12 September 2024 false Taxfiler 2024.6 15952630 business:PrivateLimitedCompanyLtd 2024-09-12 2025-09-30 15952630 2024-09-11 15952630 2024-09-12 2025-09-30 15952630 business:AuditExemptWithAccountantsReport 2024-09-12 2025-09-30 15952630 business:FilletedAccounts 2024-09-12 2025-09-30 15952630 2025-09-30 15952630 business:Director1 2024-09-12 2025-09-30 15952630 business:Director2 2024-09-12 2025-09-30 15952630 business:RegisteredOffice 2024-09-12 2025-09-30 15952630 core:WithinOneYear 2025-09-30 15952630 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 15952630 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 15952630 core:PreviouslyStatedAmount 2025-09-30 15952630 business:SmallEntities 2024-09-12 2025-09-30 15952630 countries:EnglandWales 2024-09-12 2025-09-30 15952630 core:PlantMachinery 2024-09-12 2025-09-30 15952630 core:PlantMachinery 2024-09-11 15952630 core:PlantMachinery 2025-09-30 iso4217:GBP xbrli:pure
Company Registration No. 15952630 (England and Wales)
Venerable Times Ltd Unaudited accounts for the period from 12 September 2024 to 30 September 2025
Venerable Times Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Venerable Times Ltd Company Information for the period from 12 September 2024 to 30 September 2025
Directors
Tomasz Pelc Sophia Pelc
Company Number
15952630 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
Beacon Tax Solutions Ltd 20 Knavewood Road Kemsing Sevenoaks Kent TN15 6RH
- 3 -
Venerable Times Ltd Statement of financial position as at 30 September 2025
2025
Notes
£
Fixed assets
Tangible assets
4
5
Current assets
Inventories
186,348
Debtors
5
3,393
Cash at bank and in hand
1,831
191,572
Creditors: amounts falling due within one year
6
(191,837)
Net current liabilities
(265)
Net liabilities
(260)
Capital and reserves
Called up share capital
2
Profit and loss account
(262)
Shareholders' funds
(260)
For the period ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by
Tomasz Pelc Director Company Registration No. 15952630
- 4 -
Venerable Times Ltd Notes to the Accounts for the period from 12 September 2024 to 30 September 2025
1
Statutory information
Venerable Times Ltd is a private company, limited by shares, registered in England and Wales, registration number 15952630. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 12 September 2024 to 30 September 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 12 September 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line on Cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
- 5 -
Venerable Times Ltd Notes to the Accounts for the period from 12 September 2024 to 30 September 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 12 September 2024
-
Additions
7
At 30 September 2025
7
Depreciation
Charge for the period
2
At 30 September 2025
2
Net book value
At 30 September 2025
5
5
Debtors
2025
£
Amounts falling due within one year
Trade debtors
3,350
Accrued income and prepayments
43
3,393
6
Creditors: amounts falling due within one year
2025
£
Taxes and social security
35
Loans from directors
190,879
Accruals
923
191,837
7
Transactions with related parties
Included within creditors is a loan from a director of £190,879. This is interest free and repayable on demand.
8
Average number of employees
During the period the average number of employees was 0.
- 6 -