REGISTERED NUMBER: 00702784 (England and Wales)

360 VENTURES LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

31ST DECEMBER 2023 TO 29TH DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Davies

S Duncombe

SECRETARY:

A K Davies

REGISTERED OFFICE:

60 Beaufort Street

Brynmawr

Ebbw Vale

Blaenau Gwent

NP23 4AE

REGISTERED NUMBER:

00702784 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

40,645

-

Investment property

5

3,227,380

3,417,380

3,268,025

3,417,380

CURRENT ASSETS

Debtors

6

3,653,277

3,602,180

Cash at bank and in hand

11,499

22,149

3,664,776

3,624,329

CREDITORS

Amounts falling due within one year

7

1,824,714

1,978,149

NET CURRENT ASSETS

1,840,062

1,646,180

TOTAL ASSETS LESS CURRENT LIABILITIES

5,108,087

5,063,560

CREDITORS

Amounts falling due after more than one year

8

(1,789,485

)

(1,850,987

)

PROVISIONS FOR LIABILITIES

(354,101

)

(361,109

)

NET ASSETS

2,964,501

2,851,464

CAPITAL AND RESERVES

Called up share capital

9

9,000

9,000

Fair value reserve

10

1,062,305

1,083,329

Retained earnings

1,893,196

1,759,135

SHAREHOLDERS' FUNDS

2,964,501

2,851,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2026 and were signed on its behalf by:

A K Davies - Director

1.	STATUTORY INFORMATION

360 Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

50,025

At 29th December 2024

50,025

DEPRECIATION

Charge for period

9,380

At 29th December 2024

9,380

NET BOOK VALUE

At 29th December 2024

40,645

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

50,025

At 29th December 2024

50,025

DEPRECIATION

Charge for period

9,380

At 29th December 2024

9,380

NET BOOK VALUE

At 29th December 2024

40,645

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31st December 2023

3,417,380

Disposals

(190,000

)

At 29th December 2024

3,227,380

NET BOOK VALUE

At 29th December 2024

3,227,380

At 30th December 2023

3,417,380

Fair value at 29th December 2024 is represented by:

£

Valuation in 2022

1,972,497

Valuation in 2023

1,444,883

Valuation in 2024

(190,000

)

3,227,380

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,719

16,497

Amounts owed from group

undertakings

2,503,627

2,549,851

Amounts owed from related

parties

23,318

44,286

Other loans

1,091,569

988,735

Prepayments

9,044

2,811

3,653,277

3,602,180

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,185

39,287

Hire purchase contracts

7,396

-

Trade creditors

2,243

6,752

Corporation Tax

94,969

132,699

Amounts owed to related parties

82,442

307,750

Other creditors

122,030

7,467

Other loans

677,000

677,000

Directors' current accounts

798,574

781,750

Accruals and deferred income

26,875

25,444

1,824,714

1,978,149

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

13,185

39,287

Bank loans - 2-5 years

1,737,736

1,811,700

Hire purchase contracts

38,564

-

1,789,485

1,850,987

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

9,000

Ordinary

£1

9,000

9,000

10.

RESERVES

Fair

value

reserve

£

At 31st December 2023

1,083,329

Fair Value adjustment

(28,032

)

Deferred tax

7,008

At 29th December 2024

1,062,305

11.	RELATED PARTY DISCLOSURES

At 31 December 2024, the company was owed £2,503,628 from companies within the group (2023 : £2,549,851).

At 31 December 2024 the company was owed £23,318 from other related companies (2023 : £44,286).