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REGISTERED NUMBER: 12100295 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 15 May 2023

for

Venture Holdings (Southwest) Ltd

Venture Holdings (Southwest) Ltd (Registered number: 12100295)






Contents of the Financial Statements
for the Period 1 January 2023 to 15 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Venture Holdings (Southwest) Ltd

Company Information
for the Period 1 January 2023 to 15 May 2023







DIRECTOR: Mrs N Horwood





REGISTERED OFFICE: 1st Floor North
3636367 Anchor Court
Keen Road
Cardiff
CF24 5JW





REGISTERED NUMBER: 12100295 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Venture Holdings (Southwest) Ltd (Registered number: 12100295)

Balance Sheet
15 May 2023

15.5.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 98,792 507,049

CURRENT ASSETS
Debtors 5 450,000 30,081
Cash at bank 3,389,119 362,870
3,839,119 392,951
CREDITORS
Amounts falling due within one year 6 6,428 51,800
NET CURRENT ASSETS 3,832,691 341,151
TOTAL ASSETS LESS CURRENT LIABILITIES 3,931,483 848,200

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 3,931,383 848,100
3,931,483 848,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 15 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 15 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 March 2024 and were signed by:




Mrs N Horwood - Director


Venture Holdings (Southwest) Ltd (Registered number: 12100295)

Notes to the Financial Statements
for the Period 1 January 2023 to 15 May 2023

1. STATUTORY INFORMATION

Venture Holdings (Southwest) Ltd 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Venture Holdings (Southwest) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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 period was NIL (2022 - NIL).

Venture Holdings (Southwest) Ltd (Registered number: 12100295)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 15 May 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2023 507,049
Disposals (380,299 )
Revaluations (27,958 )
At 15 May 2023 98,792
NET BOOK VALUE
At 15 May 2023 98,792
At 31 December 2022 507,049

Cost or valuation at 15 May 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 (27,958 )
Cost 126,750
98,792

The investment in Venture Trading Ltd was reduced from cost of £126,750 to a valuation of £98,792 based on management accounts prepared as at 15 May 2023. The value of the balance sheet of Venture Trading Ltd reflected a large bad debt provision reducing the value of the remaining debts. The director believes the final value to be collected by Venture Trading Ltd will exceed £98,792, but this prudent valuation was used for these purposes.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.5.23 31.12.22
£    £   
Amounts owed by group undertakings - 28,708
Other debtors 450,000 1,373
450,000 30,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15.5.23 31.12.22
£    £   
Taxation and social security 3,028 -
Other creditors 3,400 51,800
6,428 51,800

Venture Holdings (Southwest) Ltd (Registered number: 12100295)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 15 May 2023

7. RELATED PARTY DISCLOSURES

Venture Holdings (Southwest) Ltd is due £nil from Venture Trading Ltd. (2022 - £28,708).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs N Horwood.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Venture Holdings (Southwest) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Venture Holdings (Southwest) Ltd for the period ended 15 May 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Venture Holdings (Southwest) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Venture Holdings (Southwest) Ltd and state those matters that we have agreed to state to the director of Venture Holdings (Southwest) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Venture Holdings (Southwest) Ltd and its director for our work or for this report.

It is your duty to ensure that Venture Holdings (Southwest) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Venture Holdings (Southwest) Ltd. You consider that Venture Holdings (Southwest) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Venture Holdings (Southwest) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


28 March 2024