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Registered number: 00867539
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 AUGUST 2025
| VENTURE TRANSPORT (HENDON) (1965) LIMITED
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
COMPANY INFORMATION
Directors | Mr J Thacker
| Mrs J Thacker
Registered number | 00867539
Registered office | 801 Kenton Lane
| Harrow Weald
| Middlesex
| HA3 6AH
Accountants | Menzies LLP
| Chartered Accountants
| Victoria House
| 50-58 Victoria Road
| Farnborough
| Hampshire
| GU14 7PG
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 12
VENTURE TRANSPORT (HENDON) (1965) LIMITED REGISTERED NUMBER:00867539 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 108,000 |  | 124,000
Tangible assets | 5 |  | 676,517 |  | 864,089
Investment property | 6 |  | 3,500,000 |  | 3,500,000
|  |  | 4,284,517 |  | 4,488,089
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 7 | 342,649 |  | 193,997 |
Debtors: amounts falling due within one year | 7 | 189,097 |  | 86,681 |
Cash at bank and in hand |  | 227,481 |  | 122,272 |
|  | 759,227 |  | 402,950 |
Creditors: amounts falling due within one year | 8 | (312,192) |  | (238,885) |
Net current assets |  |  | 447,035 |  | 164,065
Total assets less current liabilities |  |  | 4,731,552 |  | 4,652,154
Creditors: amounts falling due after more than one year | 9 |  | (75,528) |  | (140,694)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (582,367) |  | (597,619) |
|  |  | (582,367) |  | (597,619)
Net assets |  |  | 4,073,657 |  | 3,913,841
Page 1
VENTURE TRANSPORT (HENDON) (1965) LIMITED REGISTERED NUMBER:00867539 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 5,000 |  | 5,000
Investment property reserve |  |  | 1,884,784 |  | 1,884,784
Other reserves |  |  | 115,546 |  | 115,546
Profit and loss account |  |  | 2,068,327 |  | 1,908,511
|  |  | 4,073,657 |  | 3,913,841
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ Mr J Thacker
Director
Date: 6 May 2026
The notes on pages 3 to 12 form part of these financial statements. Page 2
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Venture Transport (Hendon) (1965) Limited is a private company limited by shares incorporated in the United Kingdom. The address of the registered office, which is also the principal place of business, is disclosed on the company information page. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. Page 3
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 4
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.7 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 33% | reducing balance
|  |  |  | Commercial vehicles | - | 9% | straight-line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. Page 5
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.10 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.12 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
3. | Employees
| The average monthly number of employees, including Directors, during the year was 9 (2024 -10).
Page 6
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 September 2024 | 160,000
| At 31 August 2025 | 160,000
| Amortisation |
| At 1 September 2024 | 36,000
| Charge for the year | 16,000
| At 31 August 2025 | 52,000
| Net book value |
| At 31 August 2025 | 108,000
| At 31 August 2024 | 124,000
Page 7
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. | Tangible fixed assets
|  | Plant and machinery | Commercial vehicles | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 September 2024 | 60,397 | 1,745,301 | 1,805,698
| Additions | 5,295 | 19,000 | 24,295
| Disposals | - | (274,174) | (274,174)
| At 31 August 2025 | 65,692 | 1,490,127 | 1,555,819
| Depreciation |  |  |
| At 1 September 2024 | 59,057 | 882,552 | 941,609
| Charge for the year | 1,475 | 104,612 | 106,087
| Disposals | - | (168,394) | (168,394)
| At 31 August 2025 | 60,532 | 818,770 | 879,302
| Net book value |  |  |
| At 31 August 2025 | 5,160 | 671,357 | 676,517
| At 31 August 2024 | 1,340 | 862,749 | 864,089
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Commercial vehicles | 72,095 | 126,548
Page 8
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 September 2024 | 3,500,000
| At 31 August 2025 | 3,500,000
The 2025 valuations were made by the Directors, on an open market value for existing use basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by related parties | 342,649 | 193,997
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | - | 41,530
| Other debtors | 29,514 | 19,026
| Prepayments and accrued income | 159,583 | 26,125
|  | 189,097 | 86,681
Page 9
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | - | 155
| Bank loans | 7,734 | 10,418
| Trade creditors | 143,513 | 6,265
| Corporation tax | 74,987 | 48,648
| Other taxation and social security | 5,713 | 7,205
| Obligations under finance lease and hire purchase contracts | 8,729 | 16,886
| Other creditors | 42,829 | 46,592
| Accruals and deferred income | 28,687 | 102,716
|  | 312,192 | 238,885
| Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 7,404
| Net obligations under finance leases and hire purchase contracts | 57,926 | 67,411
| Amounts owed to related parties | 2,020 | 47,547
| Accruals and deferred income | 15,582 | 18,332
|  | 75,528 | 140,694
| Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 7,734 | 10,418
| Amounts falling due 1-2 years |  |
| Bank loans | - | 7,404
|  | 7,734 | 17,822
Page 10
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 8,729 | 16,886
| Between 1-5 years | 57,926 | 67,411
|  | 66,655 | 84,297
12. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (597,619) | (592,754)
| Charged to profit or loss | 15,252 | (4,865)
| At end of year | (582,367) | (597,619)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (152,794) | (168,146)
| Potential capital gains tax on sale of investment property | (429,759) | (429,759)
| Accrued pensions | 186 | 286
|  | (582,367) | (597,619)
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 5,000 (2024 - 5,000) Ordinary shares of £1.00 each | 5,000 | 5,000
Page 11
VENTURE TRANSPORT (HENDON) (1965) LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. | Commitments under operating leases
| At 31 August 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 128,191 | 128,191
| Later than 1 year and not later than 5 years | 96,778 | 224,969
|  | 224,969 | 353,160
15. | Related party transactions
| The Company was charged £132,284 (2024 - £309,788) for coach hire, coach repairs and management charges by a related party, a company connected by virtue of common control. The Company also recharged £222,592 (2024 - £220,183) for coach hire to a related parly, a company connected by virtue of common control. Included in the balance for other debtors due over 1 year, is a balance owed from a connected company amounting to £130,753 (2024 owed to a connected company - £45,527), the Company is connected by virtue of common control. Included within other creditors is an amount due to a Director of £36,877 (2024: £40,627). Included in the balance for other debtors due in over 1 year, is a balance owed from a connected company amounting to £211,896 (2024 - £193,997), the Company is connected by virtue of common control.
16. | Controlling party
The immediate and ultimate parent company is Hillspoint Limited, a company registered in the United Kingdom and the ultimate controlling party is Mrs J Thacker who owns all the shares in Hillspoint Limited.
Page 12