Company Registration No. 11003053 (England and Wales)
New Venture Partners Ltd
Unaudited accounts
for the year ended 31 October 2024
New Venture Partners Ltd
Unaudited accounts
Contents
New Venture Partners Ltd
Company Information
for the year ended 31 October 2024
Company Number
11003053 (England and Wales)
Registered Office
15 Viola Avenue
Staines-upon-Thames
Middlesex
TW19 7SA
England
Accountants
UKD Accountants Ltd
2 Rickmans Avenue
Crawley
West Sussex
RH10 3ZF
New Venture Partners Ltd
Statement of financial position
as at 31 October 2024
Investment property
632,113
570,478
Cash at bank and in hand
33,137
12,184
Creditors: amounts falling due within one year
(256,320)
(172,704)
Net current liabilities
(223,183)
(160,520)
Total assets less current liabilities
408,930
409,958
Creditors: amounts falling due after more than one year
(407,325)
(400,577)
Called up share capital
100
100
Profit and loss account
1,505
9,281
Shareholders' funds
1,605
9,381
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2025 and were signed on its behalf by
Ajitpal Singh
Director
Company Registration No. 11003053
New Venture Partners Ltd
Notes to the Accounts
for the year ended 31 October 2024
New Venture Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 11003053. The registered office is 15 Viola Avenue, Staines-upon-Thames, Middlesex, TW19 7SA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 November 2023
570,478
At 31 October 2024
632,113
Investment property is carried at fair value, derived from the current market prices for comparable real
estate determined annually by external valuers. The valuers use observable market prices, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. Changes in fair
value are recognised in profit or loss.
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
238,184
171,984
Loans from directors
17,656
-
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
407,325
400,577
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
New Venture Partners Ltd
Notes to the Accounts
for the year ended 31 October 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).