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REGISTERED NUMBER: 10542312 (England and Wales)








Financial Statements

For The Year Ended 31 March 2024

for

Ventro Holdings Ltd

Ventro Holdings Ltd (Registered number: 10542312)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ventro Holdings Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTORS: T H Melvin
R D Melvin
H D Melvin
E Besley





REGISTERED OFFICE: Aquilam House
7 Darklake View
Plymouth
Devon
PL6 7TL





REGISTERED NUMBER: 10542312 (England and Wales)





AUDITORS: Bromhead Ltd
Statutory Auditors
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Ventro Holdings Ltd (Registered number: 10542312)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354,216 360,094
Investments 5 300 300
354,516 360,394

CURRENT ASSETS
Debtors 6 797,711 468,798
Cash at bank 15,380 22,349
813,091 491,147
CREDITORS
Amounts falling due within one year 7 19,829 131,785
NET CURRENT ASSETS 793,262 359,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,778

719,756

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,147,478 719,456
1,147,778 719,756

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





H D Melvin - Director


Ventro Holdings Ltd (Registered number: 10542312)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ventro Holdings 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.

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.

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.

Tangible fixed assets
The building is recorded at cost less accumulated depreciation and depreciation is applied over its estimated useful economic life of 50 years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2023 - 3 ) .

Ventro Holdings Ltd (Registered number: 10542312)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 393,892
DEPRECIATION
At 1 April 2023 33,798
Charge for year 5,878
At 31 March 2024 39,676
NET BOOK VALUE
At 31 March 2024 354,216
At 31 March 2023 360,094

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 300
NET BOOK VALUE
At 31 March 2024 300
At 31 March 2023 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 10,000
Amounts owed by group undertakings 797,711 458,798
797,711 468,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings - 114,360
Taxation and social security 13,466 9,476
Other creditors 6,363 7,949
19,829 131,785

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Groves FCA (Senior Statutory Auditor)
for and on behalf of Bromhead Ltd

Ventro Holdings Ltd (Registered number: 10542312)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company, preparing the consolidated group accounts, is Aquilam Group Ltd. This company operates from the same address as Ventro Holdings Ltd and is the location where the group consolidated financial statements can be obtained.