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Registration number: 12207640

Sm River Ventures Ltd

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2024

 

Sm River Ventures Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sm River Ventures Ltd

Company Information

Director

R Kulasingam

Registered office

12A Fleet Business Park
Fleet
Hants
GU52 8BF

 

Sm River Ventures Ltd

(Registration number: 12207640)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

413,947

431,594

Current assets

 

Debtors

5

170

170

Cash at bank and in hand

 

517

13,043

 

687

13,213

Creditors: Amounts falling due within one year

6

(306,926)

(306,926)

Net current liabilities

 

(306,239)

(293,713)

Total assets less current liabilities

 

107,708

137,881

Creditors: Amounts falling due after more than one year

6

(143,543)

(137,221)

Net (liabilities)/assets

 

(35,835)

660

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(35,845)

650

Shareholders' (deficit)/funds

 

(35,835)

660

For the financial year ending 5 April 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 his 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.

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 4 April 2025
 

.........................................
R Kulasingam
Director

 

Sm River Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

1

General information

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

The address of its registered office is:
12A Fleet Business Park
Fleet
Hants
GU52 8BF
England

These financial statements were authorised for issue by the director on 4 April 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.

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.

 

Sm River Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 1 (2023 - 1).

 

Sm River Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 6 April 2023

431,594

431,594

Revaluations

(37,505)

(37,505)

Additions

19,858

19,858

At 5 April 2024

413,947

413,947

Impairment

Carrying amount

At 5 April 2024

413,947

413,947

5

Debtors

Current

2024
£

2023
£

Other debtors

170

170

 

170

170

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

40

40

Accruals and deferred income

 

600

600

Other creditors

 

306,286

306,286

 

306,926

306,926

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

143,543

137,221

 

Sm River Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Retained earnings
£

Total
£

Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences

1,874

1,874

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

Retained earnings
£

Total
£

Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences

2,125

2,125