Company Registration No. 03986311 (England and Wales)
Venus Building Company Limited
Unaudited accounts
for the year ended 31 May 2021
Venus Building Company Limited
Unaudited accounts
Contents
Venus Building Company Limited
Company Information
for the year ended 31 May 2021
Directors
V M Soteriou
E M Soteriou
S M Soteriou
Company Number
03986311 (England and Wales)
Registered Office
Larks Rise Gower Lane
Woodcroft
Chepstow
Gloucestershire
NP16 7PZ
Accountants
A K Tax Consultant Limited
18 Oakwood Road
Henleaze
Bristol
BS9 4NR
Venus Building Company Limited
Statement of financial position
as at
31 May 2021
Tangible assets
405,175
405,110
Cash at bank and in hand
6,811
12,706
Creditors: amounts falling due within one year
(8,329)
(8,613)
Net current (liabilities)/assets
(18)
4,217
Total assets less current liabilities
405,157
409,327
Creditors: amounts falling due after more than one year
(5,658)
-
Net assets
399,499
409,327
Called up share capital
1,000
1,000
Revaluation reserve
160,000
160,000
Profit and loss account
238,499
248,327
Shareholders' funds
399,499
409,327
For the year ending 31 May 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2021 and were signed on its behalf by
V M Soteriou
Director
Company Registration No. 03986311
Venus Building Company Limited
Notes to the Accounts
for the year ended 31 May 2021
Venus Building Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03986311. The registered office is Larks Rise Gower Lane, Woodcroft, Chepstow, Gloucestershire, NP16 7PZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Tangible fixed assets include investment property on an existing open market value basis.
Plant & machinery
25% on reducing balance method
Computer equipment
33.33% on straight line basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2020
405,000
125
155
405,280
At 31 May 2021
405,000
283
155
405,438
At 1 June 2020
-
118
52
170
Charge for the year
-
41
52
93
At 31 May 2021
-
159
104
263
At 31 May 2021
405,000
124
51
405,175
At 31 May 2020
405,000
7
103
405,110
Valuation carried out by Andrew Forbes Chartered Valuation Surveyors on 20 June 2017 in accordance with the RCIS Valuation - Professional Standards January 2014 (Red Book).
Venus Building Company Limited
Notes to the Accounts
for the year ended 31 May 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
124
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
5,880
6,482
Other creditors
1,400
1,050
Loans from directors
145
212
7
Creditors: amounts falling due after more than one year
2021
2020
Taxes and social security
5,658
-
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).