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REGISTERED NUMBER: 02127294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

VENUESORT LIMITED

VENUESORT LIMITED (REGISTERED NUMBER: 02127294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENUESORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr R K Patel
Mrs L R Patel





SECRETARY: Mr R K Patel





REGISTERED OFFICE: 55 Broughton Avenue
Finchley
London
N3 3EN





REGISTERED NUMBER: 02127294 (England and Wales)






VENUESORT LIMITED (REGISTERED NUMBER: 02127294)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 378 459
Investment property 5 565,000 565,000
565,378 565,459

CURRENT ASSETS
Debtors 6 1,371 -
Cash at bank 135,662 151,699
137,033 151,699
CREDITORS
Amounts falling due within one year 7 4,000 4,080
NET CURRENT ASSETS 133,033 147,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,411

713,078

CREDITORS
Amounts falling due after more than one year 8 (427,798 ) (436,857 )

PROVISIONS FOR LIABILITIES (30,850 ) (30,850 )
NET ASSETS 239,763 245,371

CAPITAL AND RESERVES
Called up share capital 10 30,000 30,000
Fair value reserve 375,060 375,060
Retained earnings (165,297 ) (159,689 )
SHAREHOLDERS' FUNDS 239,763 245,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VENUESORT LIMITED (REGISTERED NUMBER: 02127294)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:





Mr R K Patel - Director


VENUESORT LIMITED (REGISTERED NUMBER: 02127294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Venuesort 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment properties are revalued annually at their open market value in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.

No depreciation is provided on investment properties. In the opinion of the directors, these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of the Financial Reporting Standard for Smaller Entities (effective January 2015) in respect of investment properties have therefore been adopted in order to give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

VENUESORT LIMITED (REGISTERED NUMBER: 02127294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 14,416
DEPRECIATION
At 1st April 2023 13,957
Charge for year 81
At 31st March 2024 14,038
NET BOOK VALUE
At 31st March 2024 378
At 31st March 2023 459

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 565,000
NET BOOK VALUE
At 31st March 2024 565,000
At 31st March 2023 565,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2014 190,720
Valuation in 2017 100,000
Valuation in 2021 50,000
Valuation in 2023 15,000
Cost 209,280
565,000

The investment property was valued by the directors at their market values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,371 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 200
Other creditors 4,000 3,880
4,000 4,080

VENUESORT LIMITED (REGISTERED NUMBER: 02127294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 380,000 380,365
Other creditors 47,798 56,492
427,798 436,857

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 47,798 56,492

Repayable by instalments
Bank loans more 5 yr by instal 380,000 380,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 380,000 380,365

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary shares £1 30,000 30,000

11. RELATED PARTY DISCLOSURES

As at the the year end, total loan balances payable to related parties amount to £47,798 (2023: £56,492).

12. ULTIMATE CONTROLLING PARTY

The company was controlled by the directors throughout the current and previous period.