Registered number
13165746
Venturefund Limited
Filleted Accounts
29 June 2024
Venturefund Limited
Registered number: 13165746
Balance Sheet
as at 29 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 446,400 502,200
Current assets
Debtors 4 294,153 293,653
Cash at bank and in hand 124 684
294,277 294,337
Creditors: amounts falling due within one year 5 (1,200) (600)
Net current assets 293,077 293,737
Total assets less current liabilities 739,477 795,937
Creditors: amounts falling due after more than one year 6 (383,000) (383,000)
Net assets 356,477 412,937
Capital and reserves
Called up share capital 400 400
Share premium 509,879 509,879
Revaluation reserve 7 175,000 175,000
Profit and loss account (328,802) (272,342)
Shareholder's funds 356,477 412,937
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Kaldish Shoker
Director
Approved by the board on 26 June 2025
Venturefund Limited
Notes to the Accounts
for the period from 1 July 2023 to 29 June 2024
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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Cost
At 1 July 2023 558,000
At 29 June 2024 558,000
Amortisation
At 1 July 2023 55,800
Provided during the period 55,800
At 29 June 2024 111,600
Net book value
At 29 June 2024 446,400
At 30 June 2023 502,200
4 Debtors 2024 2023
£ £
Other debtors 294,153 293,653
294,153 293,653
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,200 600
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 383,000 383,000
7 Revaluation reserve 2024 2023
£ £
At 1 July 2023 175,000 -
Gain on revaluation of land and buildings - 175,000
At 29 June 2024 175,000 175,000
8 Other information
Venturefund Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
Greater London
WC2H 9JQ
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