Company registration number: 13396023
Unaudited financial statements
for the year ended 31 May 2024
for
Balmoral Ventures Ltd
Pages for filing with the Registrar
Company registration number: 13396023
Balmoral Ventures Ltd
Balance sheet
as at 31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 2,055,196 1,158,895
Investments 5 203,534 203,534
2,258,730 1,362,429
Current assets
Debtors 46,306 55,858
Cash at bank and in hand 3,375 2,447
49,681 58,305
Creditors: amounts falling due within one
year
(2,011,161) (992,792)
Net current liabilities (1,961,480) (934,487)
Total assets less current liabilities 297,250 427,942
Creditors: Amounts falling due after more
than one year
(497,176) (480,323)
NET LIABILITIES (199,926) (52,381)
Capital and reserves
Called up share capital 100 100
Profit and loss account (200,026) (52,481)
TOTAL EQUITY (199,926) (52,381)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13396023
Balmoral Ventures Ltd
Balance sheet - continued
as at 31 May 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P Dabrowa, Director
25 February 2025
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Balmoral Ventures Ltd
Notes to the financial statements
for the year ended 31 May 2024
1 Company information
Balmoral Ventures Ltd is a private company registered in England and Wales. Its registered number is 13396023. The company is limited by shares. Its registered office is Building 1000, Cambridge Research Park, Waterbeach, Cambridgeshire, CB25 9PD.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 10% straight line
Plant and machinery etc.:
Fixtures & fittings - 50% straight line
Computer equipment - 50% straight line
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 2).
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Balmoral Ventures Ltd
Notes to the financial statements - continued
for the year ended 31 May 2024
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 June 2023 1,158,895 2,206 1,161,101
Additions 896,260 41 896,301
At 31 May 2024 2,055,155 2,247 2,057,402
Depreciation
At 1 June 2023 - 2,206 2,206
At 31 May 2024 - 2,206 2,206
Net book value
At 31 May 2024 2,055,155 41 2,055,196
At 31 May 2023 1,158,895 - 1,158,895
5 Fixed asset investments
Investments other than loans
Other

investments
other than loans
£
Cost
At 1 June 2023 203,534
At 31 May 2024 203,534
Net book value
At 31 May 2024 203,534
At 31 May 2023 203,534
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