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REGISTERED NUMBER: 13195061 (England and Wales)















Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Axe Ventures Limited

Axe Ventures Limited (Registered number: 13195061)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Axe Ventures Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: E J Axelrad





REGISTERED OFFICE: Bank Farm
Carlton
Nuneaton
Warwickshire
CV13 0BU





REGISTERED NUMBER: 13195061 (England and Wales)






Axe Ventures Limited (Registered number: 13195061)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 246,784 246,784

CURRENT ASSETS
Debtors 5 4,000,000 3,350,797
Cash at bank 650 4,556
4,000,650 3,355,353
CREDITORS
Amounts falling due within one year 6 4,307,723 3,661,748
NET CURRENT LIABILITIES (307,073 ) (306,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,289

)

(59,611

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (60,389 ) (59,711 )
SHAREHOLDERS' FUNDS (60,289 ) (59,611 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 June 2024 and were signed by:



E J Axelrad - Director


Axe Ventures Limited (Registered number: 13195061)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Axe Ventures 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 246,784
NET BOOK VALUE
At 29 February 2024 246,784
At 28 February 2023 246,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 797
Amounts owed by group undertakings 4,000,000 3,250,000
Other debtors - 100,000
4,000,000 3,350,797

Axe Ventures Limited (Registered number: 13195061)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 13 -
Directors' current account 4,306,900 3,660,900
Accruals and deferred income 810 848
4,307,723 3,661,748

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. RELATED PARTY DISCLOSURES

At the period end, included in debtors is a loan to a subsidiary company of £4,000,000 (2023 - £3,250,000). The loan is interest free and repayable on demand.

9. GOING CONCERN

The company relies on the continuing support of its director. The director has agreed to continue to support the company for the foreseeable future as necessary.