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REGISTERED NUMBER: 10941247 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COLDVEN LIMITED

COLDVEN LIMITED (REGISTERED NUMBER: 10941247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

COLDVEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: H R F Elphick





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 10941247 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

COLDVEN LIMITED (REGISTERED NUMBER: 10941247)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,540 78,726
Investments 5 644,564 625,164
Investment property 6 92,093 92,093
799,197 795,983

CURRENT ASSETS
Debtors 7 713,410 595,370
Cash at bank 83,213 66,915
796,623 662,285
CREDITORS
Amounts falling due within one year 8 581,087 606,290
NET CURRENT ASSETS 215,536 55,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,733

851,978

PROVISIONS FOR LIABILITIES 5,931 10,879
NET ASSETS 1,008,802 841,099

CAPITAL AND RESERVES
Called up share capital 5 5
Share premium 49,996 49,996
Fair value reserve 9 24,976 16,696
Retained earnings 933,825 774,402
SHAREHOLDERS' FUNDS 1,008,802 841,099

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

COLDVEN LIMITED (REGISTERED NUMBER: 10941247)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





H R F Elphick - Director


COLDVEN LIMITED (REGISTERED NUMBER: 10941247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Coldven Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiaries and associates are recognised at cost less provisions for impairment.

Investment property
Investment property is measured at cost at initial recognition which comprises its purchase price and any directly attributable expenditure such as legal, property transfer taxes and other transactions costs.

Investment property is revalued annually with changes in fair value recognised in the profit and loss account. Any surplus or deficit on revaluation is transferred to the non-distributable fair value reserve, except that deficits below original cost, which are expected to be permanent, are charged to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

COLDVEN LIMITED (REGISTERED NUMBER: 10941247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 74,142 18,041 92,183
Additions - 3,251 3,251
At 31 March 2023 74,142 21,292 95,434
DEPRECIATION
At 1 April 2022 6,178 7,279 13,457
Charge for year 13,593 5,844 19,437
At 31 March 2023 19,771 13,123 32,894
NET BOOK VALUE
At 31 March 2023 54,371 8,169 62,540
At 31 March 2022 67,964 10,762 78,726

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 504,861 120,303 625,164
Additions - 169,949 169,949
Disposals - (125,013 ) (125,013 )
Revaluations - (25,536 ) (25,536 )
At 31 March 2023 504,861 139,703 644,564
NET BOOK VALUE
At 31 March 2023 504,861 139,703 644,564
At 31 March 2022 504,861 120,303 625,164

Cost or valuation at 31 March 2023 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2023 - (20,867 ) (20,867 )
Cost 504,861 160,570 665,431
504,861 139,703 644,564

COLDVEN LIMITED (REGISTERED NUMBER: 10941247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 92,093
NET BOOK VALUE
At 31 March 2023 92,093
At 31 March 2022 92,093

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,335 29,030
Other debtors 630,075 566,340
713,410 595,370

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,624 1,606
Taxation and social security 158,102 196,665
Other creditors 421,361 408,019
581,087 606,290

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 16,696
Profit and loss acount revalua 11,040
Profit and loss account Deferr (2,760 )

At 31 March 2023 24,976

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLDVEN LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coldven Limited for the year ended 31 March 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Coldven Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coldven Limited and state those matters that we have agreed to state to the director of Coldven Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coldven Limited and its director for our work or for this report.

It is your duty to ensure that Coldven Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coldven Limited. You consider that Coldven Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coldven Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


1 February 2024