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Company Registration No. 11015098 (England and Wales)
Covarius Group Limited Unaudited accounts for the year ended 31 December 2021
Covarius Group Limited Unaudited accounts Contents
Page
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Covarius Group Limited Company Information for the year ended 31 December 2021
Directors
Gareth List Andrew Marshall James Bateman
Company Number
11015098 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Covarius Group Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,229 
16,970 
Investments
127,640 
127,640 
155,869 
144,610 
Current assets
Debtors
1,087,567 
621,420 
Cash at bank and in hand
26,040 
6,414 
1,113,607 
627,834 
Creditors: amounts falling due within one year
(252,316)
(261,693)
Net current assets
861,291 
366,141 
Net assets
1,017,160 
510,751 
Capital and reserves
Called up share capital
335 
335 
Share premium
89,201 
89,201 
Profit and loss account
927,624 
421,215 
Shareholders' funds
1,017,160 
510,751 
For the year ending 31 December 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 22 August 2022 and were signed on its behalf by
Gareth List Director Company Registration No. 11015098
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Covarius Group Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Covarius Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11015098. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
5,293 
24,584 
29,877 
Additions
8,258 
10,095 
18,353 
At 31 December 2021
13,551 
34,679 
48,230 
Depreciation
At 1 January 2021
3,060 
9,847 
12,907 
Charge for the year
2,623 
4,471 
7,094 
At 31 December 2021
5,683 
14,318 
20,001 
Net book value
At 31 December 2021
7,868 
20,361 
28,229 
At 31 December 2020
2,233 
14,737 
16,970 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2021
127,640 
Valuation at 31 December 2021
127,640 
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Covarius Group Limited Notes to the Accounts for the year ended 31 December 2021
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Amounts due from group undertakings etc.
1,067,063 
598,926 
Accrued income and prepayments
11,884 
9,264 
Other debtors
8,620 
13,230 
1,087,567 
621,420 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
36,472 
8,511 
Amounts owed to group undertakings and other participating interests
217,682 
263,961 
Taxes and social security
(2,241)
689 
Other creditors
9,982 
2,291 
Loans from directors
(14,541)
(13,759)
Accruals
4,962 
- 
252,316 
261,693 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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