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REGISTERED NUMBER: 10403150 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ADRIAN AND HELEN VENTURE LIMITED

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADRIAN AND HELEN VENTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr Adrian DC Cox
Ms Helen M Harries-Rees





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 10403150 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,212 17,806
13,212 17,806

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 226 3,681
Cash at bank and in hand 14,372 20,676
16,098 25,857
CREDITORS
Amounts falling due within one year 7 23,761 22,953
NET CURRENT (LIABILITIES)/ASSETS (7,663 ) 2,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,549

20,710

CREDITORS
Amounts falling due after more than one
year

8

(6,894

)

(17,027

)

PROVISIONS FOR LIABILITIES 9 (2,355 ) (3,310 )
NET (LIABILITIES)/ASSETS (3,700 ) 373

CAPITAL AND RESERVES
Called up share capital 10 600 600
Retained earnings (4,300 ) (227 )
SHAREHOLDERS' FUNDS (3,700 ) 373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:




Mr Adrian DC Cox - Director



Ms Helen M Harries-Rees - Director


ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Adrian and Helen Venture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 27,500
AMORTISATION
At 1 October 2023
and 30 September 2024 27,500
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 48,560 500 3,425 52,485
Additions 449 - - 449
At 30 September 2024 49,009 500 3,425 52,934
DEPRECIATION
At 1 October 2023 31,060 499 3,120 34,679
Charge for year 4,891 - 152 5,043
At 30 September 2024 35,951 499 3,272 39,722
NET BOOK VALUE
At 30 September 2024 13,058 1 153 13,212
At 30 September 2023 17,500 1 305 17,806

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 226 -
Net wages debtor - 1,983
Directors' current accounts - 1,530
Prepayments and accrued income - 168
226 3,681

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,133 9,883
Trade creditors 1 2
Corporation tax - 322
Social security and other taxes 718 1,435
Pensions creditor 161 176
Net wages creditor 801 -
VAT 9,299 9,185
Directors' current accounts 698 -
Accruals and deferred income 1,950 1,950
23,761 22,953

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 6,894 10,133
Bank loans - 2-5 years - 6,894
6,894 17,027

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 2,451 3,310
Tax losses carried forward (96 ) -
2,355 3,310

Deferred
tax
£   
Balance at 1 October 2023 3,310
Provided during year (955 )
Balance at 30 September 2024 2,355

ADRIAN AND HELEN VENTURE LIMITED (REGISTERED NUMBER: 10403150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
600 Ordinary voting shares classes
A - F £1 600 600

The total share capital of the Company is sub divided into six separate classes of ordinary share labelled A to F inclusive.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards income, share classes A to F inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the the Directors from time to time.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr Adrian DC Cox
Balance outstanding at start of year 424 -
Amounts advanced - 424
Amounts repaid (424 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 424

Ms Helen M Harries-Rees
Balance outstanding at start of year 1,106 -
Amounts advanced - 1,106
Amounts repaid (1,106 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,106