Sheffield Co-operative Ventures Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01825396

Sheffield Co-operative Ventures Limited

Company Limited by Guarantee

Filleted Financial Statements

31 March 2025

Sheffield Co-operative Ventures Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	5	32,147	12,352

Current assets

Investments	6	2,872	6,145
Cash at bank and in hand		97,379	128,465
		---------	---------
		100,251	134,610

Creditors: amounts falling due within one year	7	1,548	1,476
		---------	---------
Net current assets		98,703	133,134
		---------	---------
Total assets less current liabilities		130,850	145,486
		---------	---------

Capital and reserves

Capital Fund	112,043	112,043
Grant Reserve Fund	18,807	33,443
	---------	---------
Members funds	130,850	145,486
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

C J Beatty
Director

Company registration number: 01825396

Sheffield Co-operative Ventures Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Aizlewood's Mill, Nursery Street, Sheffield, South Yorkshire, S3 8GG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Company limited by guarantee

The company is a company limited by guarantee, and as such every member of the company undertakes to contribute such an amount as may be required, but not exceeding £1, to the company's assets if it should be wound up while he/she is a member, or within one year after he/she ceases to be a member of the company, for payment of the company's debts and liabilities contracted before he/she ceased to be a member and of the costs, charges and expenses of the winding up and for the adjustment of the rights of the contributories among themselves.

5. Investments

	Other investments
	£
Cost
At 1 April 2024	12,352
Additions	48,750
Repayments net of interest charged	( 13,288)
Transfer to current asset investments	3,273
	-------
At 31 March 2025	51,087
	-------
Impairment
At 1 April 2024	–
Impairment losses	18,940
	-------
At 31 March 2025	18,940
	-------

Carrying amount
At 31 March 2025	32,147
	-------
At 31 March 2024	12,352
	-------

6. Investments

	2025	2024
	£	£
Other investments	2,872	6,145
	------	------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	1,548	1,476
	------	------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	132,398	146,962
	---------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	1,548	1,476
	------	------

9. Summary audit opinion

The auditor's report dated 17 September 2025 was unqualified .

The senior statutory auditor was Julie Curtis FCA , for and on behalf of Allen, West and Foster Limited .