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Registration number: 03473463

Venables Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Venables Properties Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Venables Properties Limited

(Registration number: 03473463)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,202,274 | 2,200,000
Current assets |  |  |
Debtors | 5 | 8,166 | 10,249
Cash at bank and in hand |  | 3 | 2
|  | 8,169 | 10,251
Creditors: Amounts falling due within one year | 6 | (1,128,518) | (1,185,513)
Net current liabilities |  | (1,120,349) | (1,175,262)
Net assets |  | 1,081,925 | 1,024,738
Capital and reserves |  |  |
Called up share capital | 7 | 280 | 280
Retained earnings |  | 1,081,645 | 1,024,458
Shareholders' funds |  | 1,081,925 | 1,024,738

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2026 and signed on its behalf by:

......................................... Mrs J Van Onselen Director

Venables Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
8-12 Turl Street
Oxford
OX1 3DQ

These financial statements were authorised for issue by the Board on 26 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, as in the opinion of the directors the company enjoys the continued support of its creditors.

Rent receivable

Rent receivable represents the total value of rental income receivable in the year.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Venables Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Depreciation

No depreciation is provided in respect of the freehold investment property. The directors consider that the accounting policy results in the accounts giving a true and fair view.

Asset class | Depreciation method and rate
Investment properties | Nil
Fixtures and fittings | 25% SL

Investment property

Investment property is included at fair value which is considered annually. Any aggregate surplus or deficit is transferred to a revaluation reserve, or where no such reserve exists, is written off to the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Venables Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Investment properties £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 December 2024 | 2,200,000 | 82,738 | 2,282,738
Additions | - | 3,032 | 3,032
At 30 November 2025 | 2,200,000 | 85,770 | 2,285,770
Depreciation
At 1 December 2024 | - | 82,738 | 82,738
Charge for the year | - | 758 | 758
At 30 November 2025 | - | 83,496 | 83,496
Carrying amount
At 30 November 2025 | 2,200,000 | 2,274 | 2,202,274
At 30 November 2024 | 2,200,000 | - | 2,200,000

Included within the net book value of land and buildings above is £2,200,000 (2024 - £2,200,000) in respect of freehold land and buildings.
The investment property was valued at 30th November 2025 at fair value by the directors. There was no valuation of investment property by an independent valuer.

Venables Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 7,276 | 5,497
Prepayments | 890 | 4,752
| 8,166 | 10,249

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 156 | -
Taxation and social security | 19,056 | 23,043
Other creditors | 1,109,306 | 1,162,470
| 1,128,518 | 1,185,513

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
'A' ordinary shares of £0.01 each | 21,560 | 216 | 21,560 | 216
'B' ordinary shares of £0.01 each | 6,440 | 64 | 6,440 | 64
| 28,000 | 280 | 28,000 | 280