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REGISTERED NUMBER: 07285638 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Derwent Venue Limited

Derwent Venue Limited (Registered number: 07285638)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Derwent Venue Limited

Company Information
for the year ended 31 December 2023







Director: S J Heslop





Registered office: Unit 1 Park Farm Industrial Units
Longstone Lane
Bakewell
Derbyshire
DE45 1NH





Registered number: 07285638 (England and Wales)





Accountants: Chris Edwards
Chartered Accountants
Clamarpen 17 Napier Court
Gander Lane
Barlborough
Chesterfield
Derbyshire
S43 4PZ

Derwent Venue Limited (Registered number: 07285638)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 5,187 8,224
Tangible assets 5 93,113 48,232
Investments 6 50,000 50,000
148,300 106,456

Current assets
Stocks 3,202 1,228
Debtors 7 1,561,575 844,139
Cash at bank 928,853 1,384,674
2,493,630 2,230,041
Creditors
Amounts falling due within one year 8 1,943,141 1,693,581
Net current assets 550,489 536,460
Total assets less current liabilities 698,789 642,916

Provisions for liabilities 16,466 5,776
Net assets 682,323 637,140

Capital and reserves
Called up share capital 1,111 1,111
Retained earnings 681,212 636,029
682,323 637,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 25 September 2024 and were signed by:




S J Heslop - Director


Derwent Venue Limited (Registered number: 07285638)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Derwent Venue 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 41 (2022 - 38 ) .

Derwent Venue Limited (Registered number: 07285638)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 January 2023
and 31 December 2023 12,147
Amortisation
At 1 January 2023 3,923
Charge for year 3,037
At 31 December 2023 6,960
Net book value
At 31 December 2023 5,187
At 31 December 2022 8,224

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 2,310 32,364 54,658 22,741 112,073
Additions - 5,119 63,320 1,498 69,937
At 31 December 2023 2,310 37,483 117,978 24,239 182,010
Depreciation
At 1 January 2023 - 15,425 39,766 8,650 63,841
Charge for year - 3,818 18,229 3,009 25,056
At 31 December 2023 - 19,243 57,995 11,659 88,897
Net book value
At 31 December 2023 2,310 18,240 59,983 12,580 93,113
At 31 December 2022 2,310 16,939 14,892 14,091 48,232

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 January 2023
and 31 December 2023 50,000
Net book value
At 31 December 2023 50,000
At 31 December 2022 50,000

Derwent Venue Limited (Registered number: 07285638)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 79,729 33,469
Amounts owed by group undertakings 1,217,076 558,595
Other debtors 264,770 252,075
1,561,575 844,139

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,357,554 1,404,271
Amounts owed to group undertakings 244,814 106,536
Taxation and social security 58,204 78,335
Other creditors 282,569 104,439
1,943,141 1,693,581