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REGISTERED NUMBER: 07022325 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE VENUE (LEICESTER) LTD

THE VENUE (LEICESTER) LTD (REGISTERED NUMBER: 07022325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE VENUE (LEICESTER) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr I Ahmed
Mr A Mahomed





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 07022325 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

THE VENUE (LEICESTER) LTD (REGISTERED NUMBER: 07022325)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,566 15,380

CURRENT ASSETS
Debtors 5 80,108 80,381
Cash at bank 151,506 82,513
231,614 162,894
CREDITORS
Amounts falling due within one year 6 236,455 165,205
NET CURRENT LIABILITIES (4,841 ) (2,311 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,725 13,069

CREDITORS
Amounts falling due after more than one
year

7

287,795

295,280
NET LIABILITIES (279,070 ) (282,211 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (279,170 ) (282,311 )
(279,070 ) (282,211 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 16 December 2024 and were signed on its behalf by:



Mr A Mahomed - Director


THE VENUE (LEICESTER) LTD (REGISTERED NUMBER: 07022325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

The Venue (Leicester) Ltd 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.

Going Concern
The financial statements have been prepared on a going concern basis as the directors do not envisage withdrawing their support and believe the company will have sufficient funds available to enable it to continue trading for at least one year from signing the balance sheet.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 10% on cost
Fixtures and fittings - 15% on reducing balance
Office equipment - 33% on reducing balance

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 2 (2023 - 2 ) .

THE VENUE (LEICESTER) LTD (REGISTERED NUMBER: 07022325)

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


4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property and Office
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 678,904 117,065 13,065 809,034
Additions - 780 - 780
At 31 August 2024 678,904 117,845 13,065 809,814
DEPRECIATION
At 1 September 2023 677,358 103,586 12,710 793,654
Charge for year 387 2,090 117 2,594
At 31 August 2024 677,745 105,676 12,827 796,248
NET BOOK VALUE
At 31 August 2024 1,159 12,169 238 13,566
At 31 August 2023 1,546 13,479 355 15,380

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,632 64,426
Other debtors 10,476 15,955
80,108 80,381

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 179,037 104,356
Taxation and social security 401 2,657
Other creditors 57,017 58,192
236,455 165,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 287,795 295,280

8. RELATED PARTY DISCLOSURES

Included within other creditors falling due after more than one year is a loan from a relative of one of the shareholders of £75,000 (2023 - £75,000) and also loans from the directors of £183,131 (2023- £190,616). These loans are made interest free and all parties have given assurances that the funds will not be demanded from the company for the foreseeable future.