Colmore Capital Ventures Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10781954

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	305,162		231,895
Cash at bank and in hand		120,990		120,991

		426,152		352,886
Creditors: Amounts Falling Due Within One Year	5	(136,015 )		(131,372 )

NET CURRENT ASSETS (LIABILITIES)			290,137		221,514

TOTAL ASSETS LESS CURRENT LIABILITIES			290,137		221,514

PROVISIONS FOR LIABILITIES
Deferred Taxation	6		(34,835 )		(21,305 )

NET ASSETS			255,302		200,209

CAPITAL AND RESERVES
Called up share capital	7		100		100
Fair value reserve	8		104,505		63,916
Profit and Loss Account			150,697		136,193

SHAREHOLDERS' FUNDS			255,302		200,209

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

On behalf of the board

Mr David Corridan

Director

23rd September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Colmore Capital Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10781954 . The registered office is 3b Tournament Court, Edgehill Drive , Tournament Fields, Warwick, CV34 6LG.

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. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Debtors

	2024	2023
	£	£
Due within one year
Corporation tax recoverable assets	3,058	-
Due after more than one year
Amounts owed by joint-ventures	302,104	231,895

	305,162	231,895

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	-	5,961
Other related party creditor	133,274	124,005
Accruals and deferred income	2,741	1,406

	136,015	131,372

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Colmore Capital Ventures Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Deferred Taxation

The provision for deferred taxation is related to investment property revaluations in the parties of a joint venture.

	2024	2023
	£	£
Other timing differences	34,835	21,305

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	63,916
Transfer to profit and loss	40,589

As at 31 December 2024	104,505

9. Related Party Transactions

At 31 December 2024, an amount of £65,958 (2023: £65,958) was owed by the company to an entity under control of one of the directors. This loan is interest bearing at a rate of 5%, with interest accrued as of 31 December 24 of £61,115 (2023: £57,809). During the year, £3,3077 was charged as interest (2023: £8,946).

At 31 December 2024, £6,200 (2023: £240) was owed by the company to entities under control of one of the directors. This amount is interest free and repayable on demand.

At 31 December 2024, amounts of £47,397 (2023: £43,633) were owed by parties of a joint venture. These amounts are interest bearing at a rate of 10%, with interest accrued as of 31 December 2024 of £9,862 (2023: £6,098). There was interest charged during the year of £3,764 (2023: £9,542).

At 31 December 2024, amounts of £252,222 (2023: £185,778) were owed by parties of a joint venture. These amounts are interest free and repayable on demand.

10. Controlling Party

The company is jointly controlled by D R Corridan and M A C Fitzpatrick.

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