - Director


VENTUREPORT LIMITED (REGISTERED NUMBER: 06714258)

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

1. STATUTORY INFORMATION

Ventureport 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Ventureport Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 2,297,808
NET BOOK VALUE
At 31 December 2023 2,297,808
At 31 December 2022 2,297,808

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
80 Ordinary £1 £1 80 80

VENTUREPORT LIMITED (REGISTERED NUMBER: 06714258)

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

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Roger Downes FCA (Senior Statutory Auditor)
for and on behalf of Andorran Limited (Statutory Auditor)

7. OTHER FINANCIAL COMMITMENTS

The company is party to a cross guarantee given to the bankers of its subsidiary company, MecWash Systems Limited, in respect of facilities advanced by the bank to that subsidiary.

8. RELATED PARTY DISCLOSURES

MecWash Systems Limited
Wholly owned subsidiary
During the year a dividend of £225,000 (2022: £250,000) was received from MecWash Systems Limited.

At the end of the year the company owed £350,019 (2022: £423,526) to MecWash Systems Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Pattison.