The Venue (Leicester\ Ltd - Accounts to registrar (filleted) - small 18.2
The Venue (Leicester\ Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 |
| FOR |
| THE VENUE (LEICESTER\ LTD |
| THE VENUE (LEICESTER\ LTD (REGISTERED NUMBER: 07022325) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2019 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| THE VENUE (LEICESTER\ LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Hamilton Office Park |
| 31 High View Close |
| Leicester |
| LE4 9LJ |
| THE VENUE (LEICESTER\ LTD (REGISTERED NUMBER: 07022325) |
| BALANCE SHEET |
| 31 AUGUST 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 VENUE (LEICESTER\ LTD (REGISTERED NUMBER: 07022325) |
| BALANCE SHEET - continued |
| 31 AUGUST 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| THE VENUE (LEICESTER\ LTD (REGISTERED NUMBER: 07022325) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2019 |
| 1. | STATUTORY INFORMATION |
| The Venue (Leicester\ Ltd is a |
| 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 |
| Going Concern |
| The financial statements have been prepared on a going concern basis as the directors do not envisage |
| withdrawing their support and believe the company will have sufficient funds available to enable it to continue |
| trading for at least one year from signing the balance sheet. |
| 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 |
| Leasehold property improvements | - |
| Fixtures and fittings | - |
| Office equipment | - |
| TAXATION |
| Taxation for the year comprises current and deferred 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 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 year 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| THE VENUE (LEICESTER\ LTD (REGISTERED NUMBER: 07022325) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Fixtures |
| property | and | Office |
| improvements | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 September 2018 |
| and 31 August 2019 |
| Depreciation |
| At 1 September 2018 |
| Charge for year |
| At 31 August 2019 |
| Net book value |
| At 31 August 2019 |
| At 31 August 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Other creditors |
| THE VENUE (LEICESTER\ LTD (REGISTERED NUMBER: 07022325) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2019 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| 9. | RELATED PARTY DISCLOSURES |
| Mr. I A Mahomed is the father of the director, Mr Ayub Mahomed. At the balance sheet date, the amount due |
| to Mr I A Mahomed was £75,000 (2018 - £75,000). |
| The directors have loaned money to the company. The amount outstanding at the year end was £231,101 |
| (2018 - £255,101). The loans do not attract any interest. |
| The directors do not envisage withdrawing their support in the foreseeable future. |