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Registration number: 14233731

Antdav Investments London Limited

Annual Report and Unaudited Financial Statements

for the Period from 14 July 2022 to 31 July 2023

 

Antdav Investments London Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Antdav Investments London Limited

Company Information

Directors

E Schneiderman

D Schneiderman

Registered office

Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

Accountants

Tax Innovations Limited
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Antdav Investments London Limited

(Registration number: 14233731)
Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Debtors

4

2,500,000

Current assets

 

Debtors

4

2,676,309

Cash at bank and in hand

 

89,217

 

2,765,526

Creditors: Amounts falling due within one year

5

(85,312)

Net current assets

 

2,680,214

Total assets less current liabilities

 

5,180,214

Creditors: Amounts falling due after more than one year

5

(4,866,251)

Net assets

 

313,963

Capital and reserves

 

Called up share capital

6

1

Retained earnings

313,962

Shareholders' funds

 

313,963

 

Antdav Investments London Limited

(Registration number: 14233731)
Balance Sheet as at 31 July 2023

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Profit and Loss Account.

Approved and authorised by the Board on 11 April 2024 and signed on its behalf by:
 

.........................................
E Schneiderman
Director

.........................................
D Schneiderman
Director

 

Antdav Investments London Limited

Notes to the Unaudited Financial Statements for the Period from 14 July 2022 to 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
England

These financial statements were authorised for issue by the Board on 11 April 2024.

2

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Antdav Investments London Limited

Notes to the Unaudited Financial Statements for the Period from 14 July 2022 to 31 July 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Current

2023
£

Other debtors

2,676,309

 

2,676,309

 

Antdav Investments London Limited

Notes to the Unaudited Financial Statements for the Period from 14 July 2022 to 31 July 2023

Non-current

2023
£

Other debtors

2,500,000

 

2,500,000

Details of non-current trade and other debtors

£2,500,000 of Loans to third parties is classified as non current. Included in the non-current debtors is £2,500,000 related to loans to thirds parties due after 1 year with variable rates of interest payable over 10%+.

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

300

Taxation and social security

83,012

Accruals and deferred income

2,000

85,312

Creditors: amounts falling due after more than one year

2023
£

Due after one year

Other non-current financial liabilities

4,866,251

6

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

1

1

   

7

Related party transactions

Summary of transactions with parent

Antdav Investments Limited (BVI)
(A company registered in the British Virgin islands)

 Provision of a working capital loan
 

Expenditure with and payables to related parties

 

Antdav Investments London Limited

Notes to the Unaudited Financial Statements for the Period from 14 July 2022 to 31 July 2023

2023

Parent
£

Amounts payable to related party

4,866,251

8

Parent and ultimate parent undertaking

The company's immediate parent is Antdav Investments Limited (BVI), incorporated in British Virgin Islands.