Registered number
11683297
Uncommon Ventures Limited
Filleted Accounts
30 November 2024
Uncommon Ventures Limited
Registered number: 11683297
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,640 24,974
Current assets
Debtors 4 1,353 1,780
Investments held as current assets 5 111,610 100,140
Cash at bank and in hand 246,357 429,817
359,320 531,737
Creditors: amounts falling due within one year 6 (87,631) (87,888)
Net current assets 271,689 443,849
Total assets less current liabilities 292,329 468,823
Creditors: amounts falling due after more than one year 7 (18,239) (27,913)
Net assets 274,090 440,910
Capital and reserves
Called up share capital 100 100
Profit and loss account 273,990 440,810
Shareholder's funds 274,090 440,910
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrea Marangoni
Director
Approved by the board on 19 February 2025
Uncommon Ventures Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 7,776 66,327 74,103
Additions 826 - 826
At 30 November 2024 8,602 66,327 74,929
Depreciation
At 1 December 2023 4,536 44,593 49,129
Charge for the year 813 4,347 5,160
At 30 November 2024 5,349 48,940 54,289
Net book value
At 30 November 2024 3,253 17,387 20,640
At 30 November 2023 3,240 21,734 24,974
4 Debtors 2024 2023
£ £
Other debtors 1,353 1,780
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 109,110 97,640
Unlisted investments 2,500 2,500
111,610 100,140
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (8,244) (7,516)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,529 11,529
Other creditors 76,102 76,359
87,631 87,888
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 18,239 27,913
8 Controlling party
The ultimate controlling party is Andrea Marangoni, who owns 90% of the company's shareholding.
9 Other information
Uncommon Ventures Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 5, 5th Floor City Reach
5 Greenwich View Place
London
E14 9NN
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