Venetian Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05313095

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		362,734		362,734

			362,734		362,734
CURRENT ASSETS
Debtors	5	1,544		1,290
Cash at bank and in hand		96,548		130,828

		98,092		132,118
Creditors: Amounts Falling Due Within One Year	6	(107,278 )		(141,956 )

NET CURRENT ASSETS (LIABILITIES)			(9,186 )		(9,838 )

TOTAL ASSETS LESS CURRENT LIABILITIES			353,548		352,896

Creditors: Amounts Falling Due After More Than One Year	7		(310,802 )		(310,802 )

NET ASSETS			42,746		42,094

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			42,744		42,092

SHAREHOLDERS' FUNDS			42,746		42,094

Page 1

Page 2

Venetian Properties Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 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

Ms Louise Williams Director	Mr Christopher Short Director
28/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Venetian Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05313095 . The registered office is 2 Hallam Court, Hallam Road, Clevedon, North Somerset, BS21 7SG.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

No depreciation is provided on freehold land

2.4. Taxation

The corporation tax expense represents the sum of the tax currently payable without providing for 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.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

Page 3

Page 4

Venetian Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 May 2024	362,734

As at 30 April 2025	362,734

Net Book Value
As at 30 April 2025	362,734

As at 1 May 2024	362,734

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,544	1,290

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	388	5,936
Rent deposit on 14a Hill Road, Clevedon	2,608	2,608
Accruals and deferred income	792	756
Directors' loan accounts	103,490	132,656

	107,278	141,956

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	310,802	310,802

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

Page 4