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NESS VENTURES PARTNERS LIMITED

Registered Number
SC647917
(Scotland)

Unaudited Financial Statements for the Period ended
17 October 2024

NESS VENTURES PARTNERS LIMITED
Company Information
for the period from 1 April 2024 to 17 October 2024

Directors

DALGARNO, Liam John
DALGARNO, Robert Alexander
DALGARNO, Sharon Louise
JOHNSON, Adrian Dudley

Company Secretary

DALGARNO, Denise Smith

Registered Address

40 Redwood Avenue Milton Of Leys
Inverness
IV2 6HA

Registered Number

SC647917 (Scotland)
NESS VENTURES PARTNERS LIMITED
Balance Sheet as at
17 October 2024

Notes

17 Oct 2024

31 Mar 2024

£

£

£

£

Current assets
Debtors174125,000
Cash at bank and on hand-10,757
174135,757
Creditors amounts falling due within one year3-(982,576)
Net current assets (liabilities)174(846,819)
Total assets less current liabilities174(846,819)
Creditors amounts falling due after one year4-(11,612)
Net assets174(858,431)
Capital and reserves
Called up share capital821821
Profit and loss account(647)(859,252)
Shareholders' funds174(858,431)
The financial statements were approved and authorised for issue by the Board of Directors on 24 October 2024, and are signed on its behalf by:
DALGARNO, Liam John
Director
DALGARNO, Sharon Louise
Director
JOHNSON, Adrian Dudley
Director

Registered Company No. SC647917
NESS VENTURES PARTNERS LIMITED
Notes to the Financial Statements
for the period ended 17 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242024
Average number of employees during the year44
3.Creditors: amounts due within one year

2024

2024

££
Bank borrowings and overdrafts-10,055
Amounts owed to related parties-929,220
Other creditors-42,681
Accrued liabilities and deferred income-620
Total-982,576
4.Creditors: amounts due after one year

2024

2024

££
Bank borrowings and overdrafts-11,612
Total-11,612