Situ Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04712812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

SITU VENTURES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N K Hammond

Mr J G W Hammond

REGISTERED OFFICE:

5 Design Centre East

Chelsea Harbour

London

SW10 0XF

REGISTERED NUMBER:

04712812 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Investments

4

101

101

CURRENT ASSETS

Debtors

5

548,086

559,230

Cash at bank

1,568

2,406

549,654

561,636

CREDITORS

Amounts falling due within one year

6

494,430

557,615

NET CURRENT ASSETS

55,224

4,021

TOTAL ASSETS LESS CURRENT LIABILITIES

55,325

4,122

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

8

55,125

3,922

SHAREHOLDERS' FUNDS

55,325

4,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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.

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

The financial statements were approved by the Board of Directors on 20 December 2018 and were signed on its behalf by:

Mr J G W Hammond - Director

1.	STATUTORY INFORMATION

Situ Ventures 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.

TURNOVER

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 May 2017

and 30 April 2018

101

Net book value

At 30 April 2018

101

At 30 April 2017

101

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by participating interests

547,400

547,400

Tax

-

1,556

VAT

686

280

Prepayments and accrued income

-

9,994

548,086

559,230

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

58

-

Other creditors

-

33,750

Amounts owed to subsidiary

164,026

52,919

Directors' current accounts

330,046

470,796

Accruals and deferred income

300

150

494,430

557,615

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

100

A Ordinary & B Ordinary

£1

100

100

200

200

8.

RESERVES

Retained

earnings

£

At 1 May 2017

3,922

Profit for the year

56,203

Dividends

(5,000

)

At 30 April 2018

55,125

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, there was an amount due to the directors, J W Hammond and N Hammond, of £325,046

(2017: £470,796).This is an interest free advance to the company and does not have a fixed date of repayment.

10.	ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company.