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Company Registration No. 10812266 (England and Wales)
Venture Propertyz Ltd Unaudited accounts for the year ended 30 June 2024
Venture Propertyz Ltd Unaudited accounts Contents
Page
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Venture Propertyz Ltd Company Information for the year ended 30 June 2024
Director
Mohamed Zahid Farooq Shakur
Company Number
10812266 (England and Wales)
Registered Office
27 Old Gloucester Street London WC1N 3AX United Kingdom
Accountants
Genius Accountancy Ltd 27 Old Gloucester Street London WC1N 3AX
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Venture Propertyz Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,971 
14,863 
Investment property
1,475,000 
1,475,000 
1,488,971 
1,489,863 
Current assets
Cash at bank and in hand
41 
6,621 
Creditors: amounts falling due within one year
(372,497)
(382,241)
Net current liabilities
(372,456)
(375,620)
Total assets less current liabilities
1,116,515 
1,114,243 
Creditors: amounts falling due after more than one year
(909,100)
(909,100)
Provisions for liabilities
Deferred tax
(33,812)
(33,812)
Net assets
173,603 
171,331 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
- 
138,497 
Fair value reserve
138,497 
- 
Profit and loss account
35,006 
32,734 
Shareholders' funds
173,603 
171,331 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Mohamed Zahid Farooq Shakur Director Company Registration No. 10812266
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Venture Propertyz Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Venture Propertyz Ltd is a private company, limited by shares, registered in England and Wales, registration number 10812266. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Land and building amounting recorded as fair market value. Depreciation has been provided using the reducing balance method, which allocates costs based on the diminishing book value of assets over their useful lives:
Plant & machinery
6%
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Venture Propertyz Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
22,676 
At 30 June 2024
22,676 
Depreciation
At 1 July 2023
7,813 
Charge for the year
892 
At 30 June 2024
8,705 
Net book value
At 30 June 2024
13,971 
At 30 June 2023
14,863 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
1,475,000 
At 30 June 2024
1,475,000 
Reclassification: Accumulated revaluation gain of £147,309 was classified in the profit and loss statement. This has now been reclassified from profit and loss account to other comprehensive income in the year 2023. Accumulated deferred tax of £29,062 has been reclassified from deferred tax expense to other comprehensive income.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
754 
2,224 
Loans from directors
371,743 
380,017 
372,497 
382,241 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
909,100 
909,100 
As of the year end, the following amounts were reclassified from the profit and loss statement and balance sheet in comparative year: iA total amount of £34,514 has been reclassified from interest on finance leases and HP to interest on bank loans and overdrafts in the profit and loss statement. A total amount of £909,100 has been reclassified from finance lease and HP contracts to bank loans.
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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