Registered number
12179616
Venatour Holdings Limited
Unaudited Filleted Accounts
31 December 2023
Venatour Holdings Limited
Registered number: 12179616
Balance Sheet
as at 31 December 2023
Notes 31.12.2023 31.07.2022
£ £
Fixed assets
Investments 3 431,945 431,945
Current assets
Debtors 4 34,331 25,819
Cash at bank and in hand 6,296 9,320
40,627 35,139
Creditors: amounts falling due within one year 5 (268,243) (199,015)
Net current liabilities (227,616) (163,876)
Total assets less current liabilities 204,329 268,069
Creditors: amounts falling due after more than one year 6 (3,577) (67,317)
Net assets 200,752 200,752
Capital and reserves
Profit and loss account 200,752 200,752
Shareholders' funds 200,752 200,752
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Strahan
Director
Approved by the board on 22 March 2024
Venatour Holdings Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2022 431,945
At 31 December 2023 431,945
4 Debtors 31.12.2023 31.07.2022
£ £
Other debtors 34,331 25,819
5 Creditors: amounts falling due within one year 31.12.2023 31.07.2022
£ £
Bank loans and overdrafts 42,927 40,000
Other creditors 225,316 159,015
268,243 199,015
6 Creditors: amounts falling due after one year 31.12.2023 31.07.2022
£ £
Bank loans 3,577 67,317
7 Loans 31.12.2023 31.07.2022
£ £
Creditors include:
Secured bank loans 46,504 107,317
The bank loan is secured by a charge in favour of National Westminster Bank Plc, created on 13 September 2019 and registered at Companies House on 20 September 2019.
8 Related party transactions
Venatour Ltd
The wholly owned subsidiary company
Loan made from Venatour Ltd to the company amounting to £223,396 (31.7.2022 - £157,096), which is unsecured, interest free and with no fixed repayment date.
9 Controlling party
In the opinion of the directors, there is no ultimate controlling party.
10 Other information
Venatour Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor, Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
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