Company registration number 08646923 (England and Wales)
VENTURA SOL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
VENTURA SOL LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
VENTURA SOL LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
4,163
4,354
Current assets
Debtors
342,408
89,503
Cash at bank and in hand
13,096
216,446
355,504
305,949
Creditors: amounts falling due within one year
(321,815)
(269,441)
Net current assets
33,689
36,508
Net assets
37,852
40,862
Capital and reserves
Called up share capital
4
2
2
Profit and loss reserves
37,850
40,860
Total equity
37,852
40,862

For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mrs L C G Morgan
Director
Company registration number 08646923 (England and Wales)
VENTURA SOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Ventura Sol Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72 Rhosmaen Street, Rhosmaen Street, Llandeilo, Wales, SA19 6EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

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

 

Turnover is recognised at the point of reservation.

1.4
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

1.5
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 statement of financial position date.

1.6
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

VENTURA SOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
4,163
4,354
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 October 2023
4,354
Exchange differences
(191)
At 30 September 2024
4,163
Carrying amount
At 30 September 2024
4,163
At 30 September 2023
4,354
4
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
VENTURA SOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
5
Related party transactions

OTH Limited, the company's immediate parent undertaking, and a company in which Mrs L C G Morgan and C E Morgan are both directors, provides working capital to the company. At the end of the year the outstanding balance due to OTH Limited was £320,455 (2023: £255,647). The advance is interest-free, unsecured and repayable on demand.

 

Cawdor Estates Ltd, a fellow subsidiary company, and one in which Mrs L C G Morgan and C E Morgan are both directors, has been provided with working capital by the company. At the end of the year the outstanding balance due from the fellow subsidiary company was £Nil (2023: £379). The advance is interest-free, unsecured and repayable on demand.

 

Venturasol Unipessol LDA, a wholly-owned subsidiary company registered in Portugal, has been provided with working capital and long-term funding. At the end of the year the net outstanding balance due from Venturasol Unipessol LDA was £342,408 (2023: £79,103), of which £83,182 (2023: £89,124) was longer-term funding debt and £259,226 was a short-term debtor balance (2023 creditor balance: £10,020). The advance is interest-free, unsecured and repayable on demand.

 

Cawdor Arms Ltd, a fellow subsidiary company, and one in which Mrs L C G Morgan and C E Morgan are both directors, has provided working capital to the company. At the end of the year the outstanding balance due to the fellow subsidiary company was £Nil (2023: £2,306). The advance is interest-free, unsecured and repayable on demand.

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