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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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