VENTURESOME INVESTMENTS LTD

VENTURESOME INVESTMENTS LTD

VENTURESOME INVESTMENTS LTD - Company Information

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VENTURESOME INVESTMENTS LTD

Company Registration Number:
11240760 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 1 April 2020

End date: 31 March 2021

VENTURESOME INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Additional notes
Balance sheet notes

VENTURESOME INVESTMENTS LTD

Balance sheet

As at 31 March 2021

Notes 2021 2020


£
£
Fixed assets
Investments: 3 188,326 132,467
Total fixed assets: 188,326 132,467
Current assets
Cash at bank and in hand: 33,531 9,881
Total current assets: 33,531 9,881
Creditors: amounts falling due within one year: 4 ( 302,818 ) ( 227,097 )
Net current assets (liabilities): (269,287) (217,216)
Total assets less current liabilities: (80,961) ( 84,749)
Total net assets (liabilities): (80,961) (84,749)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (80,962 ) (84,750 )
Total Shareholders' funds: ( 80,961 ) (84,749)

The notes form part of these financial statements

VENTURESOME INVESTMENTS LTD

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 February 2022
and signed on behalf of the board by:

Name: Mr A Kaszubowski
Status: Director

The notes form part of these financial statements

VENTURESOME INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Valuation information and policy

    Fixed asset investments (where shares are publicly traded or their fair value is reliably measured) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

VENTURESOME INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 0 0

VENTURESOME INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Fixed assets investments note

The total value of fixed asset investments at 31 March 2021 was £188,326 (2020: £132,467).

VENTURESOME INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due within one year note

2021 2020
£ £
Taxation and social security 22
Accruals and deferred income 1,400 700
Other creditors 301,396 226,397
Total 302,818 227,097

Included within Other Creditors is a loan from Greenlaw Limited (a company controlled by the director). The total amount due to Greenlaw Limited at 31 March 2021 was £301,396 (2020: £226,397).