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Company Registration No. 11016437 (England and Wales)
The Venue Preston Ltd Unaudited accounts for the year ended 30 October 2023
The Venue Preston Ltd Unaudited accounts Contents
Page
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The Venue Preston Ltd Company Information for the year ended 30 October 2023
Director
Munaf Majid Ahmed
Company Number
11016437 (England and Wales)
Registered Office
109 Coleman Road Leicester LE5 4LE ENGLAND
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The Venue Preston Ltd Statement of financial position as at 30 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
446,480 
467,761 
Current assets
Debtors
30,856 
5,062 
Cash at bank and in hand
21,107 
10,821 
51,963 
15,883 
Creditors: amounts falling due within one year
(309,981)
(311,640)
Net current liabilities
(258,018)
(295,757)
Total assets less current liabilities
188,462 
172,004 
Creditors: amounts falling due after more than one year
(24,021)
(24,802)
Net assets
164,441 
147,202 
Capital and reserves
Called up share capital
300,100 
300,100 
Profit and loss account
(135,659)
(152,898)
Shareholders' funds
164,441 
147,202 
For the year ending 30 October 2023 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 director acknowledges his 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 and authorised for issue on 1 February 2024 and were signed on its behalf by
Munaf Majid Ahmed Director Company Registration No. 11016437
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The Venue Preston Ltd Notes to the Accounts for the year ended 30 October 2023
1
Statutory information
The Venue Preston Ltd is a private company, limited by shares, registered in England and Wales, registration number 11016437. The registered office is 109 Coleman Road, Leicester, LE5 4LE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over lease term
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 31 October 2022
389,541 
41,466 
289,924 
720,931 
Additions
- 
18,555 
- 
18,555 
At 30 October 2023
389,541 
60,021 
289,924 
739,486 
Depreciation
At 31 October 2022
38,954 
18,560 
195,656 
253,170 
Charge for the year
19,477 
6,219 
14,140 
39,836 
At 30 October 2023
58,431 
24,779 
209,796 
293,006 
Net book value
At 30 October 2023
331,110 
35,242 
80,128 
446,480 
At 30 October 2022
350,587 
22,906 
94,268 
467,761 
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The Venue Preston Ltd Notes to the Accounts for the year ended 30 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,640 
846 
Other debtors
4,216 
4,216 
30,856 
5,062 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
10,000 
VAT
17,209 
1,875 
Trade creditors
530 
5,024 
Taxes and social security
4,217 
3,490 
Other creditors
204,000 
204,000 
Loans from directors
83,653 
87,251 
Accruals
372 
- 
309,981 
311,640 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,021 
24,802 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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