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Registration number: 07528871

Antevorte Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Antevorte Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Antevorte Ltd

(Registration number: 07528871)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,534

941

Current assets

 

Debtors

6

70,965

201,313

Cash at bank and in hand

 

178,429

2,188

 

249,394

203,501

Creditors: Amounts falling due within one year

7

(117,673)

(101,893)

Net current assets

 

131,721

101,608

Total assets less current liabilities

 

133,255

102,549

Creditors: Amounts falling due after more than one year

7

-

(28,271)

Provisions for liabilities

(384)

(235)

Net assets

 

132,871

74,043

Capital and reserves

 

Called up share capital

2

2

Retained earnings

132,869

74,041

Shareholders' funds

 

132,871

74,043

 

Antevorte Ltd

(Registration number: 07528871)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 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 year 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 1 August 2024 and signed on its behalf by:
 

.........................................
Mr J Van Voorn
Director

   
     
 

Antevorte Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

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

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Antevorte Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Asset class

Depreciation method and rate

Office equipment

33% straight line

Plant and machinery

25% straight line

Property improvements

20% straight line

Motor vehicles

20% straight line

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.

Debtors

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Antevorte Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Taxation

2024

2023

£

£

Corporation tax

51,581

45,108

Deferred tax

149

(1,566)

51,730

43,542

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2023

657

3,102

5,099

8,858

Additions

-

-

1,255

1,255

At 29 February 2024

657

3,102

6,354

10,113

Depreciation

At 1 March 2023

657

3,102

4,158

7,917

Charge for the year

-

-

662

662

At 29 February 2024

657

3,102

4,820

8,579

Carrying amount

At 29 February 2024

-

-

1,534

1,534

At 28 February 2023

-

-

941

941

 

Antevorte Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

216

129,479

Prepayments

1,615

1,650

Other debtors

69,134

70,184

 

70,965

201,313

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

-

9,808

Trade creditors

 

1,946

-

Taxation and social security

 

109,852

88,883

Other creditors

 

5,875

3,202

 

117,673

101,893

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

28,271

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

9,808

 

Antevorte Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

28,271

9

Related party transactions

Other transactions with directors

L Rogers (director) had a loan with the company. At the balance sheet date the amount L Rogers owed Antevorte Ltd was £51,897 (2023 - £53,031).

Summary of transactions with other related parties

L Rogers (director) is the sole practitioner of a business BNS. BNS have raised invoices totalling £13,750 to Antevorte during the year (2023: £4,708). At the balance sheet date the amount due to BNS was £nil (2023: £nil).
 

10

Parent and ultimate parent undertaking

The company's immediate parent is ITIPS UK BIDCO Limited, incorporated in England and Wales.