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REGISTERED NUMBER: 05269308 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

VENUE SERVICES LTD.

VENUE SERVICES LTD. (REGISTERED NUMBER: 05269308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENUE SERVICES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: C Watson





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 05269308 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

VENUE SERVICES LTD. (REGISTERED NUMBER: 05269308)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,000
Tangible assets 5 450,063 65,685
451,063 66,685

CURRENT ASSETS
Debtors 6 219,063 220,448
Cash at bank 182,341 351,632
401,404 572,080
CREDITORS
Amounts falling due within one year 7 124,751 150,062
NET CURRENT ASSETS 276,653 422,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

727,716

488,703

CREDITORS
Amounts falling due after more than one
year

8

(174,587

)

(28,333

)

PROVISIONS FOR LIABILITIES (13,128 ) (11,680 )
NET ASSETS 540,001 448,690

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 539,901 448,590
SHAREHOLDERS' FUNDS 540,001 448,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

VENUE SERVICES LTD. (REGISTERED NUMBER: 05269308)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





C Watson - Director


VENUE SERVICES LTD. (REGISTERED NUMBER: 05269308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Venue Services Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over 10 years
Motor vehicles - 25% on cost
Equipment - 25% on cost

Freehold property additions have not been depreciated due to the nature of the asset.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VENUE SERVICES LTD. (REGISTERED NUMBER: 05269308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Personalised
number
plate
£   
COST
At 1 December 2022
and 30 November 2023 1,000
NET BOOK VALUE
At 30 November 2023 1,000
At 30 November 2022 1,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor
property property vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 - 8,427 111,099 55,181 174,707
Additions 397,553 - 15,348 647 413,548
Disposals - (8,427 ) - - (8,427 )
At 30 November 2023 397,553 - 126,447 55,828 579,828
DEPRECIATION
At 1 December 2022 - 4,215 56,582 48,225 109,022
Charge for year - - 22,010 2,948 24,958
Eliminated on disposal - (4,215 ) - - (4,215 )
At 30 November 2023 - - 78,592 51,173 129,765
NET BOOK VALUE
At 30 November 2023 397,553 - 47,855 4,655 450,063
At 30 November 2022 - 4,212 54,517 6,956 65,685

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 216,034 192,787
Other debtors 3,029 27,661
219,063 220,448

VENUE SERVICES LTD. (REGISTERED NUMBER: 05269308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,500 10,000
Trade creditors 8,057 38,733
Taxation and social security 95,176 97,247
Other creditors 3,018 4,082
124,751 150,062

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 174,587 28,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 122,253 -

9. SECURED DEBTS

A fixed charge over the company's property - Units A, B and C 299 High Street, Cottenham Cambridge, CB24 8TX - is held by NatWest Bank Plc in respect of the loan facility, dated 24th March 2023.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2022 - £59,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is C Watson.