VENN LIFE SCIENCES UK LIMITED

VENN LIFE SCIENCES UK LIMITED - Company Information

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Company Registration Number:
08071621 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

Contents of the Financial Statements

for the Period Ended 31 December 2017


Balance sheet
Notes

Balance sheet

As at 31 December 2017

	Notes	2017	2016
		£	£
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	0	99
Investments:		0	0
Total fixed assets:		0	99
Current assets
Stocks:		0	0
Debtors:	4	568,258	561,210
Cash at bank and in hand:		142	6,440
Investments:		0	0
Total current assets:		568,400	567,650
Creditors: amounts falling due within one year:		0	0
Net current assets (liabilities):		568,400	567,650
Total assets less current liabilities:		568,400	567,749
Creditors: amounts falling due after more than one year:	5	(1,101,226)	(1,056,795)
Provision for liabilities:		0	0
Total net assets (liabilities):		(532,826)	(489,046)
Capital and reserves
Called up share capital:		1	1
Share premium account:		0	0
Revaluation reserve:		0	0
Other reserves:		0	0
Profit and loss account:		(532,827)	(489,047)
Shareholders funds:		(532,826)	(489,046)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

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

This report was approved by the board of directors on 05 June 2018
and signed on behalf of the board by:

Name: Tony Richardson
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

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

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

	2017	2016
Average number of employees during the period	1	2

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

	Total
Cost	£
At 01 January 2017	4,810
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2017	4,810
Depreciation
At 01 January 2017	4,711
Charge for year	99
On disposals	0
Other adjustments	0
At 31 December 2017	4,810
Net book value
At 31 December 2017	0
At 31 December 2016	99

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Debtors

	2017	2016
	£	£
Debtors due after more than one year:	0	0

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Creditors: amounts falling due after more than one year note

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Related party transactions

Name of the related party:	VLS Ltd
Relationship:	Group Companies
Description of the Transaction:	Intercompany Transactions
£
Balance at 01 January 2017		222,297
Balance at 31 December 2017		245,022

Name of the related party:	VLS France Sarl
Relationship:	Group Companies
Description of the Transaction:	Intercompany Transactions
£
Balance at 01 January 2017		16,815
Balance at 31 December 2017		19,570

Name of the related party:	VLS Ireland Ltd
Relationship:	Group Companies
Description of the Transaction:	Intercompany Transactions
£
Balance at 01 January 2017		742,876
Balance at 31 December 2017		882,258

Name of the related party:	VLS PLC
Relationship:	Group Companies
Description of the Transaction:	Intercompany Transactions
£
Balance at 01 January 2017		1,254
Balance at 31 December 2017		1,413

Name of the related party:	VLS NI Ltd
Relationship:	Group Companies
Description of the Transaction:	Intercompany Transactions
£
Balance at 01 January 2017		3,523
Balance at 31 December 2017		26,105

Name of the related party:	VLS Netherlands BV
Relationship:	Group Companies
Description of the Transaction:	Intercompany Transactions
£
Balance at 01 January 2017		282
Balance at 31 December 2017		912

VENN LIFE SCIENCES UK LIMITED