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REGISTERED NUMBER: 07779632 (England and Wales)


Venerdi Ltd

Abridged Financial Statements

for the Year Ended 31 March 2024






Venerdi Ltd (Registered number: 07779632)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Venerdi Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr E Kaya





REGISTERED OFFICE: 606 Cassia Point
2 Glasshouse Gardens
London
E20 1HU





REGISTERED NUMBER: 07779632 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Venerdi Ltd (Registered number: 07779632)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 61,213 80,124
Investment property 5 1,354,500 1,354,500
1,415,713 1,434,624

CURRENT ASSETS
Debtors 6 114,569 565,025
Cash at bank and in hand 26,615 23,719
141,184 588,744
CREDITORS
Amounts falling due within one year 7 815,295 1,093,241
NET CURRENT LIABILITIES (674,111 ) (504,497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,602

930,127

CREDITORS
Amounts falling due after more than one
year

8

(374,063

)

(480,479

)

PROVISIONS FOR LIABILITIES 9 (9,653 ) (12,498 )
NET ASSETS 357,886 437,150

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 357,786 437,050
SHAREHOLDERS' FUNDS 357,886 437,150

Venerdi Ltd (Registered number: 07779632)

Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr E Kaya - Director


Venerdi Ltd (Registered number: 07779632)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Venerdi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Venerdi Ltd (Registered number: 07779632)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The company is dependent on the financial support from the director of the company and other companies in the group. The director expects that this support will continue. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 15 ) .

Venerdi Ltd (Registered number: 07779632)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 66,825 86,254 91,442
DEPRECIATION
At 1 April 2023 36,694 63,878 72,107
Charge for year 7,533 4,475 4,833
At 31 March 2024 44,227 68,353 76,940
NET BOOK VALUE
At 31 March 2024 22,598 17,901 14,502
At 31 March 2023 30,131 22,376 19,335

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 22,369 8,752 275,642
DEPRECIATION
At 1 April 2023 17,554 5,285 195,518
Charge for year 1,203 867 18,911
At 31 March 2024 18,757 6,152 214,429
NET BOOK VALUE
At 31 March 2024 3,612 2,600 61,213
At 31 March 2023 4,815 3,467 80,124

Venerdi Ltd (Registered number: 07779632)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 22,369
DEPRECIATION
At 1 April 2023 17,554
Charge for year 1,203
At 31 March 2024 18,757
NET BOOK VALUE
At 31 March 2024 3,612
At 31 March 2023 4,815

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,354,500
NET BOOK VALUE
At 31 March 2024 1,354,500
At 31 March 2023 1,354,500

Fair value at 31 March 2024 is represented by:
£   
Cost 1,354,500

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,354,500 1,354,500

Investment property was valued on a fair value basis on 31 March 2024 by the director .

Venerdi Ltd (Registered number: 07779632)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

In the opinion of the director, the property value has not changed from its cost

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,440
Amounts owed by group undertakings - 348,265
Other debtors 114,569 215,320
114,569 565,025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 106,417 106,416
Trade creditors 43,487 57,597
Amounts owed to group undertakings 380,752 400,526
Taxation and social security 2,301 214,644
Other creditors 282,338 314,058
815,295 1,093,241

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 374,063 480,479

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,653 12,498

Deferred
tax
£   
Balance at 1 April 2023 12,498
Credit to Statement of Income and Retained Earnings during year (2,845 )
Balance at 31 March 2024 9,653

Venerdi Ltd (Registered number: 07779632)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 437,050
Deficit for the year (79,264 )
At 31 March 2024 357,786

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

13. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to Una Bella Vita Ltd (a company related to key management personnel) at balance sheet date of £216,200 (2023: £216,200). No interest is charged on this balance and it is repayable on demand.

Included in other creditors are amounts owed to key management personnel at balance sheet date of £538 (2023: £45,308). No interest is charged on this balance and it is repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Romet Group Ltd.