Company Registration No. 07044664 (England and Wales)
Ventella Estates Ltd
Unaudited accounts
for the year ended 31 October 2023
Ventella Estates Ltd
Unaudited accounts
Contents
Ventella Estates Ltd
Company Information
for the year ended 31 October 2023
Director
Mr Chayim Perlman
Company Number
07044664 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Ventella Estates Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
1,926,542
1,764,906
Cash at bank and in hand
2,434
49,890
Creditors: amounts falling due within one year
(527,653)
(534,698)
Net current assets
112,393
5,851
Total assets less current liabilities
2,038,935
1,770,757
Creditors: amounts falling due after more than one year
(1,959,949)
(1,665,498)
Called up share capital
100
100
Profit and loss account
78,886
105,159
Shareholders' funds
78,986
105,259
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr Chayim Perlman
Director
Company Registration No. 07044664
Ventella Estates Ltd
Notes to the Accounts
for the year ended 31 October 2023
Ventella Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07044664. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
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Tangible fixed assets
Land & buildings
At 1 November 2022
1,764,906
At 31 October 2023
1,926,542
At 31 October 2023
1,926,542
At 31 October 2022
1,764,906
Ventella Estates Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Other debtors
637,612
490,659
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,655
13,030
Other creditors
521,008
521,008
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,959,949
1,665,498
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Mr C.Pearlman holds 100% of the company's issued share capital.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).