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REGISTERED NUMBER: SC747567 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Venice Swans Ltd

Venice Swans Ltd (Registered number: SC747567)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Venice Swans Ltd

Company Information
For The Year Ended 31 March 2025







DIRECTOR: R Swan





SECRETARY: Miss L Frame





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC747567 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Venice Swans Ltd (Registered number: SC747567)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,585 22,489

CURRENT ASSETS
Debtors 5 3,336 2,664
Cash at bank 9,342 17,568
12,678 20,232
CREDITORS
Amounts falling due within one year 6 22,428 31,207
NET CURRENT LIABILITIES (9,750 ) (10,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,835

11,514

CREDITORS
Amounts falling due after more than one year 7 (2,125 ) (10,625 )

PROVISIONS FOR LIABILITIES 8 (345 ) (267 )
NET ASSETS 365 622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 265 522
SHAREHOLDERS' FUNDS 365 622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Venice Swans Ltd (Registered number: SC747567)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





R Swan - Director


Venice Swans Ltd (Registered number: SC747567)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Venice Swans Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on cost and 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Venice Swans Ltd (Registered number: SC747567)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 1,200 83 31,407 828 33,518
Additions - - - 1,398 1,398
At 31 March 2025 1,200 83 31,407 2,226 34,916
DEPRECIATION
At 1 April 2024 240 - 10,334 455 11,029
Charge for year 240 23 10,303 736 11,302
At 31 March 2025 480 23 20,637 1,191 22,331
NET BOOK VALUE
At 31 March 2025 720 60 10,770 1,035 12,585
At 31 March 2024 960 83 21,073 373 22,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 164 -
Other debtors 3,172 2,664
3,336 2,664

Venice Swans Ltd (Registered number: SC747567)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Finance leases 8,500 8,500
Trade creditors 6 -
Taxation and social security 8,624 9,976
Other creditors 5,298 12,731
22,428 31,207

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Finance leases 2,125 10,625

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 345 267

Deferred
tax
£   
Balance at 1 April 2024 267
Provided during year 78
Balance at 31 March 2025 345