Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-312025-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-06-01falseNo description of principal activity22falsetruefalse SC699664 2024-06-01 2025-05-31 SC699664 2023-06-01 2024-05-31 SC699664 2025-05-31 SC699664 2024-05-31 SC699664 c:Director2 2024-06-01 2025-05-31 SC699664 c:Director3 2024-06-01 2025-05-31 SC699664 c:RegisteredOffice 2024-06-01 2025-05-31 SC699664 d:OfficeEquipment 2024-06-01 2025-05-31 SC699664 d:OfficeEquipment 2025-05-31 SC699664 d:OfficeEquipment 2024-05-31 SC699664 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 SC699664 d:ComputerSoftware 2025-05-31 SC699664 d:ComputerSoftware 2024-05-31 SC699664 d:OtherResidualIntangibleAssets 2024-06-01 2025-05-31 SC699664 d:CurrentFinancialInstruments 2025-05-31 SC699664 d:CurrentFinancialInstruments 2024-05-31 SC699664 d:Non-currentFinancialInstruments 2025-05-31 SC699664 d:Non-currentFinancialInstruments 2024-05-31 SC699664 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 SC699664 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC699664 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 SC699664 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC699664 d:ShareCapital 2025-05-31 SC699664 d:ShareCapital 2024-05-31 SC699664 d:RetainedEarningsAccumulatedLosses 2025-05-31 SC699664 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC699664 c:OrdinaryShareClass1 2024-06-01 2025-05-31 SC699664 c:OrdinaryShareClass1 2025-05-31 SC699664 c:OrdinaryShareClass1 2024-05-31 SC699664 c:OrdinaryShareClass2 2024-06-01 2025-05-31 SC699664 c:OrdinaryShareClass2 2025-05-31 SC699664 c:OrdinaryShareClass2 2024-05-31 SC699664 c:FRS102 2024-06-01 2025-05-31 SC699664 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC699664 c:FullAccounts 2024-06-01 2025-05-31 SC699664 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC699664 d:WithinOneYear 2025-05-31 SC699664 d:WithinOneYear 2024-05-31 SC699664 d:BetweenOneFiveYears 2025-05-31 SC699664 d:BetweenOneFiveYears 2024-05-31 SC699664 d:ComputerSoftware d:OwnedIntangibleAssets 2024-06-01 2025-05-31 SC699664 e:PoundSterling 2024-06-01 2025-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC699664










VENTERS PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

 
VENTERS PROPERTY LIMITED
 

COMPANY INFORMATION


Directors
Mr G Venters 
Mrs L K Cullen 




Registered number
SC699664



Registered office
Park Place Business Hub
2 Park Place

Kirkcaldy

Scotland

KY1 1XL




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
VENTERS PROPERTY LIMITED
REGISTERED NUMBER: SC699664

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025

2025
2024
£
£

Fixed assets
  

Intangible assets
 4 
2,827
3,871

Tangible assets
 5 
225
405

  
3,052
4,276

Current assets
  

Debtors: amounts falling due within one year
 6 
21,869
26,023

Cash at bank and in hand
  
4,725
4,521

  
26,594
30,544

Creditors: amounts falling due within one year
 7 
(12,874)
(18,423)

Net current assets
  
 
 
13,720
 
 
12,121

Total assets less current liabilities
  
16,772
16,397

Creditors: amounts falling due after more than one year
  
(100,564)
(100,564)

  

Net liabilities
  
(83,792)
(84,167)


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
(83,992)
(84,367)

  
(83,792)
(84,167)


Page 1

 
VENTERS PROPERTY LIMITED
REGISTERED NUMBER: SC699664

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs L K Cullen
Director

Date: 6 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
VENTERS PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

1.


General information

Venters Property Limited is a private Company, limited by shares, in Scotland with registration number SC699664. The registered office address is Park Place Business Hub, 2 Park Place, Kirkcaldy, Scotland, KY1 1XL.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding, the company has net liabilities of £83,792. Based on cash flow forecasts prepared, the directors believe the company has sufficient working capital for it to continue trading for at least 12 months from the date the financial statements are approved.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
VENTERS PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
5
years

Page 4

 
VENTERS PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5

 
VENTERS PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

4.


Intangible assets




Computer software

£



Cost


At 1 June 2024
5,221



At 31 May 2025

5,221



Amortisation


At 1 June 2024
1,350


Charge for the year on owned assets
1,044



At 31 May 2025

2,394



Net book value



At 31 May 2025
2,827



At 31 May 2024
3,871




5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2024
900



At 31 May 2025

900



Depreciation


At 1 June 2024
495


Charge for the year on owned assets
180



At 31 May 2025

675



Net book value



At 31 May 2025
225



At 31 May 2024
405

Page 6

 
VENTERS PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

6.


Debtors

2025
2024
£
£


Trade debtors
284
6,226

Prepayments and accrued income
1,924
-

Deferred taxation
19,661
19,797

21,869
26,023



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
2,450
9,118

Other taxation and social security
4,746
3,468

Accruals and deferred income
5,678
5,837

12,874
18,423



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
100,564
100,564

100,564
100,564



9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) X shares of £1.00 each
100
100
100 (2024 - 100) Y shares of £1.00 each
100
100

200

200

Page 7

 
VENTERS PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

10.


Commitments under operating leases

At 31 May 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
20,212
22,020

Later than 1 year and not later than 5 years
11,790
34,865

32,002
56,885


Page 8