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Company No: 13216477 (England and Wales)

VENSTER PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

VENSTER PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

VENSTER PROPERTY LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
VENSTER PROPERTY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTOR R Miller
SECRETARY T Miller
REGISTERED OFFICE 22 Wycombe End
Beaconsfield
HP9 1NB
United Kingdom
COMPANY NUMBER 13216477 (England and Wales)
ACCOUNTANT Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
VENSTER PROPERTY LIMITED

BALANCE SHEET

As at 29 February 2024
VENSTER PROPERTY LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 750 1,120
Investments 4 50 50
800 1,170
Creditors: amounts falling due within one year 5 ( 15,260) ( 11,975)
Net current liabilities (15,260) (11,975)
Total assets less current liabilities (14,460) (10,805)
Net liabilities ( 14,460) ( 10,805)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 14,560 ) ( 10,905 )
Total shareholders' deficit ( 14,460) ( 10,805)

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Venster Property Limited (registered number: 13216477) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

R Miller
Director
VENSTER PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
VENSTER PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Venster Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Venster Property Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 1,606 1,606
At 29 February 2024 1,606 1,606
Accumulated depreciation
At 01 March 2023 486 486
Charge for the financial year 370 370
At 29 February 2024 856 856
Net book value
At 29 February 2024 750 750
At 28 February 2023 1,120 1,120

4. Fixed asset investments

2024 2023
£ £
Participating interests 50 50

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 513 0
Other creditors 14,747 11,975
15,260 11,975

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
49 Ordinary B shares of £ 1.00 each 49 49
1 Ordinary C share of £ 1.00 1 1
100 100