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REGISTERED NUMBER: 10676383 (England and Wales)


Aloha Ventures Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Aloha Ventures Limited (Registered number: 10676383)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Aloha Ventures Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr K Abdurrahmanoglu





REGISTERED OFFICE: 2 Eliot Gardens
London
SW15 5NB





REGISTERED NUMBER: 10676383 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Aloha Ventures Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aloha Ventures Limited for the year ended 31 March 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aloha Ventures Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aloha Ventures Limited and state those matters that we have agreed to state to the director of Aloha Ventures Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aloha Ventures Limited and its director for our work or for this report.

It is your duty to ensure that Aloha Ventures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aloha Ventures Limited. You consider that Aloha Ventures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aloha Ventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


26 September 2024

Aloha Ventures Limited (Registered number: 10676383)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,625 2,167

CURRENT ASSETS
Debtors 5 89,995 111,248
Cash at bank and in hand 46,692 35,566
136,687 146,814
CREDITORS
Amounts falling due within one year 6 73,565 111,886
NET CURRENT ASSETS 63,122 34,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,747

37,095

CREDITORS
Amounts falling due after more than one
year

7

(62,562

)

(35,242

)

PROVISIONS FOR LIABILITIES 9 (309 ) (412 )
NET ASSETS 1,876 1,441

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 876 441
SHAREHOLDERS' FUNDS 1,876 1,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Aloha Ventures Limited (Registered number: 10676383)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Mr K Abdurrahmanoglu - Director


Aloha Ventures Limited (Registered number: 10676383)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Aloha Ventures 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.

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

Turnover is derived from the ordinary trading activities of the business and is recognised when client obtain the right to consideration.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Aloha Ventures Limited (Registered number: 10676383)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 255 4,587 4,842
DEPRECIATION
At 1 April 2023 64 2,611 2,675
Charge for year 48 494 542
At 31 March 2024 112 3,105 3,217
NET BOOK VALUE
At 31 March 2024 143 1,482 1,625
At 31 March 2023 191 1,976 2,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,327 83,638
Directors' current accounts 61,501 27,211
s455 tax recoverable 20,757 -
VAT 410 399
89,995 111,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 34,604 12,630
Trade creditors 16,931 27,506
Tax 16,524 68,560
Social security and other taxes 2,646 630
Accrued expenses 2,860 2,560
73,565 111,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 62,562 35,242

Aloha Ventures Limited (Registered number: 10676383)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,726

8. LOANS

Bounce back loan

The loan is 100% government -backed funding. No repayments is required for first 12 months.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 309 412

Deferred
tax
£   
Balance at 1 April 2023 412
Credit to Statement of Income and Retained Earnings during year (103 )
Balance at 31 March 2024 309

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 April 2023 441
Profit for the year 29,435
Dividends (29,000 )
At 31 March 2024 876

Aloha Ventures Limited (Registered number: 10676383)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr K Abdurrahmanoglu
Balance outstanding at start of year 27,211 -
Amounts advanced 37,513 27,211
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,724 27,211

13. RELATED PARTY DISCLOSURES

Included within debtors are amounts due from the key management personnel of £64,724.Included within creditors are amounts due to the key management personnel of Nil (2023:£(27,211)) at balance sheet date. No interest was charged on this balance and no set repayment terms are in place.

Also, during the year, company paid rent of £3,600 (2023:£3,600) to key management personnel for use of home as an office.