Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31false2022-08-01No description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04845975 2022-08-01 2023-07-31 04845975 2021-08-01 2022-07-31 04845975 2023-07-31 04845975 2022-07-31 04845975 c:Director1 2022-08-01 2023-07-31 04845975 d:MotorVehicles 2022-08-01 2023-07-31 04845975 d:MotorVehicles 2023-07-31 04845975 d:MotorVehicles 2022-07-31 04845975 d:CurrentFinancialInstruments 2023-07-31 04845975 d:CurrentFinancialInstruments 2022-07-31 04845975 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04845975 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 04845975 d:ShareCapital 2023-07-31 04845975 d:ShareCapital 2022-07-31 04845975 d:RetainedEarningsAccumulatedLosses 2023-07-31 04845975 d:RetainedEarningsAccumulatedLosses 2022-07-31 04845975 c:FRS102 2022-08-01 2023-07-31 04845975 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04845975 c:FullAccounts 2022-08-01 2023-07-31 04845975 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04845975 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 04845975









VENTURE MAX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
VENTURE MAX LIMITED
REGISTERED NUMBER: 04845975

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,226
44,301

Investments
  
3
3

  
33,229
44,304

Current assets
  

Debtors: amounts falling due within one year
 6 
1,603,158
1,557,158

Cash at bank and in hand
 7 
7,745
26,021

  
1,610,903
1,583,179

Creditors: amounts falling due within one year
 8 
(1,701,961)
(1,671,961)

Net current liabilities
  
 
 
(91,058)
 
 
(88,782)

Total assets less current liabilities
  
(57,829)
(44,478)

  

Net liabilities
  
(57,829)
(44,478)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(57,830)
(44,479)

  
(57,829)
(44,478)


Page 1

 
VENTURE MAX LIMITED
REGISTERED NUMBER: 04845975
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




A Shamash
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Venture Max Limited is a private company, limited by shares and incorporated in England and Wales
(registered number 04845975). 
The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is
dependent on the shareholders for financial support. As at 31 July 2023, the shareholders have
confirmed that they will provide adequate finance to enable the company to continue in operational
existence. Therefore, the directors consider it appropriate to prepare the financial statements on the
going concern basis

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 2).

Page 4

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 August 2022
47,280



At 31 July 2023

47,280



Depreciation


At 1 August 2022
2,979


Disposals
11,075



At 31 July 2023

14,054



Net book value



At 31 July 2023
33,226



At 31 July 2022
44,301


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 August 2022
3



At 31 July 2023
3





6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,603,158
1,557,158

1,603,158
1,557,158

Page 5

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.Debtors (continued)



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,745
26,021

7,745
26,021



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,700,461
1,670,461

Accruals and deferred income
1,500
1,500

1,701,961
1,671,961


 
Page 6