REGISTERED NUMBER: 04612095 (England and Wales)

Ventura Law Limited

Unaudited Financial Statements for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr H Batra

Mrs S Batra

REGISTERED OFFICE:

St Mary's Court

The Broadway

Amersham

Bucks

HP7 0UT

REGISTERED NUMBER:

04612095 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

BANKERS:

HSBC

Harry Weston Road

Binley

Coventry

CV3 2SH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,811

5,081

3,811

5,081

CURRENT ASSETS

Work in progress

64,000

68,500

Debtors

6

474,007

443,359

Cash at bank

820,891

818,540

1,358,898

1,330,399

CREDITORS

Amounts falling due within one year

7

1,100,694

1,111,771

NET CURRENT ASSETS

258,204

218,628

TOTAL ASSETS LESS CURRENT LIABILITIES

262,015

223,709

CREDITORS

Amounts falling due after more than one year

8

(260,500

)

(220,367

)

PROVISIONS FOR LIABILITIES

(729

)

(965

)

NET ASSETS

786

2,377

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

686

2,277

SHAREHOLDERS' FUNDS

786

2,377

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

Mr H Batra - Director

Mrs S Batra - Director

1.	STATUTORY INFORMATION

Ventura Law 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

9,000

AMORTISATION

At 1 February 2024

and 31 January 2025

9,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

and 31 January 2025

31,797

DEPRECIATION

At 1 February 2024

26,716

Charge for year

1,270

At 31 January 2025

27,986

NET BOOK VALUE

At 31 January 2025

3,811

At 31 January 2024

5,081

6.

DEBTORS

31/1/25

31/1/24

£

£

Amounts falling due within one year:

Trade debtors

407,662

390,546

Other debtors

51,118

41,000

458,780

431,546

Amounts falling due after more than one year:

Other debtors

15,227

11,813

Aggregate amounts

474,007

443,359

Other debtors includes £45,118 (2024- £35,000) owed by the directors on which the company charges interest of 3% per annum.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

67,955

42,546

Trade creditors

820,891

818,540

Taxation and social security

175,718

235,065

Other creditors

36,130

15,620

1,100,694

1,111,771

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Other creditors

260,500

220,367