Ventura Sol Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08646923 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

VENTURA SOL LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

Mrs L C G Morgan

C E 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

FIXED ASSETS

Tangible assets

3

2,263,146

Investments

4

4,404

4,308

2,267,550

2,267,454

CURRENT ASSETS

Debtors

23,658

10,908

CREDITORS

Amounts falling due within one year

(2,265,403

)

(2,287,155

)

NET CURRENT LIABILITIES

(2,241,745

)

(2,276,247

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,805

(8,793

)

CAPITAL AND RESERVES

Called up share capital

5

2

Retained earnings

25,803

(8,795

)

SHAREHOLDERS' FUNDS

25,805

(8,793

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2017 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 on 27 June 2018 and were signed on its
behalf by:

Mrs L C G Morgan - Director

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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate

resources to continue in operating existence for the foreseeable future, despite the net liability position

of the company. The directors of the parent company, OTH Limited, have confirmed to the directors of

Ventura Sol Limited that the intercompany loan will not be recalled within 12 months of the signing of

the financial statements. The directors have considered the cash flow requirements over the

forthcoming 12 months from the date of approval of these financial statements and are confident that

sufficient positive cash flows will be generated. Taking this into consideration, the directors continue to

adopt the going concern basis in preparing the annual report and financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Ventura Sol Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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

Freehold property in tangible fixed assets is revalued every year.

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 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 statement of financial position date.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

and 30 September 2017

2,263,146

NET BOOK VALUE

At 30 September 2017

2,263,146

At 30 September 2016

2,263,146

The properties were valued professionally during the year to 30 September 2016. The directors

consider these valuations to remain valid at 30 September 2017.

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 October 2016

4,308

Exchange differences

96

At 30 September 2017

4,404

NET BOOK VALUE

At 30 September 2017

4,404

At 30 September 2016

4,308

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

2

Ordinary Shares

£1

2

6.	RELATED PARTY DISCLOSURES

OTH Limited, the company's immediate parent undertaking, and a company in which Mrs L C G

Morgan & C E Morgan are directors, provides working capital to the company. At the end of the year

the outstanding balance due to OTH Limited was £2,235,349 (2016 - £2,271,529). The advance is

unsecured; no terms of interest or repayment have been agreed, although the related party has agreed

not to withdraw its funding to the detriment of other unsecured creditors.

Cawdor Arms Limited, a fellow subsidiary company, and one in which Mrs L C G Morgan & C E

Morgan are directors, provides working capital to the company. At the end of the year the outstanding

balance due to Cawdor Arms Limited was £12,325 (2016 - £3,847). The advance is unsecured; no

terms of interest or repayment have been agreed, although the related party has agreed not to

withdraw its funding to the detriment of other unsecured creditors.

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 2017 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

27 June 2018

Ventura Sol Limited - Accounts to registrar (filleted) - small 18.1

Ventura Sol Limited - Accounts to registrar (filleted) - small 18.1