Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312025-05-021falsetrue2023-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1false 04845975 2023-08-01 2024-07-31 04845975 2022-08-01 2023-07-31 04845975 2024-07-31 04845975 2023-07-31 04845975 c:Director1 2023-08-01 2024-07-31 04845975 d:MotorVehicles 2023-08-01 2024-07-31 04845975 d:MotorVehicles 2024-07-31 04845975 d:MotorVehicles 2023-07-31 04845975 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04845975 d:CurrentFinancialInstruments 2024-07-31 04845975 d:CurrentFinancialInstruments 2023-07-31 04845975 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04845975 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04845975 d:ShareCapital 2024-07-31 04845975 d:ShareCapital 2023-07-31 04845975 d:RetainedEarningsAccumulatedLosses 2024-07-31 04845975 d:RetainedEarningsAccumulatedLosses 2023-07-31 04845975 c:FRS102 2023-08-01 2024-07-31 04845975 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04845975 c:FullAccounts 2023-08-01 2024-07-31 04845975 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04845975 6 2023-08-01 2024-07-31 04845975 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04845975









VENTURE MAX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
VENTURE MAX LIMITED
REGISTERED NUMBER: 04845975

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,920
33,226

Investments
 5 
3
3

  
24,923
33,229

Current assets
  

Debtors: amounts falling due within one year
 6 
1,603,158
1,603,158

Cash at bank and in hand
 7 
7,745
7,745

  
1,610,903
1,610,903

Creditors: amounts falling due within one year
 8 
(1,701,961)
(1,701,961)

Net current liabilities
  
 
 
(91,058)
 
 
(91,058)

Total assets less current liabilities
  
(66,135)
(57,829)

  

Net liabilities
  
(66,135)
(57,829)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(66,136)
(57,830)

  
(66,135)
(57,829)


Page 1

 
VENTURE MAX LIMITED
REGISTERED NUMBER: 04845975
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 May 2025.




A Shamash
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Venture Max Limited is a private company, limited by shares and incorporated in England and Wales
(registered number 04845975). 
The address of the registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is
dependent on the shareholders for financial support. As at 31 July 2023, the shareholders have
confirmed that they will provide adequate finance to enable the company to continue in operational
existence. Therefore, the directors consider it appropriate to prepare the financial statements on the
going concern basis

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 August 2023
47,280



At 31 July 2024

47,280



Depreciation


At 1 August 2023
14,054


Charge for the year on owned assets
8,306



At 31 July 2024

22,360



Net book value



At 31 July 2024
24,920



At 31 July 2023
33,226


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 August 2023
3



At 31 July 2024
3





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,603,158
1,603,158

1,603,158
1,603,158

Page 5

 
VENTURE MAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.Debtors (continued)



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,745
7,745

7,745
7,745



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,700,461
1,700,461

Accruals and deferred income
1,500
1,500

1,701,961
1,701,961


 
Page 6