Company registration number 07487955 (England and Wales)
PIONEER VENTURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
PIONEER VENTURES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PIONEER VENTURES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
-
0
204
Creditors: amounts falling due within one year
3
(14,903)
(14,579)
Net current liabilities
(14,903)
(14,375)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(15,903)
(15,375)
Total equity
(14,903)
(14,375)

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 October 2024
D Dewshi
Director
Company registration number 07487955 (England and Wales)
PIONEER VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Pioneer Ventures Limited is a private company limited by shares incorporated in England and Wales. The registered office is 39 Shaldon Close, Rise Park, Nottingham, Nottinghamshire, NG5 5EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Despite the company having net liabilities at the year end and generating a loss for the year, the financial statements have been prepared on a going concern basis on the grounds that the company will continue to have the support of the director for at least 12 months following the date the financial statements are approved.true

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
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 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 cash and bank balances, are initially measured at transaction price. 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. Financial liabilities classified as payable within one year are not amortised.

PIONEER VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.5

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
14,903
14,579
2024-01-312023-02-01true31 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityD Dewshifalsefalse074879552023-02-012024-01-31074879552024-01-31074879552023-01-3107487955core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3107487955core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3107487955core:ShareCapital2024-01-3107487955core:ShareCapital2023-01-3107487955core:RetainedEarningsAccumulatedLosses2024-01-3107487955core:RetainedEarningsAccumulatedLosses2023-01-3107487955bus:Director12023-02-012024-01-31074879552022-02-012023-01-3107487955core:CurrentFinancialInstruments2024-01-3107487955core:CurrentFinancialInstruments2023-01-3107487955bus:EntityNoLongerTradingButTradedInPast2023-02-012024-01-3107487955bus:PrivateLimitedCompanyLtd2023-02-012024-01-3107487955bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107487955bus:FRS1022023-02-012024-01-3107487955bus:AuditExemptWithAccountantsReport2023-02-012024-01-3107487955bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP