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REGISTERED NUMBER: SC721986 (Scotland)















Unaudited Financial Statements

for the Period 3 February 2022 to 28 February 2023

for

Ivero Limited

Ivero Limited (Registered number: SC721986)






Contents of the Financial Statements
for the Period 3 February 2022 to 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Ivero Limited

Company Information
for the Period 3 February 2022 to 28 February 2023







DIRECTORS: C A J Mair
R G Shepcar





REGISTERED OFFICE: Stewart Office
8b Mcdonald Road
Edinburgh
United Kingdom
EH7 4LZ





REGISTERED NUMBER: SC721986 (Scotland)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Ivero Limited (Registered number: SC721986)

Balance Sheet
28 February 2023

Notes £ £
FIXED ASSETS
Tangible assets 4 398,592

CURRENT ASSETS
Debtors 5 171,325
Cash at bank 79,384
250,709
CREDITORS
Amounts falling due within one year 6 49,237
NET CURRENT ASSETS 201,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

600,064

CREDITORS
Amounts falling due after more than
one year

7

688,579
NET LIABILITIES (88,515 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (88,615 )
SHAREHOLDERS' FUNDS (88,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ivero Limited (Registered number: SC721986)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





C A J Mair - Director


Ivero Limited (Registered number: SC721986)

Notes to the Financial Statements
for the Period 3 February 2022 to 28 February 2023

1. STATUTORY INFORMATION

Ivero Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 10 years UEL
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Ivero Limited (Registered number: SC721986)

Notes to the Financial Statements - continued
for the Period 3 February 2022 to 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
Additions 426,753 19,703 446,456
At 28 February 2023 426,753 19,703 446,456
DEPRECIATION
Charge for period 42,938 4,926 47,864
At 28 February 2023 42,938 4,926 47,864
NET BOOK VALUE
At 28 February 2023 383,815 14,777 398,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 91,598
VAT 3,485
Accruals 76,242
171,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 34,042
Accrued expenses 15,195
49,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£
Amounts owed to associates 688,579

Ivero Limited

Report of the Accountants to the Directors of
Ivero Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 28 February 2023 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


26 October 2023