Company No: 12985085 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		355,430
		0		355,430
Current assets
Debtors	4	0		869
Cash at bank and in hand		166		3,834
		166		4,703
Creditors: amounts falling due within one year	5	( 44,410)		( 452,476)
Net current liabilities		(44,244)		(447,773)
Total assets less current liabilities		(44,244)		(92,343)
Provision for liabilities		0		( 25,581)
Net liabilities		( 44,244)		( 117,924)
Capital and reserves
Called-up share capital	6	2		2
Profit and loss account		( 44,246 )		( 117,926 )
Total shareholder's deficit		( 44,244)		( 117,924)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Venture Holiday Lettings Limited (registered number: 12985085) were approved and authorised for issue by the Board of Directors on 01 September 2025. They were signed on its behalf by:

Mr C W McNulty Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Venture Holiday Lettings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Unit 1, Ruby Farm, Two Mile Oak,, Newton Abbot, TQ12 5NQ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – Small Entities. The financial statements have not been prepared on a going concern basis.

The company ceased trading in January 2025. In February 2025, the remaining assets were transferred to a fellow group undertaking as part of a group restructuring. As a result, the directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis.

Accordingly, the financial statements have been prepared on a break-up basis. Under this basis, assets are stated at their estimated net realisable value and liabilities are stated at the amounts expected to be settled. Any resulting adjustments arising from this change in basis have been reflected in these financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when significant risks and rewards are considered to have been transferred to the buyer. Turnover from services are recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	20 years straight line
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		2

3. Tangible assets

	Land and buildings		Vehicles		Total
	£		£		£
Cost
At 01 February 2024	345,880		58,000		403,880
Disposals	( 345,880)		( 58,000)		( 403,880)
At 31 January 2025	0		0		0
Accumulated depreciation
At 01 February 2024	33,950		14,500		48,450
Disposals	( 33,950)		( 14,500)		( 48,450)
At 31 January 2025	0		0		0
Net book value
At 31 January 2025	0		0		0
At 31 January 2024	311,930		43,500		355,430

4. Debtors

	2025		2024
	£		£
Trade debtors	0		393
Prepayments	0		476
	0		869

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	6,674		567
Amounts owed to Group undertakings	36,161		450,409
Accruals	1,575		1,500
	44,410		452,476

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

7. Ultimate controlling party

Parent Company:

Timberventure Holdings Limited

Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, United Kingdom, TQ2 7FF.