Acorah Software Products - Accounts Production 14.5.601 false true true 31 March 2023 1 April 2022 false 1 April 2023 30 June 2024 30 June 2024 11667291 Mr Alan Max Vey Gabi Ventures Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11667291 2023-03-31 11667291 2024-06-30 11667291 2023-04-01 2024-06-30 11667291 frs-core:CurrentFinancialInstruments 2024-06-30 11667291 frs-core:ShareCapital 2024-06-30 11667291 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11667291 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 11667291 frs-bus:FilletedAccounts 2023-04-01 2024-06-30 11667291 frs-bus:SmallEntities 2023-04-01 2024-06-30 11667291 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 11667291 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 11667291 frs-bus:Director1 2023-04-01 2024-06-30 11667291 frs-bus:Director2 2023-04-01 2024-06-30 11667291 frs-countries:EnglandWales 2023-04-01 2024-06-30 11667291 2022-03-31 11667291 2023-03-31 11667291 2022-04-01 2023-03-31 11667291 frs-core:CurrentFinancialInstruments 2023-03-31 11667291 frs-core:ShareCapital 2023-03-31 11667291 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11667291
Aventures Holdings Limited
Financial Statements
For the Period 1 April 2023 to 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11667291
30 June 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 831 1,756
Cash at bank and in hand - 754,220
831 755,976
Creditors: Amounts Falling Due Within One Year 5 - (750,626 )
NET CURRENT ASSETS (LIABILITIES) 831 5,350
TOTAL ASSETS LESS CURRENT LIABILITIES 831 5,350
NET ASSETS 831 5,350
CAPITAL AND RESERVES
Called up share capital 6 400 400
Profit and Loss Account 431 4,950
SHAREHOLDERS' FUNDS 831 5,350
For the period ending 30 June 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alan Max Vey
Director
31/07/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Aventures Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11667291 . The registered office is 36 Scotts Road, Bromley, England, BR1 3QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents income receivable in respect of work performed under normal business operations and recognised by the company on a receivable basis. The work performed in respect of the income receivable in the year has been approved by the client, which is a not-for-profit entity.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows 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 arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is
measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 objective evidence of impairment is found, 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 an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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 balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Agency arrangements
The company acts on behalf of The Aventus Protocol Foundation (Jersey) in holding their funds under a Bare Trust Agreement, and distributing such funds as instructed by the Aventus Protocol Foundation. These funds are not reflected in the profit and loss account of the company as the company does not have control over the application of these funds. An amount of £20k (2023: £0.7m) in respect of such funds is included in other creditors at the balance sheet date.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Debtors
30 June 2024 31 March 2023
£ £
Due within one year
VAT 431 1,356
Directors' loan accounts 400 400
831 1,756
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 March 2023
£ £
Trade creditors - 1,660
Other creditors - 748,966
- 750,626
6. Share Capital
30 June 2024 31 March 2023
£ £
Allotted, Called up and fully paid 400 400
Page 3