Venables & Sons Limited - Accounts to registrar (filleted) - small 22.3

Venables & Sons Limited - Accounts to registrar (filleted) - small 22.3

VENABLES & SONS LIMITED - Company Information

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REGISTERED NUMBER: 00660542











Financial Statements

for the Year Ended 30 April 2022

for

VENABLES & SONS LIMITED
VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENABLES & SONS LIMITED

Company Information
for the Year Ended 30 April 2022







DIRECTORS: Mrs G L Venables
Mr D G Venables





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 00660542





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY
Page 1
VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 678,950 678,950

CURRENT ASSETS
Cash at bank 243,874 223,237

CREDITORS
Amounts falling due within one year 5 141,928 74,647
NET CURRENT ASSETS 101,946 148,590
TOTAL ASSETS LESS CURRENT
LIABILITIES
780,896
827,540

PROVISIONS FOR LIABILITIES 3,777 3,777
NET ASSETS 777,119 823,763

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 16,104 16,104
Retained earnings 760,915 807,559
777,119 823,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 notes form part of these financial statements

Page 2 continued...
VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Balance Sheet - continued
30 April 2022


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 26 January 2023 and were signed on its behalf by:





Mr D G Venables - Director


The notes form part of these financial statements

Page 3
VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Venables & Sons Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

Page 4 continued...
VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 May 2021
and 30 April 2022 678,950
NET BOOK VALUE
At 30 April 2022 678,950
At 30 April 2021 678,950

Cost or valuation at 30 April 2022 is represented by:

Freehold
property
£   
Valuation in 2021 19,881
Cost 659,069
678,950

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Tax 8,073 6,660
Other creditors 43,500 -
Directors' current accounts 88,915 66,547
Accruals and deferred income 1,440 1,440
141,928 74,647

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:
Class:		 Nominal
value:
30.4.22
30.4.21
249 A Ordinary 10p 24.90 24.90
500 B Ordinary 10p 50.00 50.00
1 C Ordinary 10p 0.10 0.10
1 D Ordinary 10p 0.10 0.10
1 E Ordinary 10p 0.10 0.10
248 F Ordinary 10p 24.80 24.80
1,000.00 1,000.00

Page 5 continued...
VENABLES & SONS LIMITED (REGISTERED NUMBER: 00660542)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £88,915 (2021: £66,547), due and payable to the director. The amount is interest free and repayable on demand.

Page 6