Registered number
01525272
Vennercrest Limited
Report and Accounts
31 March 2025
Vennercrest Limited
Registered number: 01525272
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,678,096 1,682,280
Current assets
Debtors 4 79,158 4,690
Cash at bank and in hand 195,036 188,383
274,194 193,073
Creditors: amounts falling due within one year 5 (100,219) (25,630)
Net current assets 173,975 167,443
Total assets less current liabilities 1,852,071 1,849,723
Provisions for liabilities (197,719) (199,428)
Net assets 1,654,352 1,650,295
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 1,027,929 1,027,929
Profit and loss account 626,323 622,266
Shareholders' funds 1,654,352 1,650,295
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Peter Ronan
Director
Approved by the board on 9 June 2025
Vennercrest Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the rental income received on the companys investment properties together with a small amount of income from confectionery sales.
Investment properties
Investment properties are initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 5 years
Equipment and furniture over 10 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Investment properties Office equipment and furniture Fixtures and fittings Total
£ £ £ £
Cost / Valuation
At 1 April 2024 1,658,695 47,393 33,150 1,739,238
Additions - 666 - 666
At 31 March 2025 1,658,695 48,059 33,150 1,739,904
Depreciation
At 1 April 2024 - 34,416 22,542 56,958
Charge for the year - 2,729 2,121 4,850
At 31 March 2025 - 37,145 24,663 61,808
Net book value
At 31 March 2025 1,658,695 10,914 8,487 1,678,096
At 31 March 2024 1,658,695 12,977 10,608 1,682,280
Investment properties: 2025 2024
£ £
Historical cost 486,532 486,532
Cumulative depreciation based on historical cost - -
486,532 486,532
The investment properties were valued by the directors at the year end.
4 Debtors 2025 2024
£ £
Trade debtors 77,079 -
Other debtors 2,079 4,690
79,158 4,690
5 Creditors: amounts falling due within one year 2025 2024
£ £
Directors loan account 1,572 1,185
Trade creditors 88,971 13,146
Corporation tax 1,657 3,040
Other taxes and social security costs 6,499 6,739
Other creditors 1,520 1,520
100,219 25,630
6 Revaluation reserve 2025 2024
£ £
At 1 April 2024 1,027,929 1,074,313
Deferred taxation arising on the revaluation of land and buildings - (46,384)
At 31 March 2025 1,027,929 1,027,929
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 17,563 33,314
8 Controlling party
The company is controlled by directors Mr Peter Ronan and Mrs Heather Ronan who together
own 94% of the issued share capital.
9 Presentation currency
The financial statements are presented in Sterling and rounded to the nearest £1.
10 Other information
Vennercrest Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Park View
Lower Vaynor Road
Cefn Coed
Merthyr Tydfil
CF48 2LY
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