IRIS Accounts Production v23.4.0.336 08151821 director 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081518212022-07-31081518212023-07-31081518212022-08-012023-07-31081518212021-07-31081518212021-08-012022-07-31081518212022-07-3108151821ns15:EnglandWales2022-08-012023-07-3108151821ns14:PoundSterling2022-08-012023-07-3108151821ns10:Director12022-08-012023-07-3108151821ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108151821ns10:SmallEntities2022-08-012023-07-3108151821ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108151821ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108151821ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3108151821ns10:FullAccounts2022-08-012023-07-3108151821ns10:OrdinaryShareClass12022-08-012023-07-3108151821ns10:RegisteredOffice2022-08-012023-07-3108151821ns5:CurrentFinancialInstruments2023-07-3108151821ns5:CurrentFinancialInstruments2022-07-3108151821ns5:ShareCapital2023-07-3108151821ns5:ShareCapital2022-07-3108151821ns5:RetainedEarningsAccumulatedLosses2023-07-3108151821ns5:RetainedEarningsAccumulatedLosses2022-07-3108151821ns5:ComputerEquipment2022-07-3108151821ns5:ComputerEquipment2022-08-012023-07-3108151821ns5:ComputerEquipment2023-07-3108151821ns5:ComputerEquipment2022-07-3108151821ns10:OrdinaryShareClass12023-07-3108151821ns5:RetainedEarningsAccumulatedLosses2022-07-3108151821ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 08151821 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

VIRIDIAN LAW LTD.

VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


VIRIDIAN LAW LTD.

Company Information
for the year ended 31 July 2023







DIRECTOR: S Robert-Tissot





REGISTERED OFFICE: 38 Gloucester Crescent
London
NW1 7DL





REGISTERED NUMBER: 08151821 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 11,100 8,971
Investments 6 448,580 456,271
459,680 465,242

CURRENT ASSETS
Debtors 7 8 1,632
Cash at bank 220,669 294,626
220,677 296,258
CREDITORS
Amounts falling due within one year 8 3,175 55,046
NET CURRENT ASSETS 217,502 241,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,182

706,454

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 677,181 706,453
SHAREHOLDERS' FUNDS 677,182 706,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 March 2024 and were signed by:




S Robert-Tissot - Director


VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Notes to the Financial Statements
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Viridian Law Ltd. is a private company, limited by shares , registered in England and Wales. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover
Revenue is the total amount, excluding value added tax, receivable by the company in the ordinary course of business for services provided as a principal.

Revenue is recognised at the fair value of the consideration received or receivable for provision of services to external customers in the ordinary nature of the business. The fair value of the consideration takes into account trade and settlement discounts.

Dividend income
Dividend income is recognised when the company's right to receive payment is established.

Interest income
Interest income is recognised as interest accrues.

Property, plant and equipment
Property, plant and equipment are initially measured at cost (or deemed cost) and are subsequently measured at cost or valuation, net of depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer and other equipments 33.33% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets

Trade and other debtors, amounts owed by related undertakings, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic 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 profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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

Basic financial liabilities

Trade and other creditors, directors' current accounts and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Fixed asset investments are measured at Fair Value.

VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Other financial assets
Listed equity investments which are not subsidiaries, associates or joint ventures are initially measured at transaction price and subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Unlisted equity investments in subsidiaries, associates or joint ventures are measured at cost less impairment.

Bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

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

Basic financial liabilities
Trade and other creditors, accruals, director loans and amounts owed to group undertakings are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Equity instruments
The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


5. PROPERTY, PLANT AND EQUIPMENT
Computer
and other
equipments
£   
COST
At 1 August 2022 23,263
Additions 4,617
Disposals (2,102 )
At 31 July 2023 25,778
DEPRECIATION
At 1 August 2022 14,292
Charge for year 2,488
Eliminated on disposal (2,102 )
At 31 July 2023 14,678
NET BOOK VALUE
At 31 July 2023 11,100
At 31 July 2022 8,971

6. FIXED ASSET INVESTMENTS

Fixed assets investments held at 31st July 2023 are valued at £448,580 (2022: £456,271).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8 1,632

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax - 9,834
Director's loan account 175 42,212
Accruals and deferred income 3,000 3,000
3,175 55,046

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

VIRIDIAN LAW LTD. (REGISTERED NUMBER: 08151821)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


10. RESERVES
Retained
earnings
£   

At 1 August 2022 706,453
Deficit for the year (29,272 )
At 31 July 2023 677,181

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Robert-Tissot.