ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 13463395

B51 VENTURES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

B51 VENTURES LIMITED

REGISTERED NUMBER: 13463395

BALANCE SHEET

AS AT 31 DECEMBER 2023

	31 December	30 June
	2023	2022
Note	£	£

Fixed assets
Investments	4		170,682		60,931
			170,682		60,931
Current assets
Debtors: amounts falling due within one year	5	25,486		95,567
Cash at bank and in hand	6	4,206		15,029
		29,692		110,596

Creditors: amounts falling due within one year	7	(123,839)		(58,624)
Net current (liabilities)/assets			(94,147)		51,972

Net assets			76,535		112,903

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		76,435	112,803
		76,535	112,903

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B51 VENTURES LIMITED

REGISTERED NUMBER: 13463395

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 statement of comprehensive income 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:

J Dupe

Director

Date: 16 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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B51 VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

1.	General information

Dupe Ventures Limited is a private company, limited by share capital and incorporated in England and Wales. The company's registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, England, RG19 6AB.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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B51 VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

2.4

Taxation

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

2.5

Valuation of investments

Investments in associates are measured at fair value. They are translated into GBP at the year end exchange rate and the exchange rate gain or loss is charged to the profit and loss.

2.6

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.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term 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.

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B51 VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of finnacial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related to parties and investments in ordinary shares.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 1 (2022: 2).

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 July 2022	60,931
	Additions	108,064
	Foreign exchange movement	1,687
	At 31 December 2023	170,682

Debtors

					31 December	30 June
					2023	2022
					£	£


Amounts owed by associated undertakings	25,386	95,467
Other debtors	100	100
	25,486	95,567

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B51 VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

	Cash at bank and in hand	4,206	15,029

Trade creditors	-	357
Amounts owed to associates	-	10,170
Corporation tax	94,443	26,460
Other taxation and social security	16,716	21,637
Other creditors	12,680	-
	123,839	58,624

Allotted, called up and fully paid

100 (2022 - 100) Ordinary shares of £1.00 each	100	100

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