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Registration number: 15276366

Condor Ventures Limited

Unaudited Filleted Financial Statements

for the Period from 10 November 2023 to 30 November 2024

Pages for filing with Registrar

 

Condor Ventures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Condor Ventures Limited

Company Information

Directors

L A Errington

P V A Burose

A R W Davis

S A Prieto Klaber

Registered office

15 Cornwallis Crescent
Bristol
BS8 4PJ

Registered number

15276366

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Condor Ventures Limited

(Registration number: 15276366)
Balance Sheet as at 30 November 2024

Note

2024
£

Fixed assets

 

Investments

4

464,000

Current assets

 

Debtors

5

416,966

Cash at bank and in hand

 

139,899

 

556,865

Creditors: Amounts falling due within one year

6

(10,014)

Net current assets

 

546,851

Net assets

 

1,010,851

Capital and reserves

 

Called up share capital

7

100

Share premium reserve

1,216,950

Profit and loss account

(206,199)

Total equity

 

1,010,851

 

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:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Board on 6 August 2025 and signed on its behalf by:
 

.........................................

A R W Davis
Director

 

Condor Ventures Limited

Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 30 November 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Cornwallis Crescent
Bristol
BS8 4PJ
England

2

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

The financial statements contain information about Condor Ventures Limited as an individual company and do not contain consolidated financial information for its group. The company is entitled to take exemption from preparing consolidated accounts under Section 399(2) of the Companies Act 2006.

 

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Condor Ventures Limited

Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 30 November 2024

4

Investments

2024
£

Investments in subsidiaries

464,000

Details of undertakings

Details of the investments are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

Subsidiary undertakings

Brilliant Africa Limited

483 Green Lanes, London, England, N13 4BS

Ordinary

57.3%

 

     

Travel Navigator Limited

15 Cornwallis Crescent, Bristol, England, BS8 4PJ

Ordinary

82.5%

 

     

5

Debtors: amounts falling due within one year

Note

2024
£

Amounts owed by group undertakings

416,966

 

416,966


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

6

Creditors

2024
£

Amounts falling due within one year

Trade creditors

527

Taxation and social security

7,320

Other creditors

67

Accruals

2,100

10,014

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

A Ordinary of £1 each

50

50

B Ordinary of £1 each

50

50

 

100

100


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.