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REGISTERED NUMBER: 13827566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SHERET VENTURES LIMITED

SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHERET VENTURES LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTOR: A Sheret





REGISTERED OFFICE: c/o BAND
111 Charterhouse Street
London
EC1M 6AW





REGISTERED NUMBER: 13827566 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12,750 -

CURRENT ASSETS
Cash and cash equivalents 281,472 185,514

CREDITORS
Amounts falling due within one year 5 4,716 1,380
NET CURRENT ASSETS 276,756 184,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,506

184,134

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 289,505 184,133
289,506 184,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





A Sheret - Director


SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Sheret 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.

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.

SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments

Recognition and measurement

The Company enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors and loans from banks.

Debt instruments (other than those wholly repayable or receivable within one year), including
loans and account receivables and payables, are initially measured at the transaction price
(adjusted for transaction cost) and subsequently at amortised cost using the effective interest
method. Debt instruments that are payable or receivable within one year, typically trade debtors
and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash
or other consideration expected to be paid or received. However, if the arrangement constitutes
a financing transaction, such as a trade debtor or creditor on extended credit terms, initial
measurement is at the present value of future cash flows discounted at a market rate of interest.
Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If such evidence is identified, an impairment
loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the
difference between carrying amount and the present value of estimated cash flows discounted
at the original effective interest rate. If the financial instrument has a variable interest rate the
currently effective rate under the contract is used.

For financial assets measured at cost less impairment, the impairment loss is measured
as the difference between an asset’s carrying amount and best estimate of the recoverable
amount, which is an approximation of the amount that the Company would receive for the
asset if it were to be sold at the reporting date. Financial assets and liabilities are offset, and
the net amount reported in the statement of financial position when there is an enforceable
right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability simultaneously. At present, the Company has not
offset any items.

Derecognition

A financial asset is derecognised only when:

- the contractual rights to the cash flows from the financial asset expire or are settled; or

- substantially all of the risks and rewards of ownership of the financial asset have been
transferred to another party; or

- when despite having retained some, but not substantially all, risks and rewards of
ownership, control of the asset has been transferred to another party and the other
party has the practical ability to sell the asset in its entirety to an unrelated third
party and is able to exercise that ability unilaterally and without needing to impose
additional restrictions on the transfer. In this case, the Company derecognises the asset
and recognises separately any rights and obligations retained or created in the transfer.

A financial liability is derecognised when the contract that gives rise to it is settled,

SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
sold, cancelled, or expires. Where an existing financial liability is replaced by another from
the same lender on substantially different terms, or the terms of an existing liability are
substantially modified, such as an exchange or modification, this is treated as a derecognition
of the original liability, such that the difference in the respective carrying amounts together
with any costs or fees incurred are recognised in profit or loss.

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 six months from the date of acquisition and that
are readily convertible to known amounts of cash with insignificant risk of change in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 12,750
At 31 January 2024 12,750
NET BOOK VALUE
At 31 January 2024 12,750

SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,679 -
Taxation and social security 1,057 -
Other creditors 1,980 1,380
4,716 1,380