Registered number
04877589
Cavendish Vivendi Ltd
Report and Accounts
31 March 2024
Cavendish Vivendi Ltd
Registered number: 04877589
Balance Sheet
as at 31 March 2024
As restated
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 49,500 49,500
Investments 6 1,195,192 1,022,128
1,244,692 1,071,628
Current assets
Debtors 7 1,801,917 814,088
Cash at bank and in hand 833,971 1,472,392
2,635,888 2,286,480
Creditors: amounts falling due within one year 8 (745,631) (443,407)
Net current assets 1,890,257 1,843,073
Net assets 3,134,949 2,914,701
Capital and reserves
Called up share capital 200 200
Share premium 671,470 671,470
Profit and loss account 2,463,279 2,243,031
Shareholders' funds 3,134,949 2,914,701
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Boggett
Director
Approved by the board on 2 October 2024
Cavendish Vivendi Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Listed and other investments are measured at fair value. Changes in fair value are included in the profit and loss account.
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Prior year adjustment
The comparatives have been restated for a prior year adjustment in respect of employer National Insurance contirbutions due for the amount of £17,960. Creditors have been restated by this amount and profit after tax has decreased to a loss of £1,423 as a result of the restatement.
3 Investments in property and land
Investments in property and land are measured at fair value with no provision for depreciation. The fair value is assessed by the directors on an annual basis. Changes in fair value are included in the profit and loss account.
4 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
5 Tangible fixed assets
Land and buildings Equipment etc Total
£ £ £
Fair value
At 1 April 2023 49,500 4,200 53,700
At 31 March 2024 49,500 4,200 53,700
Depreciation
At 1 April 2023 - 4,200 4,200
At 31 March 2024 - 4,200 4,200
Net book value
At 31 March 2024 49,500 - 49,500
At 31 March 2023 49,500 - 49,500
Freehold land and buildings: 2024 2023
£ £
Historical cost 49,500 49,500
49,500 49,500
6 Investments
Other
investments
£
Fair value
At 1 April 2023 1,022,128
Additions 7,575
Disposals (5,905)
At 31 March 2024 1,195,192
7 Debtors 2024 2023
£ £
Amounts due within one year 121,916 34,088
Amounts due after more than one year 1,680,001 780,000
As restated
8 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,866 -
Other taxes and social security costs 34,003 31,588
Other creditors 708,762 411,819
745,631 443,407
9 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year: Dividends paid 2,000 3,853
10 Related party transactions
The directors have advanced a loan to the company of £708,762 (2023: £411,819) which is interest free and repayable on demand.
11 Other information
Cavendish Vivendi Ltd is a private company limited by shares and incorporated in England. Its registered office is:
366 Chester Road
Woodford
Stockport
Cheshire
SK7 1QG
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