Company No: 10018111 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	R M Jameson
	M Nash

SECRETARY

H Thompson

REGISTERED OFFICE	68 Venn Street
	London
	SW4 0AX
	United Kingdom

COMPANY NUMBER

10018111 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	829		1,617
Investment property	4	5,755,000		5,755,000
		5,755,829		5,756,617
Current assets
Debtors	5	279,732		319,794
Cash at bank and in hand		32,156		31,012
		311,888		350,806
Creditors: amounts falling due within one year	6	( 3,891,322)		( 3,899,397)
Net current liabilities		(3,579,434)		(3,548,591)
Total assets less current liabilities		2,176,395		2,208,026
Creditors: amounts falling due after more than one year	7	( 3,175,467)		( 3,141,537)
Net liabilities		( 999,072)		( 933,511)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 999,172 )		( 933,611 )
Total shareholders' deficit		( 999,072)		( 933,511)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have 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 Venn Property Limited (registered number: 10018111) were approved and authorised for issue by the Board of Directors on 17 September 2025. They were signed on its behalf by:

R M Jameson 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

Venn Property 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 68 Venn Street, London, SW4 0AX, United Kingdom.

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

The financial statements have been prepared on a going concern basis. The parent company has confirmed that they will continue to financially support the company for at least 12 months from the date the accounts are approved.

Turnover

The company is a property investment company and therefore turnover represents rental income.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and the entity becomes entitled to the income under the tenancy agreements under the accruals basis. Turnover is shown net of value added tax, and is recognised evenly over the term of the lease.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery etc.

5 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

The directors, who are experienced property investment professionals, consider that the value of the investment property has not altered from the value as determined at the last reporting date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year	0		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	6,367		6,367
Additions	549		549
At 31 December 2024	6,916		6,916
Accumulated depreciation
At 01 January 2024	4,750		4,750
Charge for the financial year	1,337		1,337
At 31 December 2024	6,087		6,087
Net book value
At 31 December 2024	829		829
At 31 December 2023	1,617		1,617

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	5,755,000
As at 31 December 2024	5,755,000

5. Debtors

	2024		2023
	£		£
Trade debtors	78		7,459
Other debtors	279,654		312,335
	279,732		319,794

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	3,070		9,401
Amounts owed to group undertakings	3,881,820		3,881,820
Other creditors	6,432		8,176
	3,891,322		3,899,397

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	3,175,467		3,141,537

The bank loans are secured on freehold properties of the Company with a carrying value of £5,755,000 (2023: £5,755,000 ).