Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30trueThe principle activity of the compnay is that of development of medicle servicestrue2021-12-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10471680 2021-12-01 2022-11-30 10471680 2020-12-01 2021-11-30 10471680 2022-11-30 10471680 2021-11-30 10471680 c:Director1 2021-12-01 2022-11-30 10471680 d:PatentsTrademarksLicencesConcessionsSimilar 2022-11-30 10471680 d:PatentsTrademarksLicencesConcessionsSimilar 2021-11-30 10471680 d:CurrentFinancialInstruments 2022-11-30 10471680 d:CurrentFinancialInstruments 2021-11-30 10471680 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10471680 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 10471680 d:ShareCapital 2022-11-30 10471680 d:ShareCapital 2021-11-30 10471680 d:RetainedEarningsAccumulatedLosses 2022-11-30 10471680 d:RetainedEarningsAccumulatedLosses 2021-11-30 10471680 c:FRS102 2021-12-01 2022-11-30 10471680 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 10471680 c:FullAccounts 2021-12-01 2022-11-30 10471680 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 10471680 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 10471680










AVENTUM DEVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
AVENTUM DEVICES LTD
REGISTERED NUMBER:10471680

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
127,485
114,329

  
127,485
114,329

Current assets
  

Debtors: amounts falling due within one year
 5 
2,111
4,000

Cash at bank and in hand
  
8,535
-

  
10,646
4,000

Creditors: amounts falling due within one year
 6 
(255,274)
(238,453)

Net current liabilities
  
 
 
(244,628)
 
 
(234,453)

Total assets less current liabilities
  
(117,143)
(120,124)

  

Net liabilities
  
(117,143)
(120,124)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(117,144)
(120,125)

  
(117,143)
(120,124)


Page 1

 
AVENTUM DEVICES LTD
REGISTERED NUMBER:10471680
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

The director considers 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 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 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 profit and loss account 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: 



Carmen Greco
Director

Date: 29 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
AVENTUM DEVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Aventum Devices Ltd is a company limited by shares, incorporated in England and Wales. The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

Going concern

The financial statements have been prepared on a going concern basis on the grounds that the director has given an undertaking that ongoing financial support will be provided in order for the company to meet its forecast liabilities as they fall due for at least the next twelve months.

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
AVENTUM DEVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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. 

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in 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 recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
AVENTUM DEVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Intangible assets




Patents

£



Cost


At 1 December 2021
114,329


Additions
13,156



At 30 November 2022

127,485






Net book value



At 30 November 2022
127,485



At 30 November 2021
114,329




5.


Debtors

2022
2021
£
£


Other debtors
2,111
1,125

Prepayments and accrued income
-
2,875

2,111
4,000



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
-
18

Trade creditors
30,898
37,905

Other creditors
218,376
194,530

Accruals and deferred income
6,000
6,000

255,274
238,453


Page 5

 
AVENTUM DEVICES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Related party transactions

Included in other creditors is an amount of £218,376 (2021: £194,530) due to the director. This amount is interest free and repayable on demand.

 
Page 6