Ventura Capital Limited NI684018 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of holding investments. Digita Accounts Production Advanced 6.30.9574.0 true false NI684018 2022-12-01 2023-11-30 NI684018 2023-11-30 NI684018 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI684018 core:RevaluationReserve 2023-11-30 NI684018 core:ShareCapital 2023-11-30 NI684018 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-11-30 NI684018 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI684018 core:Non-currentFinancialInstruments 2023-11-30 NI684018 bus:SmallEntities 2022-12-01 2023-11-30 NI684018 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI684018 bus:FullAccounts 2022-12-01 2023-11-30 NI684018 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI684018 bus:RegisteredOffice 2022-12-01 2023-11-30 NI684018 bus:Director1 2022-12-01 2023-11-30 NI684018 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI684018 core:OtherRelatedParties 2022-12-01 2023-11-30 NI684018 countries:NorthernIreland 2022-12-01 2023-11-30 NI684018 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 NI684018 2021-11-24 2022-11-30 NI684018 2022-11-30 NI684018 core:RetainedEarningsAccumulatedLosses 2022-11-30 NI684018 core:RevaluationReserve 2022-11-30 NI684018 core:ShareCapital 2022-11-30 NI684018 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 NI684018 core:Non-currentFinancialInstruments 2022-11-30 iso4217:GBP xbrli:pure

Registration number: NI684018

Ventura Capital Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Ventura Capital Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Ventura Capital Limited

(Registration number: NI684018)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

580,693

-

Investments

4

11,976

11,976

Other financial assets

5

430,123

199,575

 

1,022,792

211,551

Current assets

 

Cash at bank and in hand

 

8,691

15,216

Creditors: Amounts falling due within one year

(718,224)

(128,175)

Net current liabilities

 

(709,533)

(112,959)

Net assets

 

313,259

98,592

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

8,208

1,265

Profit and loss account

305,050

97,326

Total equity

 

313,259

98,592

For the financial year ending 30 November 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 27 August 2024
 

Mr S Murray

Director

 

Ventura Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
33 Malone Meadows
Belfast
Northern Ireland
BT9 5BG

These financial statements were authorised for issue by the director on 27 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Ventura Capital Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

4

Investments

Total
£

Cost or valuation

At 1 December 2022

11,976

Provision

Carrying amount

At 30 November 2023

11,976

At 30 November 2022

11,976

2023
£

2022
£

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 December 2022

199,575

199,575

Fair value adjustments

6,929

6,929

Additions

224,488

224,488

Disposals

(869)

(869)

At 30 November 2023

430,123

430,123

Carrying amount

At 30 November 2023

430,123

430,123

6

Related party transactions

Summary of transactions with other related parties

Included within other creditors is a loan from Braemar Enterprises Limited for £705,000 (2022 - £115,000) which is a related company under common control.