SMN VENTURES LTD

Company Registration Number:
14287507 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 September 2023

End date: 30 November 2024

SMN VENTURES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

SMN VENTURES LTD

Balance sheet

As at 30 November 2024


Notes

15 months to 30 November 2024

13 months to 31 August 2023


£

£
Called up share capital not paid: 0 1
Fixed assets
Tangible assets: 3 10,780 0
Investments: 4 95,017 0
Total fixed assets: 105,797 0
Current assets
Stocks: 88,511
Debtors:   83,681
Cash at bank and in hand: 416,401
Total current assets: 588,593
Creditors: amounts falling due within one year:   (227,588)
Net current assets (liabilities): 361,005
Total assets less current liabilities: 466,802 1
Provision for liabilities: (195)
Total net assets (liabilities): 466,607 1
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 466,606
Shareholders funds: 466,607 1

The notes form part of these financial statements

SMN VENTURES LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 June 2025
and signed on behalf of the board by:

Name: Charel Ogada
Status: Director

The notes form part of these financial statements

SMN VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, services rendered, and investment activities, net of discounts and Value Added Tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer & Office Equipment - 20% Straight Line

Intangible fixed assets and amortisation policy

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

SMN VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

15 months to 30 November 2024 13 months to 31 August 2023
Average number of employees during the period 1 1

SMN VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 0
Additions 13,475
At 30 November 2024 13,475
Depreciation
At 01 September 2023 0
Charge for year 2,695
At 30 November 2024 2,695
Net book value
At 30 November 2024 10,780
At 31 August 2023 0

SMN VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Fixed investments

The company holds cryptocurrency classified as long-term investments within fixed assets. These are measured at historical cost less impairment. No fair value adjustments are recognized until disposal or an impairment loss is determined. The valuation of these assets is subject to significant risk due to market volatility. The carrying value at the balance sheet date is £95,017.