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REGISTERED NUMBER: SC381063 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VENAIR LIMITED

VENAIR LIMITED (REGISTERED NUMBER: SC381063)






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


VENAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M F Zamora





REGISTERED OFFICE: Unit 26 Dunfermline Business Centre
Izatt Avenue
Dunfermline
Scotland
KY11 3BZ





REGISTERED NUMBER: SC381063 (Scotland)





AUDITORS: Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

VENAIR LIMITED (REGISTERED NUMBER: SC381063)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 52,148 47,979
Debtors 5 118,237 62,035
Cash at bank 168,832 39,383
339,217 149,397
CREDITORS
Amounts falling due within one year 6 280,830 81,272
NET CURRENT ASSETS 58,387 68,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,387

68,125

CAPITAL AND RESERVES
Called up share capital 350,000 350,000
Retained earnings (291,613 ) (281,875 )
SHAREHOLDERS' FUNDS 58,387 68,125

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 10 September 2024 and were signed by:





M F Zamora - Director


VENAIR LIMITED (REGISTERED NUMBER: SC381063)

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

1. STATUTORY INFORMATION

Venair Limited is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost and 20% on cost

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 11,308
DEPRECIATION
At 1 January 2023
and 31 December 2023 11,308
NET BOOK VALUE
At 31 December 2023 -

VENAIR LIMITED (REGISTERED NUMBER: SC381063)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,305 51,281
Other debtors 10,932 10,754
118,237 62,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,066 932
Amounts owed to group undertakings 229,518 56,222
Taxation and social security 33,497 8,539
Other creditors 10,749 15,579
280,830 81,272

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,471 -
Between one and five years 854 36,850
10,325 36,850

A lease for the premises was agreed in November 2021 with a break at 24 March 2024.

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

The Report of the Auditors was unqualified.

PETER HOLLIS (Senior Statutory Auditor)
for and on behalf of Hollis and Co Limited

9. ULTIMATE CONTROLLING PARTY

The controlling party is VFM S.L., a company registered in Spain.

The ultimate controlling party is FAF S.L., a company registered in Spain.