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REGISTERED NUMBER: 04612095 (England and Wales)















Ventura Law Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Ventura Law Limited (Registered number: 04612095)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ventura Law Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr H Batra
Mrs S Batra



REGISTERED OFFICE: St Mary's Court
The Broadway
Amersham
Bucks
HP7 0UT



REGISTERED NUMBER: 04612095 (England and Wales)



ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG



BANKERS: HSBC
133 Regent Street
London
W1B 4HX

Ventura Law Limited (Registered number: 04612095)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,081 4,906
5,081 4,906

CURRENT ASSETS
Work in progress 68,500 65,000
Debtors 6 443,359 387,057
Cash at bank 818,540 713,265
1,330,399 1,165,322
CREDITORS
Amounts falling due within one year 7 1,111,771 897,271
NET CURRENT ASSETS 218,628 268,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,709

272,957

CREDITORS
Amounts falling due after more than one
year

8

(220,367

)

(269,667

)

PROVISIONS FOR LIABILITIES (965 ) (932 )
NET ASSETS 2,377 2,358

Ventura Law Limited (Registered number: 04612095)

Balance Sheet - continued
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,277 2,258
SHAREHOLDERS' FUNDS 2,377 2,358

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 16 October 2024 and were signed on its behalf by:




Mr H Batra - Director



Mrs S Batra - Director


Ventura Law Limited (Registered number: 04612095)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ventura Law 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

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

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.


Ventura Law Limited (Registered number: 04612095)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 9,000
AMORTISATION
At 1 February 2023
and 31 January 2024 9,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Ventura Law Limited (Registered number: 04612095)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 29,928
Additions 1,869
At 31 January 2024 31,797
DEPRECIATION
At 1 February 2023 25,022
Charge for year 1,694
At 31 January 2024 26,716
NET BOOK VALUE
At 31 January 2024 5,081
At 31 January 2023 4,906

6. DEBTORS
31/1/24 31/1/23
£    £   
Amounts falling due within one year:
Trade debtors 390,546 381,057
Other debtors 41,000 6,000
431,546 387,057

Amounts falling due after more than one year:
Other debtors 11,813 -

Aggregate amounts 443,359 387,057

Other debtors includes £35,000 (2023- £0) owed by the directors on which the company charges interest of 2.5% per annum.

Ventura Law Limited (Registered number: 04612095)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 42,546 -
Trade creditors 818,540 703,121
Taxation and social security 235,065 189,109
Other creditors 15,620 5,041
1,111,771 897,271

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/24 31/1/23
£    £   
Other creditors 220,367 269,667