Company registration number 11275465 (England and Wales)
ADIVO PROPERTY SERVICES UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
ADIVO PROPERTY SERVICES UK LIMITED
COMPANY INFORMATION
Director
S Aka
Company number
11275465
Registered office
Kings Head House
15 London End
Beaconsfield
United Kingdom
HP9 2HN
Accountants
Grunberg & Co Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
ADIVO PROPERTY SERVICES UK LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
ADIVO PROPERTY SERVICES UK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
582
1,165
Current assets
Debtors
4
50,968
2,706,895
Cash at bank and in hand
1,255
334
52,223
2,707,229
Creditors: amounts falling due within one year
5
(2,349)
(2,643,841)
Net current assets
49,874
63,388
Net assets
50,456
64,553
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
50,356
64,453
Total equity
50,456
64,553

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 25 September 2023
S Aka
Director
Company Registration No. 11275465
ADIVO PROPERTY SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information

Adivo Property Services UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kings Head House, 15 London End, Beaconsfield, United Kingdom, HP9 2HN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33.33% on straight line method
1.3
Financial instruments

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

 

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

 

Debtors

Basic financial assets, including trade and other debtors are measured at transaction price, less any impairment.

 

Cash and cash equivalents

Cash and cash equivalents represented by cash in hand and deposits held at call with financial institutions, are measured at amortized cost.

 

Creditors

Basic financial liabilities, including trade and other creditors, are recognised at transaction price.

ADIVO PROPERTY SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
1
1
3
Tangible fixed assets
Computers
£
Cost
At 1 January 2022 and 31 December 2022
1,748
Depreciation and impairment
At 1 January 2022
583
Depreciation charged in the year
583
At 31 December 2022
1,166
Carrying amount
At 31 December 2022
582
At 31 December 2021
1,165
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
48,524
2,705,769
Other debtors
2,444
1,126
50,968
2,706,895
5
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
-
0
21,950
Other creditors
-
0
2,619,541
Accruals and deferred income
2,349
2,350
2,349
2,643,841
ADIVO PROPERTY SERVICES UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
6
RELATED PARTY DISCLOSURES

Amounts owed to and by group undertakings are interest free and repayable on demand.

 

Additionally, included within creditors is an amount owed to the director which is interest free and repayable on

demand.

 

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