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REGISTERED NUMBER: 11246490 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

ACVENTURE LIMITED

ACVENTURE LIMITED (REGISTERED NUMBER: 11246490)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACVENTURE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023







DIRECTORS: Mr A Dakin
Mr C J W Stace





REGISTERED OFFICE: 9 Orchard Drive
Littlestone
New Romney
Kent
TN28 8SE





REGISTERED NUMBER: 11246490 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ACVENTURE LIMITED (REGISTERED NUMBER: 11246490)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 2,078,134 1,563,853
2,078,234 1,563,953

CURRENT ASSETS
Debtors 6 396,570 226,690
Cash at bank 42,481 49,157
439,051 275,847
CREDITORS
Amounts falling due within one year 7 1,128,556 1,048,442
NET CURRENT LIABILITIES (689,505 ) (772,595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,388,729

791,358

CREDITORS
Amounts falling due after more than one
year

8

1,387,669

763,635
NET ASSETS 1,060 27,723

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 560 27,223
SHAREHOLDERS' FUNDS 1,060 27,723

ACVENTURE LIMITED (REGISTERED NUMBER: 11246490)

STATEMENT OF FINANCIAL POSITION - continued
30 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





Mr C J W Stace - Director


ACVENTURE LIMITED (REGISTERED NUMBER: 11246490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


1. STATUTORY INFORMATION

Acventure 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 April 2022
and 30 March 2023 100
Net book value
At 30 March 2023 100
At 31 March 2022 100

ACVENTURE LIMITED (REGISTERED NUMBER: 11246490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022 1,563,853
Additions 514,281
At 30 March 2023 2,078,134
Net book value
At 30 March 2023 2,078,134
At 31 March 2022 1,563,853

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 396,570 226,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 311,126
Trade creditors 5,152 -
Amounts owed to associates 740,950 -
Taxation and social security - 4,527
Other creditors 372,454 732,789
1,128,556 1,048,442

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 1,387,669 763,635

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,347,669 723,635

ACVENTURE LIMITED (REGISTERED NUMBER: 11246490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023


9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other Loans - 301,126
10,000 311,126

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,000 30,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,347,669 723,635

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
250 A Ordinary £1 250 250
50 B Ordinary £1 50 50
100 C Ordinary £1 100 100
100 D Ordinary £1 100 100
500 500