Venture Court Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10687506 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

23 MARCH 2017 TO 31 DECEMBER 2017

FOR

VENTURE COURT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J Mansour

REGISTERED OFFICE:

177 Shafresbury Avenue

London

WC2H 8JR

REGISTERED NUMBER:

10687506 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investments

3

947,001

CURRENT ASSETS

Debtors

4

166,900

Cash at bank

18,669

185,569

CREDITORS

Amounts falling due within one year

5

1,440

NET CURRENT ASSETS

184,129

TOTAL ASSETS LESS CURRENT LIABILITIES

1,131,130

CREDITORS

Amounts falling due after more than one year

6

1,131,000

NET ASSETS

130

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

129

SHAREHOLDERS' FUNDS

130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 25 September 2018 and were signed by:

J Mansour - Director

1.	STATUTORY INFORMATION

Venture Court 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

947,001

At 31 December 2017

947,001

NET BOOK VALUE

At 31 December 2017

947,001

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

166,900

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

1,440

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,131,000

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,131,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,131,000

The bank loan was secured by way of a fixed and floating charge and contains a negative pledge.

8.	RELATED PARTY DISCLOSURES

At 31 December 2017, included in debtors is an amount of £166,900 owed by companies in which J Mansour is

also a director.

During the year, the company received dividends amounting to £88,000 from a wholly owned subsidiary. The

company paid dividends amounting to £26,000 to its immediate parent company.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mayfield Land Limited.

The ultimate controlling party is J Mansour.

10.	CHANGE OF ACCOUNTING PERIOD END

The company's accounting period end was shortened by 3 months so as to end on 31 December 2017.