Company No:
Contents
DIRECTOR | DR M M Peters |
REGISTERED OFFICE | The Cleeves |
The Fooks | |
Nailsworth | |
Stroud | |
Glos | |
GL6 0PA | |
United Kingdom | |
COMPANY NUMBER | 05730233(England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
10 Temple Back | |
Bristol | |
BS1 6FL |
30.11.2020 | 30.11.2019 | |||
Note | £ | £ | ||
Fixed assets | ||||
Tangible assets | 3 |
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0 | 3,071 | |||
Current assets | ||||
Debtors |
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Cash at bank and in hand |
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132,128 | 585,098 | |||
Creditors | ||||
Amounts falling due within one year | 4 | (
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Net current assets | 90,441 | 576,866 | ||
Total assets less current liabilities | 90,441 | 579,937 | ||
Net assets |
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Reserves | ||||
Profit and loss account |
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Total reserves |
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Director's responsibilities:
The financial statements of Venus Education Limited (registered number:
DR M M Peters
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period.
Venus Education Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Cleeves, The Fooks, Nailsworth, Stroud, Glos, GL6 0PA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Venus Education Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Motor vehicles - 25% reducing balance
Fixtures and fittings - 3 years straight line
Computer equipment - 3 years straight line
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Year ended 30.11.2020 |
Period from 01.06.2019 to 30.11.2019 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Vehicles | Fixtures and fittings | Computer equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 December 2019 |
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At 30 November 2020 |
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Accumulated depreciation | |||||||
At 01 December 2019 |
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Charge for the financial year |
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Disposals | (
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At 30 November 2020 |
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Net book value | |||||||
At 30 November 2020 |
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At 30 November 2019 |
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30.11.2020 | 30.11.2019 | ||
£ | £ | ||
Other creditors |
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Corporation tax |
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The company is a private company limited by guarantee and consequently does not have any share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
30.11.2020 | 30.11.2019 | ||
£ | £ | ||
Write off of an intercompany loan | (443,326) | 0 |
The exceptional costs have arise as a result of writing off an intercompany loan.