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REGISTERED NUMBER: 04282866 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

VENS Limited

VENS Limited (Registered number: 04282866)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VENS Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss A Pitsillos
Mr A Pitsillos





SECRETARY: Mr P Atsiaris





REGISTERED OFFICE: 92 Powys Lane
Palmers Green
London
N13 4HR





REGISTERED NUMBER: 04282866 (England and Wales)





ACCOUNTANTS: Lakis & Co
Accountants
92 Powys Lane
Palmers Green
London
N13 4HR

VENS Limited (Registered number: 04282866)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 730,242 730,242

CURRENT ASSETS
Debtors 5 135,000 95,000
Cash at bank 261,058 258,373
396,058 353,373
CREDITORS
Amounts falling due within one year 6 96,075 82,874
NET CURRENT ASSETS 299,983 270,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,225

1,000,741

CREDITORS
Amounts falling due after more than one
year

7

221,423

247,710
NET ASSETS 808,802 753,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 808,702 752,931
SHAREHOLDERS' FUNDS 808,802 753,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VENS Limited (Registered number: 04282866)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr A Pitsillos - Director


VENS Limited (Registered number: 04282866)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

VENS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

VENS Limited (Registered number: 04282866)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 730,242
NET BOOK VALUE
At 30 September 2024 730,242
At 30 September 2023 730,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 135,000 95,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 38,309 38,308
Taxation and social security 15,727 13,301
Other creditors 42,039 31,265
96,075 82,874

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 221,423 247,710

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,186 94,473