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REGISTERED NUMBER: 09919314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VENGROVE REAL ESTATE INVESTMENT LIMITED

VENGROVE REAL ESTATE INVESTMENT LIMITED (REGISTERED NUMBER: 09919314)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


VENGROVE REAL ESTATE INVESTMENT LIMITED (REGISTERED NUMBER: 09919314)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 155 155
NET CURRENT ASSETS 155 155
TOTAL ASSETS LESS CURRENT
LIABILITIES

157

157

CAPITAL AND RESERVES
Called up share capital 6 700,100 700,100
Retained earnings (699,943 ) (699,943 )
SHAREHOLDERS' FUNDS 157 157

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





R W H Taylor - Director


VENGROVE REAL ESTATE INVESTMENT LIMITED (REGISTERED NUMBER: 09919314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Vengrove Real Estate Investment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09919314

Registered office: 3rd Floor
3-5 Rathbone Place
London
W1T 1HJ

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.

Preparation of consolidated financial statements
The financial statements contain information about Vengrove Real Estate Investment Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less provision for any permanent diminution in value.

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.


VENGROVE REAL ESTATE INVESTMENT LIMITED (REGISTERED NUMBER: 09919314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Going concern
These accounts have been prepared on the going concern basis. The director is confident that for a period of at least 12 months, the company will be able to meet it's obligations as they fall due for payment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

VEN2 Limited
Registered office: United Kingdom
Nature of business: Buying and selling real estate.
%
Class of shares: holding
Ordinary A 100.00
2023 2022
£    £   
Aggregate capital and reserves 684,567 1,479,005
Loss for the year (794,438 ) (313,158 )

VENGROVE REAL ESTATE INVESTMENT LIMITED (REGISTERED NUMBER: 09919314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

VEN4 Limited
Registered office: United Kingdom
Nature of business: Buying and selling real estate.
%
Class of shares: holding
Ordinary A 100.00
2023 2022
£    £   
Aggregate capital and reserves 3,187,507 3,255,195
Loss for the year (67,688 ) (71,237 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 155 155

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
700,100 Ordinary £1 700,100 700,100

7. CONTINGENT LIABILITIES

The company has granted charges over the investments in its subsidiary companies in respect of the monies that each of the subsidiary companies has borrowed. At 31 December 2023, the total amount of the borrowings by the subsidiary companies was £1,601,796 (2022: £3,120,663). The subsidiary companies borrowings are also secured on the properties that they own, which at 31 December 2023 were included in the respective accounts for £5,226,595 (2022: £7,686,169).

8. RELATED PARTY DISCLOSURES

At the 31 December 2023, the company was owed £155 (2022: £155) from Penswick Investments Limited, a company of which R Taylor is a director.

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Penswick Investments Limited and the company's ultimate controlling party is R Taylor, company director.