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Company Registration No. 13347613 (England and Wales)
GVT Ventures Ltd Unaudited accounts for the year ended 30 April 2024
GVT Ventures Ltd Unaudited accounts Contents
Page
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GVT Ventures Ltd Company Information for the year ended 30 April 2024
Directors
Giles Godfrey Barbara Virginia Van Teefelen
Company Number
13347613 (England and Wales)
Registered Office
ADDITION FINANCIAL LIMITED THE OFFICE GR 1 LYRIC SQUARE LONDON LONDON W6 0NB UNITED KINGDOM
Accountants
Addition Financial Limited The Office Group 1 Lyric Square Hammersmith London W6 0NB
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GVT Ventures Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
253,422 
314,250 
Current assets
Debtors
3,094 
100,802 
Cash at bank and in hand
30,531 
146,748 
33,625 
247,550 
Creditors: amounts falling due within one year
(21,114)
(62,973)
Net current assets
12,511 
184,577 
Total assets less current liabilities
265,933 
498,827 
Creditors: amounts falling due after more than one year
(954,119)
(908,550)
Net liabilities
(688,186)
(409,723)
Capital and reserves
Called up share capital
100 
- 
Profit and loss account
(688,286)
(409,723)
Shareholders' funds
(688,186)
(409,723)
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Giles Godfrey Director Company Registration No. 13347613
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GVT Ventures Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GVT Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 13347613. The registered office is ADDITION FINANCIAL LIMITED THE OFFICE GR, 1 LYRIC SQUARE, LONDON, LONDON, W6 0NB, UNITED KINGDOM.
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:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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GVT Ventures Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
278,693 
9,804 
152,330 
440,827 
Additions
5,820 
- 
3,030 
8,850 
At 30 April 2024
284,513 
9,804 
155,360 
449,677 
Depreciation
At 1 May 2023
79,741 
2,304 
44,532 
126,577 
Charge for the year
42,316 
1,400 
25,962 
69,678 
At 30 April 2024
122,057 
3,704 
70,494 
196,255 
Net book value
At 30 April 2024
162,456 
6,100 
84,866 
253,422 
At 30 April 2023
198,952 
7,500 
107,798 
314,250 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,094 
100,802 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,289 
31,524 
Trade creditors
10,145 
13,036 
Amounts owed to group undertakings and other participating interests
3,086 
3,086 
Taxes and social security
592 
5,068 
Other creditors
4,002 
10,259 
21,114 
62,973 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
954,119 
908,550 
8
Average number of employees
During the year the average number of employees was 9 (2023: 8).
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