1 March 2022 false No description of principal activity Taxfiler 2024.6 03496272business:PrivateLimitedCompanyLtd2022-03-012023-02-28 034962722022-02-28 034962722022-03-012023-02-28 03496272business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 03496272business:FilletedAccounts2022-03-012023-02-28 034962722023-02-28 03496272business:Director12022-03-012023-02-28 03496272business:Director22022-03-012023-02-28 03496272business:CompanySecretary12022-03-012023-02-28 03496272business:RegisteredOffice2022-03-012023-02-28 034962722022-02-28 03496272core:WithinOneYear2023-02-28 03496272core:WithinOneYear2022-02-28 03496272core:AfterOneYear2023-02-28 03496272core:AfterOneYear2022-02-28 03496272core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 03496272core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 03496272core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 03496272core:RevaluationReservecore:PreviouslyStatedAmount2022-02-28 03496272core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 03496272core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 03496272core:PreviouslyStatedAmount2023-02-28 03496272core:PreviouslyStatedAmount2022-02-28 03496272business:SmallEntities2022-03-012023-02-28 03496272countries:EnglandWales2022-03-012023-02-28 03496272core:LandBuildings2022-03-012023-02-28 03496272core:LandBuildings2022-02-28 03496272core:LandBuildings2023-02-28 034962722021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 03496272 (England and Wales)
VENTURES IN PROPERTIES LIMITED Unaudited accounts for the year ended 28 February 2023
VENTURES IN PROPERTIES LIMITED Unaudited accounts Contents
Page
- 2 -
VENTURES IN PROPERTIES LIMITED Company Information for the year ended 28 February 2023
Directors
KARTIK HALAI PREMJI PATEL
Secretary
KIRIT HALAI
Company Number
03496272 (England and Wales)
Registered Office
3RD FLOOR VYMAN HOUSE 104 COLLEGE ROAD HARROW MIDDLESEX HA1 1BQ United Kingdom
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
- 3 -
VENTURES IN PROPERTIES LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
286,031 
294,392 
Current assets
Debtors
319,432 
334,827 
Cash at bank and in hand
2,458 
19 
321,890 
334,846 
Creditors: amounts falling due within one year
(63,675)
(98,592)
Net current assets
258,215 
236,254 
Total assets less current liabilities
544,246 
530,646 
Creditors: amounts falling due after more than one year
(467,190)
(443,913)
Net assets
77,056 
86,733 
Capital and reserves
Called up share capital
40,000 
40,000 
Revaluation reserve
100,000 
100,000 
Profit and loss account
(62,944)
(53,267)
Shareholders' funds
77,056 
86,733 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge 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 and delivered 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 - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
KARTIK HALAI Director Company Registration No. 03496272
- 4 -
VENTURES IN PROPERTIES LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
VENTURES IN PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03496272. The registered office is 3RD FLOOR VYMAN HOUSE, 104 COLLEGE ROAD, HARROW, MIDDLESEX, HA1 1BQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2022
418,066 
At 28 February 2023
418,066 
Depreciation
At 1 March 2022
123,674 
Charge for the year
8,361 
At 28 February 2023
132,035 
Net book value
At 28 February 2023
286,031 
At 28 February 2022
294,392 
- 5 -
VENTURES IN PROPERTIES LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
171,914 
163,477 
Accrued income and prepayments
660 
2,658 
Other debtors
146,858 
168,692 
319,432 
334,827 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,293 
34,838 
VAT
18,632 
8,211 
Trade creditors
15,339 
19,992 
Taxes and social security
6,798 
6,798 
Loans from directors
- 
21,833 
Accruals
6,613 
6,920 
63,675 
98,592 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
267,190 
243,913 
Other creditors
200,000 
200,000 
467,190 
443,913 
8
Transactions with related parties
At the balance sheet date the company owed the Director £Nil (2022: £21,833). At the balance sheet date the company owed Ashwinbhai Halai £200,000 (2022: £200,000) , an individual who is a related party to the company. Shiv Souvenirs Limited is a related company incorporated in England and Wales. At the balance sheet date Shiv Souvenirs owed the company a total of £146,858 (2022: £168,692 ).
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -