Silverfin false 28/02/2023 01/03/2022 28/02/2023 P Silver 07/02/2018 27 November 2023 The principal activity of the company is that of sales and marketing services to the housing sector. 11191804 2023-02-28 11191804 bus:Director1 2023-02-28 11191804 2022-02-28 11191804 core:CurrentFinancialInstruments 2023-02-28 11191804 core:CurrentFinancialInstruments 2022-02-28 11191804 core:ShareCapital 2023-02-28 11191804 core:ShareCapital 2022-02-28 11191804 core:RetainedEarningsAccumulatedLosses 2023-02-28 11191804 core:RetainedEarningsAccumulatedLosses 2022-02-28 11191804 core:CostValuation 2022-02-28 11191804 core:CostValuation 2023-02-28 11191804 core:ProvisionsForImpairmentInvestments 2022-02-28 11191804 core:ProvisionsForImpairmentInvestments 2023-02-28 11191804 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-02-28 11191804 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-02-28 11191804 bus:OrdinaryShareClass1 2023-02-28 11191804 2022-03-01 2023-02-28 11191804 bus:FullAccounts 2022-03-01 2023-02-28 11191804 bus:SmallEntities 2022-03-01 2023-02-28 11191804 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11191804 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11191804 bus:Director1 2022-03-01 2023-02-28 11191804 2021-03-01 2022-02-28 11191804 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11191804 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11191804 (England and Wales)

VIVERE GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

VIVERE GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

VIVERE GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2023
VIVERE GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 841,185 841,185
841,185 841,185
Current assets
Debtors 4 7,710,357 3,094,657
7,710,357 3,094,657
Creditors: amounts falling due within one year 5 ( 7,497,120) ( 1,285,292)
Net current assets 213,237 1,809,365
Total assets less current liabilities 1,054,422 2,650,550
Net assets 1,054,422 2,650,550
Capital and reserves
Called-up share capital 6 279,001 279,001
Profit and loss account 775,421 2,371,549
Total shareholder's funds 1,054,422 2,650,550

For the financial year ending 28 February 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 financial statements of Vivere Group Limited (registered number: 11191804) were approved and authorised for issue by the Director. They were signed on its behalf by:

P Silver
Director

27 November 2023

VIVERE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
VIVERE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vivere Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefit 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 be met before revenue can be recognised:
Rendering of services
Revenue from a contract to provide services 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 cost incurred and the costs to complete the contract can be measured reliably.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 March 2022 841,185 841,185
At 28 February 2023 841,185 841,185
Provisions for impairment
At 01 March 2022 0 0
At 28 February 2023 0 0
Carrying value at 28 February 2023 841,185 841,185
Carrying value at 28 February 2022 841,185 841,185

4. Debtors

2023 2022
£ £
Trade debtors 0 1,193,779
Amounts owed by Group undertakings 0 1,900,377
Accrued income 302,749 0
VAT recoverable 1,650 0
Other debtors 7,405,958 501
7,710,357 3,094,657

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to own subsidiaries 7,161,916 206,296
Accruals 6,000 6,850
Taxation and social security 0 6,647
Other creditors 329,204 1,065,499
7,497,120 1,285,292

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
279,001 Ordinary shares of £ 1.00 each 279,001 279,001

7. Related party transactions

Other related party transactions

During the year, the company advanced £9,000,000 to a company under common control. This bears interest at 1% and has been calculated at £5,957. The balance owed by the company at the year end was £9,005,957, included within
other debtors, and is repayable on demand.