IRIS Accounts Production v24.1.9.2 04255340 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042553402022-07-31042553402023-07-31042553402022-08-012023-07-31042553402021-07-31042553402021-08-012022-07-31042553402022-07-3104255340ns15:EnglandWales2022-08-012023-07-3104255340ns14:PoundSterling2022-08-012023-07-3104255340ns10:Director12022-08-012023-07-3104255340ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104255340ns10:SmallEntities2022-08-012023-07-3104255340ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3104255340ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104255340ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3104255340ns10:FullAccounts2022-08-012023-07-3104255340ns10:RegisteredOffice2022-08-012023-07-3104255340ns5:CurrentFinancialInstruments2023-07-3104255340ns5:CurrentFinancialInstruments2022-07-3104255340ns5:Non-currentFinancialInstruments2023-07-3104255340ns5:Non-currentFinancialInstruments2022-07-3104255340ns5:ShareCapital2023-07-3104255340ns5:ShareCapital2022-07-3104255340ns5:RetainedEarningsAccumulatedLosses2023-07-3104255340ns5:RetainedEarningsAccumulatedLosses2022-07-3104255340ns5:FurnitureFittings2022-08-012023-07-3104255340ns5:LandBuildings2022-07-3104255340ns5:FurnitureFittings2022-07-3104255340ns5:MotorVehicles2022-07-3104255340ns5:LandBuildings2022-08-012023-07-3104255340ns5:MotorVehicles2022-08-012023-07-3104255340ns5:LandBuildings2023-07-3104255340ns5:FurnitureFittings2023-07-3104255340ns5:MotorVehicles2023-07-3104255340ns5:LandBuildings2022-07-3104255340ns5:FurnitureFittings2022-07-3104255340ns5:MotorVehicles2022-07-3104255340ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3104255340ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3104255340ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3104255340ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3104255340ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3104255340ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-31
REGISTERED NUMBER: 04255340 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Nuneaton Ventures Limited

Nuneaton Ventures Limited (Registered number: 04255340)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nuneaton Ventures Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: B H Cook





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 04255340 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Nuneaton Ventures Limited (Registered number: 04255340)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,875 26,500
Investment property 5 627,481 677,481
647,356 703,981

CURRENT ASSETS
Debtors 6 9,000 315
Cash at bank 33,775 311
42,775 626
CREDITORS
Amounts falling due within one year 7 318,439 344,563
NET CURRENT LIABILITIES (275,664 ) (343,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,692

360,044

CREDITORS
Amounts falling due after more than one
year

8

(54,035

)

(65,938

)

PROVISIONS FOR LIABILITIES (3,783 ) (5,035 )
NET ASSETS 313,874 289,071

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 313,873 289,070
SHAREHOLDERS' FUNDS 313,874 289,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





B H Cook - Director


Nuneaton Ventures Limited (Registered number: 04255340)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Nuneaton Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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 year was NIL (2022 - NIL).

Nuneaton Ventures Limited (Registered number: 04255340)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 110,565 605 35,334 146,504
DEPRECIATION
At 1 August 2022 110,565 605 8,834 120,004
Charge for year - - 6,625 6,625
At 31 July 2023 110,565 605 15,459 126,629
NET BOOK VALUE
At 31 July 2023 - - 19,875 19,875
At 31 July 2022 - - 26,500 26,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 677,481
Disposals (100,000 )
Revaluations 50,000
At 31 July 2023 627,481
NET BOOK VALUE
At 31 July 2023 627,481
At 31 July 2022 677,481

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 50,000
Cost 577,481
627,481

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 9,000 -
Prepayments - 315
9,000 315

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 11,227 10,550
Tax 4,805 -
Loan account 301,789 333,238
Accruals and deferred income - 375
Accrued expenses 618 400
318,439 344,563

Nuneaton Ventures Limited (Registered number: 04255340)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank Loans 1-5 years 54,035 52,751
Bank loans more 5 yr by instal - 13,187
54,035 65,938

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,187