REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
VENREC GROUP LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
VENREC GROUP LIMITED |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
VENREC GROUP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Langley Court |
Pyle Street |
Newport |
Isle of Wight |
PO30 1LA |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
BALANCE SHEET |
31 MARCH 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
BALANCE SHEET - continued |
31 MARCH 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
1. | STATUTORY INFORMATION |
Venrec Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
4. | INTANGIBLE FIXED ASSETS |
Website |
£ |
COST |
At 1 April 2024 |
and 31 March 2025 |
AMORTISATION |
At 1 April 2024 |
and 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2024 |
and 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
6. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Trade debtors includes an amount of £30,798 (2024: £22,698) due from Mainstream Training Limited and £Nil (2024: £3,000) due from Mackenzies Accountants Limited. |
One of the directors is also a director of Mainstream Training Limited and holds an indirect minority interest in that company, they are also a director of Mackenzies Accountants Limited. |
VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 10,737 | 11,564 |
Other creditors |
Directors' current accounts | 9 | - |
Other creditors consist of contribution payable to the company's auto-enrollment pension scheme of £177 (2024: £104) a credit card balance of £819 (2024: £786) and accrued staff bonuses and holiday pay of Nil (2024: £1,664). |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2025 | 2024 |
£ | £ |
Bounce Back loan - 2 - 5 yrs | 10,367 | 10,366 |
Bounce Back loan - over 5 yrs | 432 | 3,024 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2024 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ordinary A | £1 | 20 | 20 |
Ordinary B | £1 | 40 | 40 |
Ordinary C | £1 | 40 | 40 |
200 | 200 |
11. | ULTIMATE CONTROLLING PARTY |
No individual is the ultimate controlling party. Two of the directors, between themselves, hold the majority share capital of the company. |