Venisonute Limited - Period Ending 2019-03-31

Registration number: 01409650

Venisonute Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Newsham Hanson Accountants Limited
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

Venisonute Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Venisonute Limited

Company Information

Directors

A A Calvert F P Veyron J G A Dainty E L Jones G J Simons

Company secretary

S J Dunn

Registered office

Edinburgh House Six Ways Clevedon North Somerset BS21 7NP

Accountants

Newsham Hanson Accountants Limited Chartered Certified Accountants Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS21 7NP

Page 1

Venisonute Limited

(Registration number: 01409650)
Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	1,011	1,011
Current assets
Cash at bank and in hand		2,534	10,980
Creditors: Amounts falling due within one year	4	(3,540)	(11,986)
Net current liabilities		(1,006)	(1,006)
Net assets		5	5
Capital and reserves
Called up share capital	5	5	5
Total equity		5	5

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

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 Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 October 2019 and signed on its behalf by:
 

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

A A Calvert
Director

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

Page 2

Venisonute Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Edinburgh House
Six Ways
Clevedon
North Somerset
BS21 7NP

The principal place of business is:
15 Elton Road
Clevedon
North Somerset
BS21 7RG

These financial statements were authorised for issue by the Board on 29 October 2019.

2	Accounting policies

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 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.

Revenue recognition

Turnover represents amounts chargeable in respect of the maintenance fee contributions by leaseholders.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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.

Page 3

Venisonute Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2018	1,011	1,011
At 31 March 2019	1,011	1,011
Depreciation
Carrying amount
At 31 March 2019	1,011	1,011
At 31 March 2018	1,011	1,011

Included within the net book value of land and buildings above is £1,011 (2018 - £1,011) in respect of long leasehold land and buildings.
 

4

Creditors

Creditors: amounts falling due within one year

	Note	2019 £	2018 £
Due within one year
Other creditors		3,540	11,986

Page 4

Venisonute Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	5	5	5	5

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