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Registered number: 12763273
Suburbia Venue Ltd
Unaudited Financial Statements
For the Period 1 August 2022 to 31 January 2024
Naylor Accountancy Services Ltd
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12763273
31 January 2024 31 July 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 6,543
Debtors 5 4,565 183
Cash at bank and in hand 183 533
4,748 7,259
Creditors: Amounts Falling Due Within One Year 6 (35,472 ) (19,702 )
NET CURRENT ASSETS (LIABILITIES) (30,724 ) (12,443 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,724 ) (12,443 )
NET LIABILITIES (30,724 ) (12,443 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (30,824 ) (12,543 )
SHAREHOLDERS' FUNDS (30,724) (12,443)
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Michael Goncalves
Director
31st July 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
Suburbia Venue Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12763273 . The registered office is 25 Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 2FS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These  financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are preapred in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is  recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
2.3. Stocks and Work in Progress
Stocks are stated at the lower of cost and etimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments'  and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.
Financial instruments are recognisedin te company's balance sheet when the company becomes party to the contractual provisions of the insturment.
Financial assets and liabilities are offset, with the net amounts peresented in the financial statements, when there is a legally 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. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.6. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.7. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
4. Stocks
31 January 2024 31 July 2022
£ £
Finished goods - 6,543
Page 2
Page 3
5. Debtors
31 January 2024 31 July 2022
£ £
Due within one year
Other debtors 4,565 183
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 July 2022
£ £
Trade creditors 926 -
Other creditors 25,751 19,702
Taxation and social security 8,795 -
35,472 19,702
7. Share Capital
31 January 2024 31 July 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3