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Registration number: 12004280

Curious Ventures Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Curious Ventures Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Curious Ventures Ltd

Company Information

Directors

Nicholas Milford Illston

Emma Dahlman

Registered office

28 Lordship Park
London
N16 5UD

 

Curious Ventures Ltd

(Registration number: 12004280)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,172

23,102

Other financial assets

5

5,263,231

4,482,500

 

5,275,403

4,505,602

Current assets

 

Debtors

6

508,188

657,934

Cash at bank and in hand

 

990,274

1,243,506

 

1,498,462

1,901,440

Creditors: Amounts falling due within one year

(431,416)

(815,014)

Net current assets

 

1,067,046

1,086,426

Total assets less current liabilities

 

6,342,449

5,592,028

Accruals and deferred income

 

(3,740)

(2,900)

Net assets

 

6,338,709

5,589,128

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

6,338,708

5,589,127

Shareholders' funds

 

6,338,709

5,589,128

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Curious Ventures Ltd

(Registration number: 12004280)
Abridged Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................

Nicholas Milford Illston

Director

 

Curious Ventures Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
28 Lordship Park
London
N16 5UD

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Curious Ventures Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% straight line

Motor vehicles

33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Curious Ventures Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

4,321

109,278

113,599

Additions

932

-

932

Disposals

-

(76,305)

(76,305)

At 31 May 2024

5,253

32,973

38,226

Depreciation

At 1 June 2023

3,201

87,296

90,497

Charge for the year

871

10,991

11,862

Eliminated on disposal

-

(76,305)

(76,305)

At 31 May 2024

4,072

21,982

26,054

Carrying amount

At 31 May 2024

1,181

10,991

12,172

At 31 May 2023

1,120

21,982

23,102

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Additions

5,263,231

5,263,231

At 31 May 2024

5,263,231

5,263,231

Impairment

Carrying amount

At 31 May 2024

5,263,231

5,263,231

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

Curious Ventures Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.01 each

100

1

100

1

       

8

Dividends

2024

2023

£

£

Interim dividend of £3,270.00 (2023 - £3,228.50) per ordinary share

327,000

322,850