Venture 37 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06233261 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2020

for

Venture 37 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Janiyan

REGISTERED OFFICE:

Unit 9, Coalbrook House

Freshfield Business Park

Stevenson Road

Brighton

East Sussex

BN2 0DF

REGISTERED NUMBER:

06233261 (England and Wales)

ACCOUNTANTS:

Clarke Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

4

217

290

CURRENT ASSETS

Debtors

5

325

325

CREDITORS

Amounts falling due within one year

6

79,681

76,715

NET CURRENT LIABILITIES

(79,356

)

(76,390

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(79,139

)

(76,100

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

(79,141

)

(76,102

)

SHAREHOLDERS' FUNDS

(79,139

)

(76,100

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 March 2021 and were signed by:

S Janiyan - Director

1.	STATUTORY INFORMATION

Venture 37 Limited 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.

Turnover

Turnover represents net invoiced sales of services. The company is not registered for value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2019

and 31 May 2020

7,574

DEPRECIATION

At 1 June 2019

7,284

Charge for year

73

At 31 May 2020

7,357

NET BOOK VALUE

At 31 May 2020

217

At 31 May 2019

290

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

250

250

Other debtors

75

75

325

325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans and overdrafts

328

881

Credit card

-

1,563

Director's current account

78,964

73,731

Accrued expenses

389

540

79,681

76,715

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

2

Ordinary £1

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 June 2019

(76,102

)

Deficit for the year

(3,039

)

At 31 May 2020

(79,141

)

9.	GOING CONCERN

The company's ability to trade is dependent upon the support of its director. Should this support cease to be forthcoming, fixed assets would be reclassified as current assets and restated at recoverable amounts, current assets restated at recoverable amounts and creditors falling due in more than one year restated as current. As there is no intention to withdraw support, the financial statements have been prepared on a going concern basis.

10.	CONTROLLING PARTY

The company was controlled by its director, S Janiyan, throughout the year.