Ventura Sol Limited - Accounts to registrar (filleted) - small 23.1.2

Ventura Sol Limited - Accounts to registrar (filleted) - small 23.1.2

VENTURA SOL LIMITED - Company Information

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REGISTERED NUMBER: 08646923 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

VENTURA SOL LIMITED
Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX








VENTURA SOL LIMITED (REGISTERED NUMBER: 08646923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

VENTURA SOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: Mrs L C G Morgan
C E Morgan





SECRETARY: Mrs L C G Morgan





REGISTERED OFFICE: Cawdor Hotel
72 Rhosmaen Street
Llandeilo
Swansea
SA19 6EN





REGISTERED NUMBER: 08646923 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX
Page 1
VENTURA SOL LIMITED (REGISTERED NUMBER: 08646923)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2022

30.9.22 30.9.21
Notes £    £   
FIXED ASSETS
Investments 4 4,388 4,295

CURRENT ASSETS
Debtors 16,484 40,502
Cash at bank 28,992 10,732
45,476 51,234
CREDITORS
Amounts falling due within one year (1,734 ) (8,534 )
NET CURRENT ASSETS 43,742 42,700
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,130
46,995

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 48,128 46,993
SHAREHOLDERS' FUNDS 48,130 46,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2023 and were signed on its behalf by:




Mrs L C G Morgan - Director


The notes form part of these financial statements

Page 2
VENTURA SOL LIMITED (REGISTERED NUMBER: 08646923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Ventura Sol 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point of reservation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
VENTURA SOL LIMITED (REGISTERED NUMBER: 08646923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2021 4,295
Exchange differences 93
At 30 September 2022 4,388
NET BOOK VALUE
At 30 September 2022 4,388
At 30 September 2021 4,295

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £    £   
2 Ordinary Shares £1 2 2

6. RELATED PARTY DISCLOSURES

OTH Limited, the company's immediate parent undertaking, and a company in which Mrs L C G Morgan and C E Morgan are both directors, provides working capital to the company. At the end of the year the outstanding balance due to OTH Limited was £nil (2021: £1,321). The advance is interest-free, unsecured and repayable on demand.

Cawdor Estates Ltd, a fellow subsidiary company, and one in which Mrs L C G Morgan and C E Morgan are both directors, provides working capital to the company. At the end of the year the outstanding balance due to the fellow subsidiary company was £nil (2021: £319). The advance is interest-free, unsecured and repayable on demand.

Venturasol Unipessoal LDA, a wholly-owned subsidiary company registered in Portugal, has been provided with working capital. At the end of the year the outstanding balance due from Venturasol Unipessoal LDA was £16,484 (2021: £16,484). The advance is interest-free, unsecured and repayable on demand.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VENTURA SOL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ventura Sol Limited for the year ended 30 September 2022 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ventura Sol Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ventura Sol Limited and state those matters that we have agreed to state to the Board of Directors of Ventura Sol Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ventura Sol Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ventura Sol Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ventura Sol Limited. You consider that Ventura Sol Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ventura Sol Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


Date: .............................................

This page does not form part of the statutory financial statements

Page 5