Anivishon Limited 10889248 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of residential property letting. Digita Accounts Production Advanced 6.30.9574.0 true 10889248 2023-04-01 2024-03-31 10889248 2024-03-31 10889248 core:CurrentFinancialInstruments 2024-03-31 10889248 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10889248 core:Non-currentFinancialInstruments 2024-03-31 10889248 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10889248 core:FurnitureFittingsToolsEquipment 2024-03-31 10889248 bus:SmallEntities 2023-04-01 2024-03-31 10889248 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10889248 bus:FilletedAccounts 2023-04-01 2024-03-31 10889248 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10889248 bus:RegisteredOffice 2023-04-01 2024-03-31 10889248 bus:Director1 2023-04-01 2024-03-31 10889248 bus:Director2 2023-04-01 2024-03-31 10889248 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10889248 core:FurnitureFittings 2023-04-01 2024-03-31 10889248 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10889248 countries:AllCountries 2023-04-01 2024-03-31 10889248 2023-03-31 10889248 core:FurnitureFittingsToolsEquipment 2023-03-31 10889248 2022-04-01 2023-03-31 10889248 2023-03-31 10889248 core:CurrentFinancialInstruments 2023-03-31 10889248 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10889248 core:Non-currentFinancialInstruments 2023-03-31 10889248 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10889248 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10889248

Anivishon Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

image-name
 

Anivishon Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Anivishon Limited

Company Information

Directors

Mr V Kumar

Mrs A Kumar

Registered office

84 Paxton Crescent
Shenley Lodge
Milton Keynes
Buckinghamshire
MK5 7PY

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Anivishon Limited

(Registration number: 10889248)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,239

5,611

Investment property

5

598,000

598,000

 

603,239

603,611

Current assets

 

Cash at bank and in hand

 

5,604

9,852

Creditors: Amounts falling due within one year

6

(343,523)

(314,632)

Net current liabilities

 

(337,919)

(304,780)

Total assets less current liabilities

 

265,320

298,831

Creditors: Amounts falling due after more than one year

6

(97,620)

(142,858)

Provisions for liabilities

(21,948)

(22,018)

Net assets

 

145,752

133,955

Capital and reserves

 

Called up share capital

98

98

Revaluation reserve

89,322

89,322

Retained earnings

56,332

44,535

Shareholders' funds

 

145,752

133,955

For the financial year ending 31 March 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 9 August 2024 and signed on its behalf by:
 

 

Anivishon Limited

(Registration number: 10889248)
Balance Sheet as at 31 March 2024

.........................................
Mr V Kumar
Director

 

Anivishon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales, 10889248.

The address of its registered office is:
84 Paxton Crescent
Shenley Lodge
Milton Keynes
Buckinghamshire
MK5 7PY
UK

These financial statements were authorised for issue by the Board on 9 August 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.

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 and deferred 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.

 

Anivishon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:

Asset class

Depreciation method and rate

Fixtures and fittings

10% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 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.

 

Anivishon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

3

Staff numbers

The average number of persons employed by the company during the year, including directors, was 2 (2023 - 2).

 

Anivishon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

8,219

8,219

Additions

189

189

At 31 March 2024

8,408

8,408

Depreciation

At 1 April 2023

2,608

2,608

Charge for the year

561

561

At 31 March 2024

3,169

3,169

Carrying amount

At 31 March 2024

5,239

5,239

At 31 March 2023

5,611

5,611

5

Investment properties

2024
£

At 1 April

598,000

At 31 March

598,000

There has been no valuation of investment property by an independent valuer.

 

Anivishon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,637

10,486

Trade creditors

 

500

500

Corporation tax control

 

2,838

4,021

Accruals

 

420

420

Other creditors

 

5,536

4,725

Directors loan account

 

323,592

294,480

 

343,523

314,632

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

97,620

142,858

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

97,620

142,858

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,637

10,486

Loans are secured against the investment properties of the company