Company No:
Contents
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 |
Note | 31.07.2024 | 31.07.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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524,402 | 295,530 | |||
Current assets | ||||
Cash at bank and in hand |
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153,600 | 18,813 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (536,739) | (294,082) | ||
Total assets less current liabilities | (12,337) | 1,448 | ||
Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholder's (deficit)/funds | (
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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:
N Drion
Director |
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.
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.
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.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.
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.
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 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.
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.
Year ended 31.07.2024 |
Period from 28.07.2022 to 31.07.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Other investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 August 2023 |
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Additions |
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At 31 July 2024 |
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Carrying value at 31 July 2024 |
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Carrying value at 31 July 2023 |
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31.07.2024 | 31.07.2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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