ACCOUNTS - Final Accounts

24 X 7 (VENTURES) LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31truetruetrue2017-01-01 09905698 2017-01-01 2017-12-31 09905698 2017-12-31 09905698 2016-12-31 09905698 c:Director1 2017-01-01 2017-12-31 09905698 d:CurrentFinancialInstruments 2017-12-31 09905698 d:CurrentFinancialInstruments 2016-12-31 09905698 d:Non-currentFinancialInstruments 2017-12-31 09905698 d:Non-currentFinancialInstruments 2016-12-31 09905698 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 09905698 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09905698 d:ShareCapital 2017-12-31 09905698 d:ShareCapital 2016-12-31 09905698 c:OrdinaryShareClass1 2017-01-01 2017-12-31 09905698 c:OrdinaryShareClass1 2017-12-31 09905698 c:EntityHasNeverTraded 2017-01-01 2017-12-31 09905698 c:FRS102 2017-01-01 2017-12-31 09905698 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 09905698 c:FullAccounts 2017-01-01 2017-12-31 09905698 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09905698

24 X 7 (VENTURES) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

24 X 7 (VENTURES) LIMITED

REGISTERED NUMBER: 09905698

BALANCE SHEET

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		4		4
			4		4

Creditors: amounts falling due within one year	5	(2)		(2)
Net current liabilities			(2)		(2)
Total assets less current liabilities			2		2

Net assets			2		2

Capital and reserves
Called up share capital	6	2	2
		2	2

For the year ended 31 December 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2018.

A T Mahoney

Director

The notes on pages 2 to 4 form part of these financial statements.

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24 X 7 (VENTURES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

24 x 7 (Ventures) Limited is a private Company limited by shares and incorporated in England within the United Kingdom. The address of the registered office is Magnolia Cottage, Green Street, Elsenham, Bishop's Stortford, Hertfordshire, CM22 6DS. The Company is not part of a group.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

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24 X 7 (VENTURES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	At 1 January 2017	4
	At 31 December 2017	4

	Net book value
	At 31 December 2017	4
	At 31 December 2016	4

Participating interests

Associates
Name	Country of incorporation	Class of shares	Holding	Principal activity

24 x 7 (Hants) Limited	England and Wales	Ordinary	50%	Transport for schools, special needs children and social care.
24 x 7 (Northants) Limited	England and Wales	Ordinary	50%	Transport for schools, special needs children and social care.
24 x 7 (Herts) Limited	England and Wales	Ordinary	50%	Transport for schools, special needs children and social care.
24 x 7 (Buckinghamshire) Limited	England and Wales	Ordinary	50%	Transport for schools, special needs children and social care.

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24 X 7 (VENTURES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Associates
	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

Name
24 x 7 (Hants) Limited	3,365	253,191
24 x 7 (Northants) Limited	105,775	55,949
24 x 7 (Herts) Limited	2	-
24 x 7 (Buckinghamshire) Limited	4,703	32,048
	113,845	341,188

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Other creditors	2	2
	2	2

6.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

2 Ordinary shares of £1 each	2	2

7.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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