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Registered number: 12994778
Ventura Holdings Nottingham Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Gregory Priestley & Stewart
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Junior Roberts
Mr William Williamson
Ms Katie Fletcher
Company Number 12994778
Registered Office 123 Priestsic Road
Sutton-In-Ashfield
Nottinghamshire
NG17 4EA
Accountants Gregory Priestley & Stewart
Chartered Accountants
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
Page 2
Statement of Financial Position
Registered number: 12994778
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 475,502 449,471
475,502 449,471
CURRENT ASSETS
Debtors 6 170 159
Cash at bank and in hand 8,923 6,500
9,093 6,659
Creditors: Amounts Falling Due Within One Year 7 (31,866 ) (50,305 )
NET CURRENT ASSETS (LIABILITIES) (22,773 ) (43,646 )
TOTAL ASSETS LESS CURRENT LIABILITIES 452,729 405,825
Creditors: Amounts Falling Due After More Than One Year 8 (296,694 ) (296,694 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,763 ) (12,977 )
NET ASSETS 136,272 96,154
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 112,043 92,138
Income Statement 24,129 3,916
SHAREHOLDERS' FUNDS 136,272 96,154
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For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 7 April 2025 and were signed on its behalf by:
Mr Junior Roberts
Director
07/04/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ventura Holdings Nottingham Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12994778 . The registered office is 123 Priestsic Road, Sutton-In-Ashfield, Nottinghamshire, NG17 4EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Fixtures & Fittings 3 Years Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 December 2023 448,309 5,294 453,603
Revaluation 26,691 - 26,691
As at 30 November 2024 475,000 5,294 480,294
Depreciation
As at 1 December 2023 - 4,132 4,132
Provided during the period - 660 660
As at 30 November 2024 - 4,792 4,792
Net Book Value
As at 30 November 2024 475,000 502 475,502
As at 1 December 2023 448,309 1,162 449,471
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 341,479 341,479
Accumulated depreciation and impairment 27,318 20,489
Carrying amount 314,161 320,990
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 170 159
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (2 )
Other creditors 27,099 50,307
Taxation and social security 4,767 -
31,866 50,305
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 296,694 296,694
Bank Loans totalling £296,694 (2023; £296,694) are secured against the Investment Properties as to which the loan relate.
Included within creditors amounts falling due after more than one year is an amount of £296,694 (2023; £296,694) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 December 2023 92,138
Movements in fair value reserve 26,691
Tax relating to fair value gain/(loss) (6,786)
As at 30 November 2024 112,043
11. Directors advances, credits and guarantees
At the balance sheet date, the directors were owed £10,043 (2023; £20,043)
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