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REGISTERED NUMBER: 13013179 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2024

for

NET VENTURES GROUP LIMITED

NET VENTURES GROUP LIMITED (REGISTERED NUMBER: 13013179)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NET VENTURES GROUP LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: A J Birt
B Neve





REGISTERED OFFICE: c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ





REGISTERED NUMBER: 13013179 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

NET VENTURES GROUP LIMITED (REGISTERED NUMBER: 13013179)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,095 1,139
Investments 5 - 100,000
4,095 101,139

CURRENT ASSETS
Debtors 6 61,737 27,855
Cash at bank 15,354 20,730
77,091 48,585
CREDITORS
Amounts falling due within one year 7 194,923 156,039
NET CURRENT LIABILITIES (117,832 ) (107,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(113,737

)

(6,315

)

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (113,937 ) (6,515 )
SHAREHOLDERS' FUNDS (113,737 ) (6,315 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 15 July 2025 and were signed on its behalf by:





B Neve - Director


NET VENTURES GROUP LIMITED (REGISTERED NUMBER: 13013179)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Net Ventures Group 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.

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 etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 3 (2023 - 3 ) .

NET VENTURES GROUP LIMITED (REGISTERED NUMBER: 13013179)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 2,834
Additions 5,851
At 31 December 2024 8,685
DEPRECIATION
At 1 January 2024 1,695
Charge for year 2,895
At 31 December 2024 4,590
NET BOOK VALUE
At 31 December 2024 4,095
At 31 December 2023 1,139

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 100,000
Disposals (100,000 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,199 27,655
Other debtors 9,538 200
61,737 27,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,542 5,961
Amounts owed to group undertakings 101,000 101,000
Taxation and social security 3,435 47,251
Other creditors 61,946 1,827
194,923 156,039

NET VENTURES GROUP LIMITED (REGISTERED NUMBER: 13013179)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

9. ULTIMATE CONTROLLING PARTY

The controlling party is Net Ventures Limited.