ANDURAND VENTURES LTD

Company Registration Number:
06820074 (England and Wales)

Unaudited abridged accounts for the year ended 27 August 2024

Period of accounts

Start date: 28 August 2023

End date: 27 August 2024

ANDURAND VENTURES LTD

Contents of the Financial Statements

for the Period Ended 27 August 2024

Balance sheet
Notes

ANDURAND VENTURES LTD

Balance sheet

As at 27 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 200,154 278,955
Total fixed assets: 200,154 278,955
Current assets
Debtors: 4 2,165,311 1,652,194
Cash at bank and in hand: 660,930 1,566,375
Total current assets: 2,826,241 3,218,569
Creditors: amounts falling due within one year:   (202,382) (428,084)
Net current assets (liabilities): 2,623,859 2,790,485
Total assets less current liabilities: 2,824,013 3,069,440
Creditors: amounts falling due after more than one year:   (2,440) (2,524)
Total net assets (liabilities): 2,821,573 3,066,916
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,821,572 3,066,915
Shareholders funds: 2,821,573 3,066,916

The notes form part of these financial statements

ANDURAND VENTURES LTD

Balance sheet statements

For the year ending 27 August 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 12 May 2025
and signed on behalf of the board by:

Name: Hakon Haugnes
Status: Director

The notes form part of these financial statements

ANDURAND VENTURES LTD

Notes to the Financial Statements

for the Period Ended 27 August 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

ANDURAND VENTURES LTD

Notes to the Financial Statements

for the Period Ended 27 August 2024

2. Employees

2024 2023
Average number of employees during the period 7 6

ANDURAND VENTURES LTD

Notes to the Financial Statements

for the Period Ended 27 August 2024

3. Tangible Assets

Total
Cost £
At 28 August 2023 2,845,602
Additions 78,517
At 27 August 2024 2,924,119
Depreciation
At 28 August 2023 2,566,647
Charge for year 157,318
At 27 August 2024 2,723,965
Net book value
At 27 August 2024 200,154
At 27 August 2023 278,955

ANDURAND VENTURES LTD

Notes to the Financial Statements

for the Period Ended 27 August 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 603,253 603,253

ANDURAND VENTURES LTD

Notes to the Financial Statements

for the Period Ended 27 August 2024

5. Related party transactions

Name of the related party:
Relationship:
Andurand Capital Management LLP
Description of the Transaction: Andurand Capital Management LLP, a limited liability partnership incorporated in England and Wales was charged by the Company for service charges amounting to $3,358,998 (2023: $3,339,477). At 31 August 2024 $1,359,226 (2023: $1,110,350) was owed to the Company by Andurand Capital Management LLP.
£
Balance at 28 August 2023 874,974
Balance at 27 August 2024 1,035,278
Name of the related party:
Relationship:
Andurand Capital Management Ltd
Description of the Transaction: Andurand Capital Management Ltd, a company registered in Malta was charged by the Company for service charges amounting to $60,000 (2023: $60,000). Andurand Capital Management Ltd was also recharged for costs incurred during the year to 31 August 2024 by the Company, amounting to $78,679 (2023: $157,523). At 31 August 2024 $78,679 (2023: $36,064) was owed to the Company by Andurand Capital Management Ltd.
£
Balance at 28 August 2023 28,419
Balance at 27 August 2024 59,927
Name of the related party:
Relationship:
Andurand Capital Services Limited
Description of the Transaction: Andurand Capital Services Limited, a company registered in England and Wales was charged by the Company for sundry expenses amounting to $285 (2023: $16). At 31 August 2024 $1.200 (2023: $31) was owed to the Company by Andurand Capital Services Limited.
£
Balance at 28 August 2023 24
Balance at 27 August 2024 914