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Registered number: 10042656
VENTURE OUTDOORS LIMITED
ABRIDGED Financial Statements
For The Year Ended 31 August 2024
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 10042656
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,667 12,667
Tangible Assets 5 57,336 57,522
69,003 70,189
CURRENT ASSETS
Stocks 1,500 1,570
Debtors 539 4,959
Cash at bank and in hand 14,731 15,436
16,770 21,965
Creditors: Amounts Falling Due Within One Year (43,316 ) (55,576 )
NET CURRENT ASSETS (LIABILITIES) (26,546 ) (33,611 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,457 36,578
Creditors: Amounts Falling Due After More Than One Year (7,278 ) (7,750 )
NET ASSETS 35,179 28,828
CAPITAL AND RESERVES
Called up share capital 6 4 4
Profit and Loss Account 35,175 28,824
SHAREHOLDERS' FUNDS 35,179 28,828
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 16 June 2025 and were signed on its behalf by:
Mr Ian Sheldrake
Director
16 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
VENTURE OUTDOORS LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 10042656 .
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
Dividends paid to the directors are reported in the notes to the accounts.
There are no other related party transactions to report.
There are no contingent liabilities or post balance sheet events to report.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the addition of net fees receivable, and invoiced goods and services excluding Value Added Tax (VAT).
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised in equal annual instalments of £1,000 to the profit and loss account over a period of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible Fixed Assets are stated at cost less accumulated depreciation. 
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.
Freehold 10% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
No depreciation is provided in the year of acquisition.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress has been valued at prime cost of labour and materials plus other direct expenses.
2.6. Accounting Reference Date
The accounting reference date has been shortened to 30 August.
These accounts are nevertheless for the year ended on 31 August 2024.
2.7. Comparative Figures
The comparative figures used throughout these accounts are as at 31 August 2023 or are for the year ended on that date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, who are employed under a contract of service during the year was: 1 (2023: NIL)
1 -
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4. Intangible Assets
Total
£
Cost
As at 1 September 2023 20,000
As at 31 August 2024 20,000
Amortisation
As at 1 September 2023 7,333
Provided during the period 1,000
As at 31 August 2024 8,333
Net Book Value
As at 31 August 2024 11,667
As at 1 September 2023 12,667
5. Tangible Assets
Total
£
Cost
As at 1 September 2023 107,083
Additions 18,464
Disposals (16,649 )
As at 31 August 2024 108,898
Depreciation
As at 1 September 2023 49,561
Provided during the period 10,836
Disposals (8,835 )
As at 31 August 2024 51,562
Net Book Value
As at 31 August 2024 57,336
As at 1 September 2023 57,522
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary A shares of £ 0.10 each 1 1
10 Ordinary B shares of £ 0.10 each 1 1
10 Ordinary C shares of £ 0.10 each 1 1
10 Ordinary D shares of £ 0.10 each 1 1
4 4
On the 23 March 2023 the £1 B Ordinary Share and the £1 D Ordinary Share were converted into 10 10p B Ordinary Shares and 10 10p D Ordinary Shares.
On the 24 March 2023 the £1 A Ordinary Share and the £1 C Ordinary Share were converted into 10 10p A Ordinary Shares and 10 10p C Ordinary Shares.
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7. Pension Commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date contributions of £201 (2023 £Nil) were due to the fund and this amount is included in Other Creditors.
8. Related Party Transactions
Business Acquisition
Certain assets of the outdoor adventure business formerly run by the directors, Mr Ian Sheldrake and Mr Kevin Beattie were acquired by the Company on 1 April 2016 for a consideration of £50,878.
The difference between the consideration of £50,878 and fair value of the tangible assets acquired was £20,000 and is attributable to goodwill.
Wages
Payments totalling £1,262 (2023 £Nil)  were made in the year to Mr Matthew Sheldrake for outdoor event supervision. The transactions were set at normal commercial rates. Mr Matthew Sheldrake is the son of the director, Mr Ian Sheldrake
9. Ultimate Controlling Party
The Company was controlled by Mr Ian Sheldrake and his wife, Mrs Ruth Sheldrake throughout the year. From 1 September 2023 to 25 March 2024 each held 15 10p Ordinary Shares representing 75% of the issued share capital. From 26 March 2024 to 31 August 2024 each held 20 10p Ordinary Shares representing 100% of the issued share capital.
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