REGISTERED NUMBER: SC225208 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Venidium Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms Z T Moran

Mr J L Smith

REGISTERED OFFICE:

75 Queen Street

Peterhead

Aberdeenshire

AB42 1TU

REGISTERED NUMBER:

SC225208 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

244,615

245,904

CURRENT ASSETS

Stocks

11,161

10,659

Debtors

5

1,589

2,356

Cash in hand

1,033

1,028

13,783

14,043

CREDITORS

Amounts falling due within one year

6

269,682

244,991

NET CURRENT LIABILITIES

(255,899

)

(230,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,284

)

14,956

CREDITORS

Amounts falling due after more than one year

7

21,062

20,951

NET LIABILITIES

(32,346

)

(5,995

)

CAPITAL AND RESERVES

Called up share capital

20

20

Other reserve

9

117,589

117,589

Retained earnings

9

(149,955

)

(123,604

)

SHAREHOLDERS' FUNDS

(32,346

)

(5,995

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Ms Z T Moran - Director

1.	STATUTORY INFORMATION

Venidium Limited is a private company, limited by shares , registered in Scotland. 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

At 30 November 2025, the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the shareholders.

Turnover

Turnover represents amounts receivable for services and goods provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furnishings and equipment

-

10% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost or valuation less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

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

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Furnishings

Freehold

and

Computer

property

equipment

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 December 2024

235,000

75,676

579

311,255

Disposals

-

(250

)

-

(250

)

At 30 November 2025

235,000

75,426

579

311,005

DEPRECIATION

At 1 December 2024

-

64,899

452

65,351

Charge for year

-

1,069

123

1,192

Eliminated on disposal

-

(153

)

-

(153

)

At 30 November 2025

-

65,815

575

66,390

NET BOOK VALUE

At 30 November 2025

235,000

9,611

4

244,615

At 30 November 2024

235,000

10,777

127

245,904

Freehold property is included at the fair value provided by the directors at 30 November 2025.

Cost or valuation at 30 November 2025 is represented by:

Furnishings

Freehold

and

Computer

property

equipment

equipment

Totals

£

£

£

£

Valuation in 2020

184,000

-

-

184,000

Valuation in 2022

(66,411

)

-

-

(66,411

)

Cost

117,411

75,426

579

193,416

235,000

75,426

579

311,005

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

618

-

Other debtors

-

26

Prepayments

971

2,330

1,589

2,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

44,830

47,060

Trade creditors

15,319

15,776

Social security and other taxes

1,262

741

VAT

23,405

13,944

Other creditors

38,802

27,763

Directors' current accounts

143,817

137,128

Accrued expenses

2,247

2,579

269,682

244,991

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

5,864

10,376

Bank loans - 2-5 years

15,198

10,575

21,062

20,951

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank overdrafts

39,173

39,385

Bank loans

26,719

28,626

65,892

68,011

Bank borrowings are secured by means of a standard security over the company's property and a bond and charge over all property and assets.

9.

RESERVES

Retained

Other

earnings

reserve

Totals

£

£

£

At 1 December 2024

(123,604

)

117,589

(6,015

)

Deficit for the year

(26,351

)

(26,351

)

At 30 November 2025

(149,955

)

117,589

(32,366

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms Z T Moran.