IRIS Accounts Production v25.2.0.378 13827566 director 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13827566 2024-01-31 13827566 2025-01-31 13827566 2024-02-01 2025-01-31 13827566 2023-01-31 13827566 2023-02-01 2024-01-31 13827566 2024-01-31 13827566 ns15:EnglandWales 2024-02-01 2025-01-31 13827566 ns14:PoundSterling 2024-02-01 2025-01-31 13827566 ns10:Director1 2024-02-01 2025-01-31 13827566 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13827566 ns10:SmallEntities 2024-02-01 2025-01-31 13827566 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13827566 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 13827566 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13827566 ns10:FullAccounts 2024-02-01 2025-01-31 13827566 ns10:RegisteredOffice 2024-02-01 2025-01-31 13827566 ns5:CurrentFinancialInstruments 2025-01-31 13827566 ns5:CurrentFinancialInstruments 2024-01-31 13827566 ns5:ShareCapital 2025-01-31 13827566 ns5:ShareCapital 2024-01-31 13827566 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 13827566 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 13827566 ns5:CostValuation 2024-01-31 13827566 ns5:AdditionsToInvestments 2025-01-31 13827566 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-01-31 13827566 ns5:CostValuation 2025-01-31 13827566 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 13827566 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31

REGISTERED NUMBER: 13827566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SHERET VENTURES LIMITED

| SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SHERET VENTURES LIMITED |

COMPANY INFORMATION

For The Year Ended 31 January 2025

| DIRECTOR: | A Sheret

| REGISTERED OFFICE: | c/o BAND

| 111 Charterhouse Street

| London

| EC1M 6AW

| REGISTERED NUMBER: | 13827566 (England and Wales)

| ACCOUNTANTS: | BAND Advisory Group Limited

| 111 Charterhouse Street

| London

| EC1M 6AW

| SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566) |

BALANCE SHEET

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 29,608 |  | 12,750 |  |

CURRENT ASSETS

Debtors | 5 | 3,784 |  | - |  |

Cash and cash equivalents | 284,069 |  | 281,472 |  |

287,853 |  | 281,472 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,953 |  | 4,716 |  |

NET CURRENT ASSETS | 280,900 |  | 276,756 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 310,508 |  | 289,506 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 310,507 |  | 289,505 |  |

310,508 |  | 289,506 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

A Sheret - Director

| SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Sheret Ventures Limited 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.

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.

| Turnover

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

| SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial instruments

| Recognition and measurement

| The Company enters into basic financial instrument transactions that result in the recognition of

| financial assets and liabilities like trade and other debtors and creditors and loans from banks.

| Debt instruments (other than those wholly repayable or receivable within one year), including

| loans and account receivables and payables, are initially measured at the transaction price

| (adjusted for transaction cost) and subsequently at amortised cost using the effective interest

| method. Debt instruments that are payable or receivable within one year, typically trade debtors

| and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash

| or other consideration expected to be paid or received. However, if the arrangement constitutes

| a financing transaction, such as a trade debtor or creditor on extended credit terms, initial

| measurement is at the present value of future cash flows discounted at a market rate of interest.

| Subsequent measurement is at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each

| reporting period for objective evidence of impairment. If such evidence is identified, an impairment

| loss is recognised in the statement of comprehensive income.

| For financial assets measured at amortised cost, the impairment loss is measured as the

| difference between carrying amount and the present value of estimated cash flows discounted

| at the original effective interest rate. If the financial instrument has a variable interest rate the

| currently effective rate under the contract is used.

| For financial assets measured at cost less impairment, the impairment loss is measured

| as the difference between an asset’s carrying amount and best estimate of the recoverable

| amount, which is an approximation of the amount that the Company would receive for the

| asset if it were to be sold at the reporting date. Financial assets and liabilities are offset, and

| the net amount reported in the statement of financial position when there is an enforceable

| right to set off the recognised amounts and there is an intention to settle on a net basis

| or to realise the asset and settle the liability simultaneously. At present, the Company has not

| offset any items.

| Derecognition

| A financial asset is derecognised only when:

| - the contractual rights to the cash flows from the financial asset expire or are settled; or

| - substantially all of the risks and rewards of ownership of the financial asset have been

| transferred to another party; or

| - when despite having retained some, but not substantially all, risks and rewards of

| ownership, control of the asset has been transferred to another party and the other

| party has the practical ability to sell the asset in its entirety to an unrelated third

| party and is able to exercise that ability unilaterally and without needing to impose

| additional restrictions on the transfer. In this case, the Company derecognises the asset

| and recognises separately any rights and obligations retained or created in the transfer.

| A financial liability is derecognised when the contract that gives rise to it is settled,

| sold, cancelled, or expires. Where an existing financial liability is replaced by another from

| SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| the same lender on substantially different terms, or the terms of an existing liability are

| substantially modified, such as an exchange or modification, this is treated as a derecognition

| of the original liability, such that the difference in the respective carrying amounts together

| with any costs or fees incurred are recognised in profit or loss.

| 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 six months from the date of acquisition and that

| are readily convertible to known amounts of cash with insignificant risk of change in value.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| SHERET VENTURES LIMITED (REGISTERED NUMBER: 13827566) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 January 2025

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 February 2024 | 12,750 |  |

| Additions | 16,750 |  |

| Revaluations | 108 |  |

| At 31 January 2025 | 29,608 |  |

| NET BOOK VALUE

| At 31 January 2025 | 29,608 |  |

| At 31 January 2024 | 12,750 |  |

| Cost or valuation at 31 January 2025 is represented by:

| Other

| investments

£ |

| Cost | 29,608 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,784 |  | - |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 1,679 |  |

| Taxation and social security | 4,927 |  | 1,057 |  |

| Other creditors | 2,026 |  | 1,980 |  |

6,953 |  | 4,716 |  |