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Registration number: 11240760

Venturesome Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Venturesome Investments Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

Venturesome Investments Limited

Company Information

Director

Anton Kaszubowski

Registered office

Flat 2
150 Gloucester Terrace
LONDON
W2 6HR

Accountants

Morris & Young
Chartered Accountants
6 Atholl Crescent
PERTH
PH1 5JN

 

Venturesome Investments Limited

(Registration number: 11240760)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

77,360

216,229

Current assets

 

Cash at bank and in hand

 

267

524

Creditors: Amounts falling due within one year

5

(157,706)

(287,411)

Net current liabilities

 

(157,439)

(286,887)

Net liabilities

 

(80,079)

(70,658)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(80,080)

(70,659)

Shareholders' deficit

 

(80,079)

(70,658)

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

Director's 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 director acknowledges 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 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2025
 

.........................................
Anton Kaszubowski
Director

 

Venturesome Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Flat 2
150 Gloucester Terrace
LONDON
W2 6HR

These financial statements were authorised for issue by the director on 27 January 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 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 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.

The financial statements are presented in sterling (£) and rounded to the nearest £1.

Going concern

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

Tax

The tax expense for the period comprises 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.

Investments

Fixed asset investments (where shares are publicly traded or their fair value is reliably measured) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and bank deposits.

 

Venturesome Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Venturesome Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

144,542

71,687

216,229

Fair value adjustments

(67,194)

-

(67,194)

Disposals

-

(71,675)

(71,675)

At 31 March 2024

77,348

12

77,360

Carrying amount

At 31 March 2024

77,348

12

77,360

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

514

Other creditors

157,706

286,897

157,706

287,411

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

1 Ordinary share of £1 each

1

1

1

1

       
 

Venturesome Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Related party transactions

Summary of transactions with other related parties

Greenlaw Limited
 A company controlled by the director, Mr A Kaszubowski
 At 31 March 2024 Venturesome Investments Limited owed Greenlaw Limited £40,688 (2023: £286,897).