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REGISTERED NUMBER: 08757936 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SHIVISI LTD

SHIVISI LTD (REGISTERED NUMBER: 08757936)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIVISI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mrs M S Factor





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ





REGISTERED NUMBER: 08757936 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

SHIVISI LTD (REGISTERED NUMBER: 08757936)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 4,521 5,274
Tangible assets 6 15,477 3,809
Investments 7 1 1
Investment property 8 233,000 233,000
252,999 242,084

CURRENT ASSETS
Debtors 9 766,654 631,020
Cash at bank 27,561 61,020
794,215 692,040
CREDITORS
Amounts falling due within one year 10 (551,875 ) (544,815 )
NET CURRENT ASSETS 242,340 147,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,339

389,309

CREDITORS
Amounts falling due after more than one year 11 (210,861 ) (31,149 )

PROVISIONS FOR LIABILITIES 12 (27,600 ) (19,000 )
NET ASSETS 256,878 339,160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 256,778 339,060
SHAREHOLDERS' FUNDS 256,878 339,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SHIVISI LTD (REGISTERED NUMBER: 08757936)

BALANCE SHEET - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mrs M S Factor - Director


SHIVISI LTD (REGISTERED NUMBER: 08757936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Shivisi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
Judgements made by the director, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment property is valued by the director. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market conditions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


SHIVISI LTD (REGISTERED NUMBER: 08757936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance
Equipment - 25% reducing balance

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SHIVISI LTD (REGISTERED NUMBER: 08757936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 September 2022
and 31 August 2023 10,043
AMORTISATION
At 1 September 2022 4,769
Amortisation for year 753
At 31 August 2023 5,522
NET BOOK VALUE
At 31 August 2023 4,521
At 31 August 2022 5,274

6. TANGIBLE FIXED ASSETS
Fixtures
and
Equipment fittings Totals
£    £    £   
COST
At 1 September 2022 4,038 3,596 7,634
Additions - 16,613 16,613
At 31 August 2023 4,038 20,209 24,247
DEPRECIATION
At 1 September 2022 1,462 2,363 3,825
Charge for year 483 4,462 4,945
At 31 August 2023 1,945 6,825 8,770
NET BOOK VALUE
At 31 August 2023 2,093 13,384 15,477
At 31 August 2022 2,576 1,233 3,809

SHIVISI LTD (REGISTERED NUMBER: 08757936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 1
NET BOOK VALUE
At 31 August 2023 1
At 31 August 2022 1

The company holds the ordinary issued share capital of Shivisi Investments Ltd, incorporated and registered in England and Wales. The registered address of Shivisi Investments Ltd is 19 Clock House, 149 Stamford Hill, London, N16 5LG.

Consolidated financial statements have not been prepared as the company has taken advantage of the exemptions conferred by Section 398 Companies Act 2006.

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 233,000
NET BOOK VALUE
At 31 August 2023 233,000
At 31 August 2022 233,000

The director is of the opinion that £233,000 represents the open market value of the company's investment property at 31 August 2023. This historical cost of the investment property is £117,085 (2022: £117,085).

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 766,654 631,020

SHIVISI LTD (REGISTERED NUMBER: 08757936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,861 194,070
Trade creditors 402 240
Amounts owed to group undertakings 27,438 61,756
Taxation 109,298 107,631
Other creditors 404,876 181,118
551,875 544,815

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans due in more than one year 210,861 31,149

The bank loan is secured by legal charges over the company's investment property.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 27,600 19,000

Deferred
tax
£   
Balance at 1 September 2022 19,000
Movement during the year 8,600
Balance at 31 August 2023 27,600

13. RELATED PARTY DISCLOSURES

Other debtors include amounts of £240,658 (2022: £Nil) due from companies of which the director of the company is also a director.

Other creditors include amounts of £9,686 (2022: £251,696) due to companies of which the director of the company is also a director.

Other than amounts disclosed above, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.