Silverfin false false 31/07/2024 01/08/2023 31/07/2024 N Drion 28/07/2022 27 January 2025 no description of principal activity 14262190 2024-07-31 14262190 bus:Director1 2024-07-31 14262190 2023-07-31 14262190 core:CurrentFinancialInstruments 2024-07-31 14262190 core:CurrentFinancialInstruments 2023-07-31 14262190 core:ShareCapital 2024-07-31 14262190 core:ShareCapital 2023-07-31 14262190 core:RetainedEarningsAccumulatedLosses 2024-07-31 14262190 core:RetainedEarningsAccumulatedLosses 2023-07-31 14262190 core:CostValuation 2023-07-31 14262190 core:AdditionsToInvestments 2024-07-31 14262190 core:CostValuation 2024-07-31 14262190 2023-08-01 2024-07-31 14262190 bus:FilletedAccounts 2023-08-01 2024-07-31 14262190 bus:SmallEntities 2023-08-01 2024-07-31 14262190 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14262190 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14262190 bus:Director1 2023-08-01 2024-07-31 14262190 2022-07-28 2023-07-31 iso4217:GBP xbrli:pure

Company No: 14262190 (England and Wales)

SQUARED VENTURES LTD

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

SQUARED VENTURES LTD

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

SQUARED VENTURES LTD

COMPANY INFORMATION

For the financial year ended 31 July 2024
SQUARED VENTURES LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR N Drion
REGISTERED OFFICE Flat 2 33 Montagu Square
London
W1H 2LJ
United Kingdom
COMPANY NUMBER 14262190 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
SQUARED VENTURES LTD

BALANCE SHEET

As at 31 July 2024
SQUARED VENTURES LTD

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024 31.07.2023
£ £
Fixed assets
Investments 3 524,402 295,530
524,402 295,530
Current assets
Cash at bank and in hand 153,600 18,813
153,600 18,813
Creditors: amounts falling due within one year 4 ( 690,339) ( 312,895)
Net current liabilities (536,739) (294,082)
Total assets less current liabilities (12,337) 1,448
Net (liabilities)/assets ( 12,337) 1,448
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 12,437 ) 1,348
Total shareholder's (deficit)/funds ( 12,337) 1,448

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Squared Ventures Ltd (registered number: 14262190) were approved and authorised for issue by the Director on 27 January 2025. They were signed on its behalf by:

N Drion
Director
SQUARED VENTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
SQUARED VENTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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 period, unless otherwise stated.

General information and basis of accounting

Squared Ventures Ltd (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 Flat 2 33 Montagu Square, London, W1H 2LJ, 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 Squared Ventures Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

Year ended
31.07.2024
Period from
28.07.2022 to
31.07.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 August 2023 295,530 295,530
Additions 228,872 228,872
At 31 July 2024 524,402 524,402
Carrying value at 31 July 2024 524,402 524,402
Carrying value at 31 July 2023 295,530 295,530

4. Creditors: amounts falling due within one year

31.07.2024 31.07.2023
£ £
Taxation and social security 0 316
Other creditors 690,339 312,579
690,339 312,895