Registered number
11875835
Getty Venture Capital Ltd
Filleted Abridged Accounts
31 March 2024
Getty Venture Capital Ltd
Registered number: 11875835
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,195 1,792
Investments 4 747,623 341,266
748,818 343,058
Current assets
Debtors 17,919 17,919
Cash at bank and in hand 591 1,448
18,510 19,367
Creditors: amounts falling due within one year (780) (29,600)
Net current assets/(liabilities) 17,730 (10,233)
Total assets less current liabilities 766,548 332,825
Creditors: amounts falling due after more than one year (529,000) (500,000)
Provisions for liabilities (58,850) -
Net assets/(liabilities) 178,698 (167,175)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 249,444 (158,099)
Profit and loss account (70,846) (9,176)
Shareholders' funds 178,698 (167,175)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr I Knezovich
Director
Approved by the board on 28 November 2024
Getty Venture Capital Ltd
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment etc over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Total
£
Cost
At 1 April 2023 2,389
At 31 March 2024 2,389
Depreciation
At 1 April 2023 597
Charge for the year 597
At 31 March 2024 1,194
Net book value
At 31 March 2024 1,195
At 31 March 2023 1,792
4 Investments
Other
investments
£
Cost
At 1 April 2023 341,266
Revaluation 406,357
At 31 March 2024 747,623
5 Revaluation reserve 2024 2023
£ £
At 1 April 2023 (158,099) 8,184
Gain/(loss) on revaluation of land and buildings 407,543 (166,283)
At 31 March 2024 249,444 (158,099)
6 Other information
Getty Venture Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Ocean House
Sea Road
Carlyon Bay
St. Austell
PL25 3FX
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