VENTURE OUTDOORS LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 10042656

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		10,667		11,667
Tangible Assets	5		47,471		57,336

			58,138		69,003
CURRENT ASSETS
Stocks		1,900		1,500
Debtors		2,215		539
Cash at bank and in hand		20,737		14,731

		24,852		16,770
Creditors: Amounts Falling Due Within One Year		(42,359 )		(43,316 )

NET CURRENT ASSETS (LIABILITIES)			(17,507 )		(26,546 )

TOTAL ASSETS LESS CURRENT LIABILITIES			40,631		42,457

Creditors: Amounts Falling Due After More Than One Year			(691 )		(7,278 )

NET ASSETS			39,940		35,179

CAPITAL AND RESERVES
Called up share capital	6		4		4
Profit and Loss Account			39,936		35,175

SHAREHOLDERS' FUNDS			39,940		35,179

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VENTURE OUTDOORS LIMITED

Abridged Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 director acknowledges his 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 26 May 2026 and were signed on its behalf by:

Mr Ian Sheldrake

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

VENTURE OUTDOORS LIMITED is a private company, limited by shares, incorporated in England & Wales.

The registered number is 10042656 .

The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.

Dividends paid to the directors are reported in the notes to the accounts.

There are no other related party transactions to report.

There are no contingent liabilities or post balance sheet events to report.

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 represents the addition of net fees receivable, and invoiced goods and services excluding Value Added Tax (VAT).

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised in equal annual instalments of £1,000 to the profit and loss account over a period of 20 years.

2.4. 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	10% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

No depreciation is provided in the year of acquisition.

2.5. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress has been valued at prime cost of labour and materials plus other direct expenses.

2.6. Accounting Reference Date

The accounting reference date has been shortened to 30 August.

These accounts are nevertheless for the year ended on 31 August 2025.

2.7. Comparative Figures

The comparative figures used throughout these accounts are as at 31 August 2024 or are for the year ended on that date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, who are employed under a contract of service during the year was: 1 (2024: 1)

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VENTURE OUTDOORS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 September 2024	20,000

As at 31 August 2025	20,000

Amortisation
As at 1 September 2024	8,333
Provided during the period	1,000

As at 31 August 2025	9,333

Net Book Value
As at 31 August 2025	10,667

As at 1 September 2024	11,667

5. Tangible Assets

	Total
	£
Cost
As at 1 September 2024	108,898
Additions	985

As at 31 August 2025	109,883

Depreciation
As at 1 September 2024	51,562
Provided during the period	10,850

As at 31 August 2025	62,412

Net Book Value
As at 31 August 2025	47,471

As at 1 September 2024	57,336

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
10 Ordinary A shares of £ 0.10 each	1	1
10 Ordinary B shares of £ 0.10 each	1	1
10 Ordinary C shares of £ 0.10 each	1	1
10 Ordinary D shares of £ 0.10 each	1	1

	4	4

On the 23 March 2023 the £1 B Ordinary Share and the £1 D Ordinary Share were converted into 10 10p B Ordinary Shares and 10 10p D Ordinary Shares.

On the 24 March 2023 the £1 A Ordinary Share and the £1 C Ordinary Share were converted into 10 10p A Ordinary Shares and 10 10p C Ordinary Shares.

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VENTURE OUTDOORS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

7. Pension Commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date contributions of £327 (2024 £201) were due to the fund and this amount is included in Other Creditors.

8. Related Party Transactions

Business Acquisition

Certain assets of the outdoor adventure business formerly run by the directors, Mr Ian Sheldrake and Mr Kevin Beattie were acquired by the Company on 1 April 2016 for a consideration of £50,878.

The difference between the consideration of £50,878 and fair value of the tangible assets acquired was £20,000 and is attributable to goodwill.

Wages

Payments totalling £Nil (2024 £1,262) were made in the year to Mr Matthew Sheldrake for outdoor event supervision. The transactions were set at normal commercial rates. Mr Matthew Sheldrake is the son of the director, Mr Ian Sheldrake

Payments totalling £1,237 (2024 £Nil) were made in the year to Jonathon Sheldrake for outdoor event supervision. The transactions were set at normal commercial rates. Mr Matthew Sheldrake is the son of the director, Mr Ian Sheldrake

9. Ultimate Controlling Party

The Company was controlled by Mr Ian Sheldrake and his wife, Mrs Ruth Sheldrake throughout the year. Each held 20 10p Ordinary Shares which together represented 100% of the issued share capital.

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