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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
Page
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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
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Ventella Estates Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,926,542 
1,764,906 
Current assets
Debtors
637,612 
490,659 
Cash at bank and in hand
2,434 
49,890 
640,046 
540,549 
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)
Net assets
78,986 
105,259 
Capital and reserves
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
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Ventella Estates Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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.
Turnover
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.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,764,906 
Additions
161,636 
At 31 October 2023
1,926,542 
Depreciation
At 31 October 2023
- 
Net book value
At 31 October 2023
1,926,542 
At 31 October 2022
1,764,906 
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Ventella Estates Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
637,612 
490,659 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
660 
330 
Taxes and social security
5,655 
13,030 
Other creditors
521,008 
521,008 
Accruals
330 
330 
527,653 
534,698 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,959,949 
1,665,498 
8
Share capital
2023 
2022 
£ 
£ 
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).
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