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REGISTERED NUMBER: 03539853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

VENUS INCORPORATION LIMITED

VENUS INCORPORATION LIMITED (REGISTERED NUMBER: 03539853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENUS INCORPORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P N Saujani
C N Saujani
R Saujani
Mrs A N Saujani





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 03539853 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

VENUS INCORPORATION LIMITED (REGISTERED NUMBER: 03539853)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 468 585
Investments 5 50 50
Investment property 6 2,175,000 2,175,000
2,175,518 2,175,635

CURRENT ASSETS
Debtors 7 569,833 531,983
Cash at bank 29,502 59,255
599,335 591,238
CREDITORS
Amounts falling due within one year 8 589,186 356,964
NET CURRENT ASSETS 10,149 234,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,185,667

2,409,909

CREDITORS
Amounts falling due after more than one year 9 (302,357 ) (508,685 )

PROVISIONS FOR LIABILITIES (184,008 ) (184,008 )
NET ASSETS 1,699,302 1,717,216

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Investment property reserve 11 1,315,591 1,315,591
Retained earnings 382,711 400,625
1,699,302 1,717,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

VENUS INCORPORATION LIMITED (REGISTERED NUMBER: 03539853)

BALANCE SHEET - continued
30 APRIL 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 29 January 2025 and were signed on its behalf by:





R Saujani - Director


VENUS INCORPORATION LIMITED (REGISTERED NUMBER: 03539853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Venus Incorporation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Fixtures and fittings - 20% reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

VENUS INCORPORATION LIMITED (REGISTERED NUMBER: 03539853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 6,815
DEPRECIATION
At 1 May 2023 6,230
Charge for year 117
At 30 April 2024 6,347
NET BOOK VALUE
At 30 April 2024 468
At 30 April 2023 585

5. FIXED ASSET INVESTMENTS
Investment
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 50
NET BOOK VALUE
At 30 April 2024 50
At 30 April 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,175,000
NET BOOK VALUE
At 30 April 2024 2,175,000
At 30 April 2023 2,175,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 19,883 1,965
Amounts owed by participating interests 549,950 512,450
Other debtors - 17,568
569,833 531,983

VENUS INCORPORATION LIMITED (REGISTERED NUMBER: 03539853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 238,762 68,315
Trade creditors 12,843 350
Taxation and social security 40,496 31,019
Other creditors 297,085 257,280
589,186 356,964

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 302,357 508,685

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 285,459 494,522
285,459 494,522

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 541,119 577,000

The loans are secured by way of a first legal charge on the investment property.

11. RESERVES
Investment
property
reserve
£   
At 1 May 2023
and 30 April 2024 1,315,591

The investment property reserve is non-distributable.

12. RELATED PARTY DISCLOSURES

At the year end, the company was owed £549,950 (2023: 512,450) by Devine Ealing Limited, an associate company. This loan is interest free with no set repayment terms.