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Registration number: 12798085

Multiversal Ventures Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Multiversal Ventures Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 5

Notes to the Unaudited Financial Statements

4

 

Multiversal Ventures Ltd

Company Information

Director

Mr Ignacio Martinez

Registered office

Finchley Park
Emmet Hill Lane
Laddingford
Kent
ME18 6BG

 

Multiversal Ventures Ltd

Director's Report for the Year Ended 31 March 2023

The director presents his report and the financial statements for the year ended 31 March 2023.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Director of the company

The director who held office during the year was as follows:

Mr Ignacio Martinez

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 October 2023
 

.........................................
Mr Ignacio Martinez
Director

 

Multiversal Ventures Ltd

(Registration number: 12798085)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

1,123

15,440

Current assets

73,773

26,223

Prepayments and accrued income

363

23,392

Creditors: Amounts falling due within one year

(38,539)

(49,209)

Net current assets

35,597

406

Total assets less current liabilities

36,720

15,846

Accruals and deferred income

(1,400)

(1,400)

 

35,320

14,446

Capital and reserves

35,320

14,446

 

Multiversal Ventures Ltd

(Registration number: 12798085)
Balance Sheet as at 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Finchley Park
Emmet Hill Lane
Laddingford
Kent
ME18 6BG

These financial statements were authorised for issue by the director on 16 October 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

3

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Ignacio Martinez

Interest free and repayable on demand director loan account movements

(17)

87,100

(69,166)

17,917

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

Mr Ignacio Martinez

Interest free and repayable on demand director loan account movements

(188)

91,094

(90,923)

(17)

         
       

 

During the year, the company loaned £87,100 (2022: £91,094) to Bianca Timothea Da Costa, a shareholder of the company and wife of Ignacio Martinez. £69,166 (2022: £90,923) was repaid, leaving £17,917 owed to the company at the year end (2022: £17 was owed to Bianca). The loan is interest free and repayable on demand.

 

Multiversal Ventures Ltd

(Registration number: 12798085)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 16 October 2023
 

.........................................
Mr Ignacio Martinez
Director