REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2024 |
for |
Ovvio Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2024 |
for |
Ovvio Ltd |
Ovvio Ltd (Registered number: 13227086) |
Contents of the Financial Statements |
for the Year Ended 28 February 2024 |
Page |
Chartered Accountants' Report | 1 |
Statement of Financial Position | 2 |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Ovvio Ltd |
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 Statement of Financial Position. Readers are cautioned that the Income Statement is 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 Ovvio Ltd for the year ended 28 February 2024 which comprise the Income Statement, Statement of Financial Position 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 Ovvio Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ovvio Ltd and state those matters that we have agreed to state to the director of Ovvio Ltd 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 Ovvio Ltd and its director for our work or for this report. |
It is your duty to ensure that Ovvio Ltd 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 loss of Ovvio Ltd. You consider that Ovvio Ltd 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 Ovvio Ltd. 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. |
Haggards Crowther LLP |
Chartered Accountants |
2nd Floor, Heathmans House |
19 Heathmans Road |
London |
SW6 4TJ |
Ovvio Ltd (Registered number: 13227086) |
Statement of Financial Position |
28 February 2024 |
28.2.24 | 28.2.23 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
OVVIO LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13227086. The registered office is 71-75 Shelton Street, Covent Garden, London, England, WC2H 9JQ. |
2. | GOING CONCERN |
The accounts have been prepared on a going concern basis which assumes the continued support of the company’s creditors. Should this support be withdrawn and not replaced by alternative finance, the company would be unable to continue trading. Adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included within the year end creditors balance is an amount due from the company to Mr S Tandon of £622,222 (2023: £342,222). Throughout the year, total withdrawal of funds amounted to £Nil, with total deposits of £280,000 (2023: £200,000). The outstanding balance is unsecured, repayable on demand and not subject to interest. |
Ovvio Ltd (Registered number: 13227086) |
Statement of Financial Position - continued |
28 February 2024 |
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. |
The financial statements were approved by the director and authorised for issue on |