VEN4 Limited - Abbreviated accounts 16.3

VEN4 Limited - Abbreviated accounts 16.3

VEN4 LIMITED - Company Information

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09791095 23.9.15 31.12.16 31.12.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure097910952015-09-22097910952016-12-31097910952015-09-232016-12-31097910952015-09-2209791095ns12:England2015-09-232016-12-3109791095ns14:PoundSterling2015-09-232016-12-3109791095ns7:Director12015-09-232016-12-3109791095ns7:OrdinaryShareClass12015-09-232016-12-3109791095ns7:OrdinaryShareClass12016-12-31
REGISTERED NUMBER: 09791095 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

23 SEPTEMBER 2015 TO 31 DECEMBER 2016

FOR

VEN4 LIMITED

VEN4 LIMITED (REGISTERED NUMBER: 09791095)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 23 SEPTEMBER 2015 TO 31 DECEMBER 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

VEN4 LIMITED (REGISTERED NUMBER: 09791095)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2016

Notes £   
CURRENT ASSETS
Stocks 17,083,138
Debtors 128,286
Cash at bank 442,042
17,653,466
CREDITORS
Amounts falling due within one year 2 18,500,545
NET CURRENT LIABILITIES (847,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(847,079
)

CREDITORS
Amounts falling due after more than one
year
2
710,000
NET LIABILITIES (1,557,079 )

CAPITAL AND RESERVES
Called up share capital 3 200,000
Profit and loss account (1,757,079 )
SHAREHOLDERS' FUNDS (1,557,079 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 10 May 2017 and were signed on its behalf by:



R Taylor - Director


The notes form part of these abbreviated accounts

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VEN4 LIMITED (REGISTERED NUMBER: 09791095)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 23 SEPTEMBER 2015 TO 31 DECEMBER 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover is the total amount receivable by the company in relation to sales of property stock net of related
selling expenses.

Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value. Costs include overheads
which have been incurred in bringing the stock to its present location and condition. Net realisable value
represents sales value less appropriate selling costs.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at
the balance sheet date.

Going concern
At the balance sheet date, the company was in a net liability position having made a loss in its first period.
The company directors' have indicated that support will continue from the loan commitments to the date the
company sells its assets and repays those loan commitments. This is anticipated to be within 12 months, but
the lender has confirmed they will support the company to the date of sale.

2. CREDITORS

Creditors include an amount of £ 17,853,810 for which security has been given.

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
200,000 Ordinary £1 200,000

200,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4. ULTIMATE PARENT COMPANIES

The parent company is Vengrove Real Estate Management Limited, a company registered in England and
Wales. The directors of Vengrove Real Estate Management Limited do not consider there to be a single
controlling party.

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