Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-302021-10-01falseManagement consultancy activities other than financial management33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07621973 2021-10-01 2022-09-30 07621973 2020-10-01 2021-09-30 07621973 2022-09-30 07621973 2021-09-30 07621973 c:Director1 2021-10-01 2022-09-30 07621973 d:MotorVehicles 2021-10-01 2022-09-30 07621973 d:MotorVehicles 2022-09-30 07621973 d:MotorVehicles 2021-09-30 07621973 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 07621973 d:FurnitureFittings 2021-10-01 2022-09-30 07621973 d:OfficeEquipment 2021-10-01 2022-09-30 07621973 d:OfficeEquipment 2022-09-30 07621973 d:OfficeEquipment 2021-09-30 07621973 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 07621973 d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 07621973 d:CurrentFinancialInstruments 2022-09-30 07621973 d:CurrentFinancialInstruments 2021-09-30 07621973 d:Non-currentFinancialInstruments 2022-09-30 07621973 d:Non-currentFinancialInstruments 2021-09-30 07621973 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 07621973 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 07621973 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 07621973 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 07621973 d:UKTax 2021-10-01 2022-09-30 07621973 d:UKTax 2020-10-01 2021-09-30 07621973 d:ShareCapital 2022-09-30 07621973 d:ShareCapital 2021-09-30 07621973 d:SharePremium 2022-09-30 07621973 d:SharePremium 2021-09-30 07621973 d:CapitalRedemptionReserve 2022-09-30 07621973 d:CapitalRedemptionReserve 2021-09-30 07621973 d:RetainedEarningsAccumulatedLosses 2022-09-30 07621973 d:RetainedEarningsAccumulatedLosses 2021-09-30 07621973 c:OrdinaryShareClass1 2021-10-01 2022-09-30 07621973 c:OrdinaryShareClass1 2022-09-30 07621973 c:OrdinaryShareClass1 2021-09-30 07621973 c:OrdinaryShareClass2 2021-10-01 2022-09-30 07621973 c:OrdinaryShareClass2 2022-09-30 07621973 c:OrdinaryShareClass2 2021-09-30 07621973 c:OrdinaryShareClass3 2021-10-01 2022-09-30 07621973 c:OrdinaryShareClass3 2022-09-30 07621973 c:OrdinaryShareClass3 2021-09-30 07621973 c:FRS102 2021-10-01 2022-09-30 07621973 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 07621973 c:FullAccounts 2021-10-01 2022-09-30 07621973 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 07621973 d:HirePurchaseContracts d:WithinOneYear 2022-09-30 07621973 d:HirePurchaseContracts d:WithinOneYear 2021-09-30 07621973 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-09-30 07621973 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-09-30 07621973 2 2021-10-01 2022-09-30 07621973 6 2021-10-01 2022-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07621973









REVIVE CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022

 
REVIVE CAPITAL LIMITED
REGISTERED NUMBER: 07621973

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
56,535
75,380

Investments
 6 
250
115,250

  
56,785
190,630

Current assets
  

Debtors: amounts falling due after more than one year
 7 
200,000
200,000

Debtors: amounts falling due within one year
 7 
1,385,758
1,803,789

Cash at bank and in hand
 8 
65,193
508,147

  
1,650,951
2,511,936

Creditors: amounts falling due within one year
 9 
(104,468)
(721,461)

Net current assets
  
 
 
1,546,483
 
 
1,790,475

Total assets less current liabilities
  
1,603,268
1,981,105

Creditors: amounts falling due after more than one year
 10 
(11,041)
(35,338)

  

Net assets
  
1,592,227
1,945,767


Capital and reserves
  

Called up share capital 
 12 
565
565

Share premium account
  
194,935
194,935

Capital redemption reserve
  
435
435

Profit and loss account
  
1,396,292
1,749,832

  
1,592,227
1,945,767


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
Page 1

 
REVIVE CAPITAL LIMITED
REGISTERED NUMBER: 07621973
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2022


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2023.




S J Burnop Esq
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

Revive Capital Limited is a limited company, registered in England and Wales (company number: 07621973). The address of the registered office is First Floor, 73-81 Southwark Bridge Road, London, England, SE1 0NQ. The principal activity of the company is that of restructuring and funding of under-performing and distressed UK mid-market and SME enterprises.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Motor vehicles
-
25.00%
Reducing Method
Fixtures & fittings
-
33.33%
straight line
Office equipment
-
33.33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 5

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4.


Taxation


2022
2021
£
£

Corporation tax


Current tax on profits for the year
816
-


816
-


Group tax subvention charge
-
14,112


Total current tax
816
14,112

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2021 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 6

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2021
126,954
2,301
129,255



At 30 September 2022

126,954
2,301
129,255



Depreciation


At 1 October 2021
51,574
2,301
53,875


Charge for the year on owned assets
18,845
-
18,845



At 30 September 2022

70,419
2,301
72,720



Net book value



At 30 September 2022
56,535
-
56,535



At 30 September 2021
75,380
-
75,380


6.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 October 2021
100,000
15,250
115,250


Disposals
(100,000)
(15,000)
(115,000)



At 30 September 2022
-
250
250




Page 7

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

7.


Debtors

2022
2021
£
£

Due after more than one year

Other debtors
200,000
200,000

200,000
200,000


2022
2021
£
£

Due within one year

Trade debtors
1,484
2,242

Other debtors
1,384,274
1,801,547

1,385,758
1,803,789



8.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
65,193
508,147

65,193
508,147



9.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
19,258
-

Amounts owed to group undertakings
-
14,891

Corporation tax
816
-

Other taxation and social security
4,213
5,939

Obligations under finance lease and hire purchase contracts
26,273
29,464

Other creditors
49,408
666,667

Accruals and deferred income
4,500
4,500

104,468
721,461


Page 8

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

10.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Net obligations under finance leases and hire purchase contracts
11,041
35,338

11,041
35,338



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
26,273
29,465

Between 1-5 years
11,041
35,338

37,314
64,803


12.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



325 (2021 - 325) Ordinary 'A' shares of £1.00 each
325
325
175 (2021 - 175) Ordinary 'B' shares of £1.00 each
175
175
65 (2021 - 65) Ordinary 'C' shares of £1.00 each
65
65

565

565


Page 9

 
REVIVE CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

13.


Director's benefits: Advances, credit and guarantees

At the year end a director owed the company £391,483 (2021: £397,447). The loan was repaid post year end by way of a dividend.


14.


Related party transactions

Included within trade debtors is a balance of £1,484 (2021: £2,242) due from a company in which the company has a participating interest.

 
Page 10