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Company Registration No. 11016437 (England and Wales)
The Venue Preston Ltd Unaudited accounts for the year ended 30 October 2024
The Venue Preston Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
The Venue Preston Ltd Company Information for the year ended 30 October 2024
Director
Munaf Majid Ahmed
Company Number
11016437 (England and Wales)
Registered Office
109 Coleman Road Leicester LE5 4LE ENGLAND
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The Venue Preston Ltd Statement of financial position as at 30 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
419,789
446,480
Current assets
Debtors
5
14,653
30,856
Cash at bank and in hand
30,721
21,107
45,374
51,963
Creditors: amounts falling due within one year
6
(74,911)
(130,002)
Net current liabilities
(29,537)
(78,039)
Total assets less current liabilities
390,252
368,441
Creditors: amounts falling due after more than one year
7
(204,000)
(204,000)
Net assets
186,252
164,441
Capital and reserves
Called up share capital
300,100
300,100
Profit and loss account
(113,848)
(135,659)
Shareholders' funds
186,252
164,441
For the year ending 30 October 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 director acknowledges his 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 and authorised for issue on 30 April 2025 and were signed on its behalf by
Munaf Majid Ahmed Director Company Registration No. 11016437
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The Venue Preston Ltd Notes to the Accounts for the year ended 30 October 2024
1
Statutory information
The Venue Preston Ltd is a private company, limited by shares, registered in England and Wales, registration number 11016437. The registered office is 109 Coleman Road, Leicester, LE5 4LE, ENGLAND.
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
Over lease term
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 31 October 2023
389,541
60,021
289,924
739,486
Additions
5,555
5,664
-
11,219
At 30 October 2024
395,096
65,685
289,924
750,705
Depreciation
At 31 October 2023
58,431
24,779
209,796
293,006
Charge for the year
19,755
6,136
12,019
37,910
At 30 October 2024
78,186
30,915
221,815
330,916
Net book value
At 30 October 2024
316,910
34,770
68,109
419,789
At 30 October 2023
331,110
35,242
80,128
446,480
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The Venue Preston Ltd Notes to the Accounts for the year ended 30 October 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
10,437
26,640
Other debtors
4,216
4,216
14,653
30,856
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
22,227
17,209
Trade creditors
166
530
Taxes and social security
3,546
4,217
Other creditors
18,978
24,021
Loans from directors
29,994
83,653
Accruals
-
372
74,911
130,002
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
204,000
204,000
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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