Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3132022-04-01falseFinancial intermediation not elsewhere classified3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10701359 2022-04-01 2023-03-31 10701359 2021-04-01 2022-03-31 10701359 2023-03-31 10701359 2022-03-31 10701359 c:Director1 2022-04-01 2023-03-31 10701359 d:FurnitureFittings 2022-04-01 2023-03-31 10701359 d:FurnitureFittings 2023-03-31 10701359 d:FurnitureFittings 2022-03-31 10701359 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10701359 d:ComputerEquipment 2022-04-01 2023-03-31 10701359 d:ComputerEquipment 2023-03-31 10701359 d:ComputerEquipment 2022-03-31 10701359 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10701359 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10701359 d:CurrentFinancialInstruments 2023-03-31 10701359 d:CurrentFinancialInstruments 2022-03-31 10701359 d:Non-currentFinancialInstruments 2023-03-31 10701359 d:Non-currentFinancialInstruments 2022-03-31 10701359 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10701359 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10701359 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10701359 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 10701359 d:ShareCapital 2023-03-31 10701359 d:ShareCapital 2022-03-31 10701359 d:SharePremium 2023-03-31 10701359 d:SharePremium 2022-03-31 10701359 d:RetainedEarningsAccumulatedLosses 2023-03-31 10701359 d:RetainedEarningsAccumulatedLosses 2022-03-31 10701359 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10701359 c:OrdinaryShareClass1 2023-03-31 10701359 c:OrdinaryShareClass1 2022-03-31 10701359 c:OrdinaryShareClass2 2022-04-01 2023-03-31 10701359 c:OrdinaryShareClass2 2023-03-31 10701359 c:OrdinaryShareClass2 2022-03-31 10701359 c:FRS102 2022-04-01 2023-03-31 10701359 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10701359 c:FullAccounts 2022-04-01 2023-03-31 10701359 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10701359









LEVENDI INVESTMENT MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
LEVENDI INVESTMENT MANAGEMENT LTD
REGISTERED NUMBER: 10701359

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,220
2,775

  
2,220
2,775

Current assets
  

Debtors: amounts falling due within one year
 5 
5,647
400,982

Cash at bank and in hand
 6 
173,184
25,772

  
178,831
426,754

Creditors: amounts falling due within one year
 7 
(19,376)
(19,837)

Net current assets
  
 
 
159,455
 
 
406,917

Total assets less current liabilities
  
161,675
409,692

Creditors: amounts falling due after more than one year
 8 
(24,113)
(34,030)

  

Net assets
  
137,562
375,662


Capital and reserves
  

Called up share capital 
 10 
578
578

Share premium account
  
519,901
519,901

Profit and loss account
  
(382,917)
(144,817)

  
137,562
375,662


Page 1

 
LEVENDI INVESTMENT MANAGEMENT LTD
REGISTERED NUMBER: 10701359
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 directors acknowledge their 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.

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 by: 




Dr F A Copplestone
Director

Date: 3 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Levendi Investment Management Ltd is a private company limited by shares. The registered office is Cunard House, 15 Regent Street, London, England, SW1Y 4LR.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

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.

Page 3

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
on reducing balance
Computer equipment
-
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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
8,469
2,641
11,110



At 31 March 2023

8,469
2,641
11,110



Depreciation


At 1 April 2022
5,694
2,641
8,335


Charge for the year on owned assets
555
-
555



At 31 March 2023

6,249
2,641
8,890



Net book value



At 31 March 2023
2,220
-
2,220



At 31 March 2022
2,775
-
2,775

Page 5

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
5,647
4,336

Called up share capital not paid
-
396,646

5,647
400,982



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
173,184
25,772

173,184
25,772



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,911
9,666

Trade creditors
6,706
6,706

Other taxation and social security
719
1,424

Other creditors
40
41

Accruals and deferred income
2,000
2,000

19,376
19,837



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,113
34,030

24,113
34,030


Page 6

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,911
9,666


9,911
9,666

Amounts falling due 1-2 years

Bank loans
10,161
9,911

Amounts falling due 2-5 years

Bank loans
13,951
24,120


13,951
24,120


34,023
43,697


Page 7

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



51,068 (2022 - 51,068) Ordinary shares of £0.01 each
510.68
510.68
6,750 (2022 - 6,750) Ordinary B shares of £0.01 each
67.50
67.50

578.18

578.18



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,321 (2022: £1,013). Contributions totalling £40 (2022: £40) were payable to the fund at the reporting date and are included in creditors.

 
Page 8