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Company Registration No. 13347253 (England and Wales)
LAN Ventures Ltd Unaudited accounts for the year ended 31 July 2024
LAN Ventures Ltd Unaudited accounts Contents
Page
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LAN Ventures Ltd Company Information for the year ended 31 July 2024
Directors
Leo Nelson Jade Nelson
Company Number
13347253 (England and Wales)
Registered Office
The Lion Buildings 8 Market Place Uttoxeter ST14 8HP
Accountants
Victoria Miles Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LAN Ventures Ltd for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LAN Ventures Ltd for the year ended 31 July 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of LAN Ventures Ltd, as a body, in accordance with the terms of our engagement letter dated 10 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of LAN Ventures Ltd and state those matters that we have agreed to state to the Board of Directors of LAN Ventures Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LAN Ventures Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LAN Ventures Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LAN Ventures Ltd. You consider that LAN Ventures Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LAN Ventures Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Victoria Miles Accountants Chartered Certified Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF 11 April 2025
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LAN Ventures Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
102 
102 
Current assets
Debtors
4,033 
3,500 
Cash at bank and in hand
3,190 
12,451 
7,223 
15,951 
Creditors: amounts falling due within one year
(470)
(698)
Net current assets
6,753 
15,253 
Net assets
6,855 
15,355 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,853 
15,353 
Shareholders' funds
6,855 
15,355 
For the year ending 31 July 2024 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 22 April 2025 and were signed on its behalf by
Leo Nelson Director Company Registration No. 13347253
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LAN Ventures Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
LAN Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 13347253. The registered office is The Lion Buildings, 8 Market Place, Uttoxeter, ST14 8HP.
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. The company and its subsidiaries comprise a small group. The company has therefore taken advantage of section 398 of the Companies Act 2006 not to prepare group accounts.
Presentation currency
The accounts are presented in £ sterling.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost..
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
102 
Valuation at 31 July 2024
102 
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LAN Ventures Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
4,033 
3,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
210 
Loans from directors
470 
488 
470 
698 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
1 Ordinary B shares of £1 each
1 
1 
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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