Registration number:
Condor Ventures Limited
for the Period from 10 November 2023 to 30 November 2024
Pages for filing with Registrar
Condor Ventures Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Condor Ventures Limited
Company Information
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Directors |
L A Errington P V A Burose A R W Davis S A Prieto Klaber |
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Registered office |
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Registered number |
15276366 |
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Accountant |
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Condor Ventures Limited
(Registration number: 15276366)
Balance Sheet as at 30 November 2024
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Note |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Total equity |
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Condor Ventures Limited
(Registration number: 15276366)
Balance Sheet as at 30 November 2024
For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
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Director
Condor Ventures Limited
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 30 November 2024
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Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
This is the first set of financial statements prepared by the company and therefore no comparative figures are available.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future and for at least twelve months from the date of approval of the accounts. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.
Group accounts not prepared
Condor Ventures Limited
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 30 November 2024
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Condor Ventures Limited
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 30 November 2024
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Investments |
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2024 |
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Investments in subsidiaries |
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Details of undertakings
Details of the investments are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
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Subsidiary undertakings |
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483 Green Lanes, London, England, N13 4BS |
Ordinary |
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15 Cornwallis Crescent, Bristol, England, BS8 4PJ |
Ordinary |
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Debtors: amounts falling due within one year |
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Note |
2024 |
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Amounts owed by group undertakings |
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The amounts owed by group undetakings are unsecured, interest free and repayable on demand.
Condor Ventures Limited
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 30 November 2024
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Creditors |
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2024 |
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Amounts falling due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accruals |
2,100 |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
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No. |
£ |
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50 |
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50 |
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On incorporation the company issued 50 A Ordinary shares of £1 each. On 5 January 2024 50 B Ordinary £1 shares were issued and the amount paid for these shares was £24,340 per share. Share premium total is £1,216,950.
Both classes of share have attached to them full voting, dividend and capital distribution (including on winding up) rights. They do not confer any rights of redemption.