Acorah Software Products - Accounts Production 15.0.400 false true true 31 December 2022 27 September 2021 false 1 January 2023 31 December 2023 31 December 2023 13644198 Ariel Poler David Spiegel Reveri Health, Inc true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13644198 2022-12-31 13644198 2023-12-31 13644198 2023-01-01 2023-12-31 13644198 frs-core:CurrentFinancialInstruments 2023-12-31 13644198 frs-core:PlantMachinery 2023-12-31 13644198 frs-core:PlantMachinery 2023-01-01 2023-12-31 13644198 frs-core:PlantMachinery 2022-12-31 13644198 frs-core:ShareCapital 2023-12-31 13644198 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13644198 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13644198 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13644198 frs-bus:SmallEntities 2023-01-01 2023-12-31 13644198 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13644198 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13644198 1 2023-01-01 2023-12-31 13644198 frs-bus:Director1 2023-01-01 2023-12-31 13644198 frs-bus:Director2 2023-01-01 2023-12-31 13644198 frs-countries:EnglandWales 2023-01-01 2023-12-31 13644198 2021-09-26 13644198 2022-12-31 13644198 2021-09-27 2022-12-31 13644198 frs-core:CurrentFinancialInstruments 2022-12-31 13644198 frs-core:ShareCapital 2022-12-31 13644198 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13644198
Reveri Health Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13644198
31 December 2023 31 December 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,260 13,432
10,260 13,432
CURRENT ASSETS
Debtors 6 71 70
Cash at bank and in hand 12,237 2,796
12,308 2,866
Creditors: Amounts Falling Due Within One Year 7 (34,391 ) (3,608 )
NET CURRENT ASSETS (LIABILITIES) (22,083 ) (742 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,823 ) 12,690
NET (LIABILITIES)/ASSETS (11,823 ) 12,690
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (11,824 ) 12,689
SHAREHOLDERS' FUNDS (11,823) 12,690
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ariel Poler
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Reveri Health Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13644198 . The registered office is 5 New Street Square, London, EC4A 3TW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Although the balance sheet is currently negative the controlling parties have indicated their willingness to support the company for the foreseeable future, a period not anticipated to be less than one year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 7)
10 7
4. Prior Period Adjustment
Included in the prior year accounts was an amount of £598,712 that was treated as a loan received from Reveri Health Limited's parent company.  It has been confirmed that this amount is not repayable and as such should have been treated as other income in the company profit and loss account.  The correction has been made via a prior period adjustment and the resulting impact was an increase in retained earnings and a decrease in other creditors.
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5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 16,438
Additions 2,899
As at 31 December 2023 19,337
Depreciation
As at 1 January 2023 3,006
Provided during the period 6,071
As at 31 December 2023 9,077
Net Book Value
As at 31 December 2023 10,260
As at 1 January 2023 13,432
6. Debtors
31 December 2023 31 December 2022
as restated
£ £
Due within one year
Other debtors 71 70
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
as restated
£ £
Trade creditors 5,067 1,830
Other creditors 3,589 1,778
Taxation and social security 25,735 -
34,391 3,608
8. Share Capital
31 December 2023 31 December 2022
as restated
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
At the end of the year the company received £1,238,681 (2022: £598,712) from Reveri Health, Inc. a company controlled by the directors Ariel Poler and David Spiegel.
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10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Reveri Health, Inc . Reveri Health, Inc was incorporated in USA. The ultimate controlling party is Reveri Health, Inc who controls 100% of the shares of Reveri Health Limited .
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