2022-07-012023-06-302023-06-30false12661546PREVA ADVISORY LIMITED2024-03-13iso4217:GBPxbrli:pure126615462022-07-01126615462023-06-30126615462022-07-012023-06-30126615462021-07-01126615462022-06-30126615462021-07-012022-06-3012661546bus:SmallEntities2022-07-012023-06-3012661546bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3012661546bus:AbridgedAccounts2022-07-012023-06-3012661546bus:PrivateLimitedCompanyLtd2022-07-012023-06-3012661546core:WithinOneYear2023-06-3012661546core:AfterOneYear2023-06-3012661546core:WithinOneYear2022-06-3012661546core:AfterOneYear2022-06-3012661546core:ShareCapital2023-06-3012661546core:SharePremium2023-06-3012661546core:RevaluationReserve2023-06-3012661546core:OtherReservesSubtotal2023-06-3012661546core:RetainedEarningsAccumulatedLosses2023-06-3012661546core:ShareCapital2022-06-3012661546core:SharePremium2022-06-3012661546core:RevaluationReserve2022-06-3012661546core:OtherReservesSubtotal2022-06-3012661546core:RetainedEarningsAccumulatedLosses2022-06-3012661546core:LandBuildings2023-06-3012661546core:PlantMachinery2023-06-3012661546core:Vehicles2023-06-3012661546core:FurnitureFittings2023-06-3012661546core:OfficeEquipment2023-06-3012661546core:NetGoodwill2023-06-3012661546core:IntangibleAssetsOtherThanGoodwill2023-06-3012661546core:ListedExchangeTraded2023-06-3012661546core:UnlistedNon-exchangeTraded2023-06-3012661546core:LandBuildings2022-06-3012661546core:PlantMachinery2022-06-3012661546core:Vehicles2022-06-3012661546core:FurnitureFittings2022-06-3012661546core:OfficeEquipment2022-06-3012661546core:NetGoodwill2022-06-3012661546core:IntangibleAssetsOtherThanGoodwill2022-06-3012661546core:ListedExchangeTraded2022-06-3012661546core:UnlistedNon-exchangeTraded2022-06-3012661546core:LandBuildings2022-07-012023-06-3012661546core:PlantMachinery2022-07-012023-06-3012661546core:Vehicles2022-07-012023-06-3012661546core:FurnitureFittings2022-07-012023-06-3012661546core:OfficeEquipment2022-07-012023-06-3012661546core:NetGoodwill2022-07-012023-06-3012661546core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012661546core:ListedExchangeTraded2022-07-012023-06-3012661546core:UnlistedNon-exchangeTraded2022-07-012023-06-3012661546core:MoreThanFiveYears2022-07-012023-06-3012661546core:Non-currentFinancialInstruments2023-06-3012661546core:Non-currentFinancialInstruments2022-06-3012661546dpl:CostSales2022-07-012023-06-3012661546dpl:DistributionCosts2022-07-012023-06-3012661546core:LandBuildings2022-07-012023-06-3012661546core:PlantMachinery2022-07-012023-06-3012661546core:Vehicles2022-07-012023-06-3012661546core:FurnitureFittings2022-07-012023-06-3012661546core:OfficeEquipment2022-07-012023-06-3012661546dpl:AdministrativeExpenses2022-07-012023-06-3012661546core:NetGoodwill2022-07-012023-06-3012661546core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012661546dpl:GroupUndertakings2022-07-012023-06-3012661546dpl:ParticipatingInterests2022-07-012023-06-3012661546dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3012661546core:ListedExchangeTraded2022-07-012023-06-3012661546dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3012661546core:UnlistedNon-exchangeTraded2022-07-012023-06-3012661546dpl:CostSales2021-07-012022-06-3012661546dpl:DistributionCosts2021-07-012022-06-3012661546core:LandBuildings2021-07-012022-06-3012661546core:PlantMachinery2021-07-012022-06-3012661546core:Vehicles2021-07-012022-06-3012661546core:FurnitureFittings2021-07-012022-06-3012661546core:OfficeEquipment2021-07-012022-06-3012661546dpl:AdministrativeExpenses2021-07-012022-06-3012661546core:NetGoodwill2021-07-012022-06-3012661546core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3012661546dpl:GroupUndertakings2021-07-012022-06-3012661546dpl:ParticipatingInterests2021-07-012022-06-3012661546dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3012661546core:ListedExchangeTraded2021-07-012022-06-3012661546dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3012661546core:UnlistedNon-exchangeTraded2021-07-012022-06-3012661546core:NetGoodwill2023-06-3012661546core:IntangibleAssetsOtherThanGoodwill2023-06-3012661546core:LandBuildings2023-06-3012661546core:PlantMachinery2023-06-3012661546core:Vehicles2023-06-3012661546core:FurnitureFittings2023-06-3012661546core:OfficeEquipment2023-06-3012661546core:AfterOneYear2023-06-3012661546core:WithinOneYear2023-06-3012661546core:ListedExchangeTraded2023-06-3012661546core:UnlistedNon-exchangeTraded2023-06-3012661546core:ShareCapital2023-06-3012661546core:SharePremium2023-06-3012661546core:RevaluationReserve2023-06-3012661546core:OtherReservesSubtotal2023-06-3012661546core:RetainedEarningsAccumulatedLosses2023-06-3012661546core:NetGoodwill2022-06-3012661546core:IntangibleAssetsOtherThanGoodwill2022-06-3012661546core:LandBuildings2022-06-3012661546core:PlantMachinery2022-06-3012661546core:Vehicles2022-06-3012661546core:FurnitureFittings2022-06-3012661546core:OfficeEquipment2022-06-3012661546core:AfterOneYear2022-06-3012661546core:WithinOneYear2022-06-3012661546core:Listed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PREVA ADVISORY LIMITED

Registered Number
12661546
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

PREVA ADVISORY LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

F PREDESCU-VASVARI

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

C/O Auria
48 Warwick Street
London
W1B 5AW

Registered Number

12661546 (England and Wales)
PREVA ADVISORY LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,3773,330
3,3773,330
Current assets
Debtors-8,386
Cash at bank and on hand120,30697,083
120,306105,469
Creditors amounts falling due within one year5(35,421)(22,187)
Net current assets (liabilities)84,88583,282
Total assets less current liabilities88,26286,612
Net assets88,26286,612
Capital and reserves
Called up share capital11
Profit and loss account88,26186,611
Shareholders' funds88,26286,612
The financial statements were approved and authorised for issue by the Director on 13 March 2024, and are signed on its behalf by:
F PREDESCU-VASVARI
Director
Registered Company No. 12661546
PREVA ADVISORY LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 225,983
Additions3,062
At 30 June 239,045
Depreciation and impairment
At 01 July 222,653
Charge for year3,015
At 30 June 235,668
Net book value
At 30 June 233,377
At 30 June 223,330
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-8,386
Total-8,386
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables34,100-
Taxation and social security8652,506
Other creditors45619,681
Total35,42122,187
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.