Registration number:
Builtvisible Holdings Limited
for the Year Ended 31 December 2023
Builtvisible Holdings Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Builtvisible Holdings Limited
(Registration number: 12318711)
Statement of Financial Position as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
|
|
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Other financial assets |
- |
10,308 |
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
|
|
|
Capital and reserves |
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Called up share capital |
817 |
817 |
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Profit and loss account |
2,512,670 |
2,532,319 |
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Shareholders' funds |
2,513,487 |
2,533,136 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.
Approved and authorised by the
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Builtvisible Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is that of a holding company.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis.
Builtvisible Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2023 |
2022 |
|
Investments in subsidiaries |
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Builtvisible Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
4 |
Investments (continued) |
Subsidiaries |
£ |
Cost or valuation |
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At 1 January 2023 |
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Provision for impairment |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
||
At 1 January 2023 |
10,308 |
10,308 |
Disposals |
(10,308) |
(10,308) |
At 31 December 2023 |
- |
- |
Impairment |
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Carrying amount |
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At 31 December 2023 |
- |
- |
Debtors |
2023 |
2022 |
|
Other debtors |
|
|
|
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Builtvisible Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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- |
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Other creditors |
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|
|
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Creditors: amounts falling due after more than one year
2023 |
2022 |
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Due after one year |
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Other non-current financial liabilities |
- |
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Share-based payments |
Scheme details and movements
The movements in the number of share options during the year were as follows:
2023 |
2022 |
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Outstanding, start of period |
|
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Forfeited or exercised during the period |
( |
( |
Outstanding, end of period |
|
|
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The movements in the weighted average exercise price of share options during the year were as follows:
2023 |
2022 |
|
Outstanding, start of period |
|
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Forfeited during the period |
|
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Outstanding, end of period |
|
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Builtvisible Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
8 |
Share-based payments (continued) |
The total carrying amount of the liabilities arising from share-based payments at the end of the year was £
Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
Related party transactions |
Summary of transactions with subsidiaries
As at the end of the financial year, the company owed £125,571.51 to it's wholly owned subsidiary (2022: £nil).