Company Registration No. 05599120 (England and Wales)
Hybrid Ventures Ltd
Unaudited accounts
for the year ended 31 October 2024
Hybrid Ventures Ltd
Unaudited accounts
Contents
Hybrid Ventures Ltd
Company Information
for the year ended 31 October 2024
Directors
M P Bessent
S J Bessent
Company Number
05599120 (England and Wales)
Registered Office
43 Bryn Rhosog
Loughor
Swansea
West Glamorgan
SA4 6SH
Wales
Accountants
J L Taxation Services Ltd
42 Glanymor Park Drive
Loughor
Swansea
SA4 6UQ
Hybrid Ventures Ltd
Statement of financial position
as at 31 October 2024
Called up share capital not paid
(20)
(20)
Inventories
312,929
312,929
Cash at bank and in hand
367
423
Creditors: amounts falling due within one year
(654)
(553)
Net current assets
312,642
312,799
Total assets less current liabilities
312,622
312,779
Creditors: amounts falling due after more than one year
(354,439)
(341,573)
Net liabilities
(41,817)
(28,794)
Profit and loss account
(41,817)
(28,794)
Shareholders' funds
(41,817)
(28,794)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by
M P Bessent
Director
Company Registration No. 05599120
Hybrid Ventures Ltd
Notes to the Accounts
for the year ended 31 October 2024
Hybrid Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 05599120. The registered office is 43 Bryn Rhosog, Loughor, Swansea, West Glamorgan, SA4 6SH, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2024
2023
5
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
155,772
155,772
Loans from directors
198,667
185,801
6
Transactions with related parties
At the year end the directors of the company were owed the following amounts
M P Bessent £177,881 (2023 £177,881 )
S J Bessent £20,786 (2023 £ 7,920 )
The directors have indicated that they will continue to introduce funds into the company as necessary to enable the company to meet its financial obligations as and when they fall due
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).