1 July 2023 false No description of principal activity Taxfiler 2024.5 10803915business:PrivateLimitedCompanyLtd2023-07-012024-06-30 108039152023-06-30 108039152023-07-012024-06-30 10803915business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 10803915business:FilletedAccounts2023-07-012024-06-30 108039152024-06-30 10803915business:Director12023-07-012024-06-30 10803915business:Director22023-07-012024-06-30 10803915business:RegisteredOffice2023-07-012024-06-30 108039152023-06-30 10803915core:WithinOneYear2024-06-30 10803915core:WithinOneYear2023-06-30 10803915core:AfterOneYear2024-06-30 10803915core:AfterOneYear2023-06-30 10803915core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10803915core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10803915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10803915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10803915core:PreviouslyStatedAmount2024-06-30 10803915core:PreviouslyStatedAmount2023-06-30 10803915business:SmallEntities2023-07-012024-06-30 10803915countries:EnglandWales2023-07-012024-06-30 10803915core:PlantMachinery2023-07-012024-06-30 10803915core:MotorVehicles2023-07-012024-06-30 10803915core:FurnitureFittings2023-07-012024-06-30 10803915core:ComputerEquipment2023-07-012024-06-30 10803915core:OtherPropertyPlantEquipment2023-07-012024-06-30 10803915core:IntangibleAssetsOtherThanGoodwill2023-06-30 10803915core:IntangibleAssetsOtherThanGoodwill2024-06-30 10803915core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30 10803915core:PlantMachinery2023-06-30 10803915core:MotorVehicles2023-06-30 10803915core:FurnitureFittings2023-06-30 10803915core:ComputerEquipment2023-06-30 10803915core:PlantMachinery2024-06-30 10803915core:MotorVehicles2024-06-30 10803915core:FurnitureFittings2024-06-30 10803915core:ComputerEquipment2024-06-30 10803915core:AdditionsToInvestments2024-06-30 10803915core:RevaluationsIncreaseDecreaseInInvestments2024-06-30 108039152022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10803915 (England and Wales)
VENTURE FITNESS LIMITED Unaudited accounts for the year ended 30 June 2024
VENTURE FITNESS LIMITED Unaudited accounts Contents
Page
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VENTURE FITNESS LIMITED Company Information for the year ended 30 June 2024
Directors
Amritpal Singh SANDHU Arundeep Kaur Rai SANDHU
Company Number
10803915 (England and Wales)
Registered Office
TU MI GOLD CUP LANE ASCOT SL5 8NP UNITED KINGDOM
Accountants
PRIME ACCOUNTANTS 10 LOCKWOOD HOUSE LOCKWOOD PARK HUDDERSFIELD HD4 6EN
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VENTURE FITNESS LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,891 
33,485 
Tangible assets
176,180 
222,132 
Investments
2,067,260 
- 
2,271,331 
255,617 
Current assets
Debtors
61,657 
136,288 
Cash at bank and in hand
103,824 
48,380 
165,481 
184,668 
Creditors: amounts falling due within one year
(226,170)
(313,502)
Net current liabilities
(60,689)
(128,834)
Total assets less current liabilities
2,210,642 
126,783 
Creditors: amounts falling due after more than one year
(13,426)
(121,239)
Provisions for liabilities
Deferred tax
(516,814)
- 
Net assets
1,680,402 
5,544 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
1,680,396 
5,538 
Shareholders' funds
1,680,402 
5,544 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by
Amritpal Singh SANDHU Director Company Registration No. 10803915
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VENTURE FITNESS LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
VENTURE FITNESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10803915. The registered office is TU MI, GOLD CUP LANE, ASCOT, SL5 8NP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
55,947 
At 30 June 2024
55,947 
Amortisation
At 1 July 2023
22,462 
Charge for the year
5,594 
At 30 June 2024
28,056 
Net book value
At 30 June 2024
27,891 
At 30 June 2023
33,485 
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VENTURE FITNESS LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
479,671 
48,757 
95,685 
3,767 
627,880 
Additions
4,212 
- 
11,631 
- 
15,843 
At 30 June 2024
483,883 
48,757 
107,316 
3,767 
643,723 
Depreciation
At 1 July 2023
304,762 
31,641 
67,472 
1,873 
405,748 
Charge for the year
44,164 
9,752 
7,405 
474 
61,795 
At 30 June 2024
348,926 
41,393 
74,877 
2,347 
467,543 
Net book value
At 30 June 2024
134,957 
7,364 
32,439 
1,420 
176,180 
At 30 June 2023
174,909 
17,116 
28,213 
1,894 
222,132 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
- 
Additions
3 
Fair value adjustments
2,067,257 
Valuation at 30 June 2024
2,067,260 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,350 
- 
Amounts due from group undertakings etc.
- 
79,794 
Accrued income and prepayments
6,307 
2,494 
Other debtors
27,000 
- 
34,657 
82,288 
Amounts falling due after more than one year
Other debtors
27,000 
54,000 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,054 
100,117 
VAT
16,543 
15,757 
Obligations under finance leases and hire purchase contracts
53,908 
50,347 
Trade creditors
11,792 
- 
Amounts owed to group undertakings and other participating interests
10,000 
- 
Taxes and social security
54,827 
47,237 
Other creditors
1,374 
1,999 
Loans from directors
68,672 
98,045 
226,170 
313,502 
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VENTURE FITNESS LIMITED Notes to the Accounts for the year ended 30 June 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
26,635 
Obligations under finance leases and hire purchase contracts
13,426 
94,604 
13,426 
121,239 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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