Silverfin false false 31/12/2023 20/07/2022 31/12/2023 J Watts 20/07/2022 19 April 2024 The principle activity of the company in the year was property letting and renovation. 14246197 2023-12-31 14246197 bus:Director1 2023-12-31 14246197 core:CurrentFinancialInstruments 2023-12-31 14246197 core:Non-currentFinancialInstruments 2023-12-31 14246197 core:ShareCapital 2023-12-31 14246197 core:RetainedEarningsAccumulatedLosses 2023-12-31 14246197 core:ComputerEquipment 2022-07-19 14246197 2022-07-19 14246197 core:ComputerEquipment 2023-12-31 14246197 bus:OrdinaryShareClass1 2023-12-31 14246197 2022-07-20 2023-12-31 14246197 bus:FilletedAccounts 2022-07-20 2023-12-31 14246197 bus:SmallEntities 2022-07-20 2023-12-31 14246197 bus:AuditExemptWithAccountantsReport 2022-07-20 2023-12-31 14246197 bus:PrivateLimitedCompanyLtd 2022-07-20 2023-12-31 14246197 bus:Director1 2022-07-20 2023-12-31 14246197 core:ComputerEquipment core:TopRangeValue 2022-07-20 2023-12-31 14246197 core:ComputerEquipment 2022-07-20 2023-12-31 14246197 core:Non-currentFinancialInstruments 2022-07-20 2023-12-31 14246197 bus:OrdinaryShareClass1 2022-07-20 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14246197 (England and Wales)

DI VEZIO LIMITED

Unaudited Financial Statements
For the financial period from 20 July 2022 to 31 December 2023
Pages for filing with the registrar

DI VEZIO LIMITED

Unaudited Financial Statements

For the financial period from 20 July 2022 to 31 December 2023

Contents

DI VEZIO LIMITED

BALANCE SHEET

As at 31 December 2023
DI VEZIO LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Tangible assets 3 473
Investment property 4 741,949
742,422
Current assets
Debtors 5 49,378
Cash at bank and in hand 5,616
54,994
Creditors: amounts falling due within one year 6 ( 21,420)
Net current assets 33,574
Total assets less current liabilities 775,996
Creditors: amounts falling due after more than one year 7 ( 775,708)
Net assets 288
Capital and reserves
Called-up share capital 8 100
Profit and loss account 188
Total shareholder's funds 288

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

Director's responsibilities:

The financial statements of Di Vezio Limited (registered number: 14246197) were approved and authorised for issue by the Director on 19 April 2024. They were signed on its behalf by:

J Watts
Director
DI VEZIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 July 2022 to 31 December 2023
DI VEZIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 July 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Di Vezio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length: 20 July 2022 - 31 July 2023

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
20.07.2022 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 20 July 2022 0 0
Additions 642 642
At 31 December 2023 642 642
Accumulated depreciation
At 20 July 2022 0 0
Charge for the financial period 169 169
At 31 December 2023 169 169
Net book value
At 31 December 2023 473 473

4. Investment property

Investment property
£
Valuation
As at 20 July 2022 0
Additions 741,949
As at 31 December 2023 741,949

5. Debtors

31.12.2023
£
Amounts owed by Group undertakings 47,378
Other debtors 2,000
49,378

6. Creditors: amounts falling due within one year

31.12.2023
£
Trade creditors 4,739
Amounts owed to Group undertakings 5,200
Amounts owed to director 1,168
Accruals 1,513
Other taxation and social security 8,800
21,420

7. Creditors: amounts falling due after more than one year

31.12.2023
£
Other loans (secured) 229,050
Other creditors 546,658
775,708

The bank loans are secured on properties of the Company with a carrying value of £743,949.

8. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100