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Registration number: 08569118

Severals Ventures Ltd
Unaudited Filleted Financial Statements
for the Year Ended 5 April 2025

Severals Ventures Ltd

(Registration number: 08569118)
Balance Sheet as at 5 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 1,835 | 2,570
Current assets |  |  |
Stocks | 4 | 14,000 | 14,000
Debtors | 5 | 39,549 | 9,211
Cash at bank and in hand |  | 67,217 | 93,731
|  | 120,766 | 116,942
Creditors: Amounts falling due within one year | 6 | (34,224) | (33,399)
Net current assets |  | 86,542 | 83,543
Net assets |  | 88,377 | 86,113
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Retained earnings |  | 88,373 | 86,109
Shareholders' funds |  | 88,377 | 86,113

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities.
These financial statements were approved and authorised for issue by the director on 2 April 2026

.........................................

Mr R J A Dent

Company secretary and director

Severals Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1 | Accounting policies

Statutory information

Severals Ventures Ltd is a private company, limited by shares, domiciled in England and Wales, company number 08569118. The registered office is at 5 Sidings Court, White Rose Way, , Doncaster, DN4 5NU.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Severals Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

1 | Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% straight line
Fixtures & fittings | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2024 - 24).

Severals Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

3 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 6 April 2024 | 14,600 | 4,817 | 19,417
At 5 April 2025 | 14,600 | 4,817 | 19,417
Depreciation
At 6 April 2024 | 12,603 | 4,244 | 16,847
Charge for the year | 499 | 236 | 735
At 5 April 2025 | 13,102 | 4,480 | 17,582
Carrying amount
At 5 April 2025 | 1,498 | 337 | 1,835
At 5 April 2024 | 1,997 | 573 | 2,570

4 | Stocks

| 2025 £ | 2024 £
Other inventories | 14,000 | 14,000

5 | Debtors

Current | 2025 £ | 2024 £
Amounts owed by related parties | 39,549 | 9,211
| 39,549 | 9,211

Severals Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 3,735 | 2,073
Taxation and social security | 17,133 | 19,623
Accruals and deferred income | 1,501 | 3,120
Other creditors | 11,855 | 8,583
| 34,224 | 33,399