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REGISTERED NUMBER: 09413047 (England and Wales)


















Unaudited Financial Statements

for the Period 1 April 2023 to 1 October 2024

for

Momento Vivere Limited

Momento Vivere Limited (Registered number: 09413047)






Contents of the Financial Statements
for the Period 1 April 2023 to 1 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Momento Vivere Limited

Company Information
for the Period 1 April 2023 to 1 October 2024







DIRECTORS: Mr P A Wilson
Mrs J Wilson





REGISTERED OFFICE: 9 The Avenue
Clifton
York
North Yorkshire
YO30 6AS





REGISTERED NUMBER: 09413047 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD

Momento Vivere Limited (Registered number: 09413047)

Balance Sheet
1 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 199
Investments 6 865,443 196,682
Investment property 7 - 1,354,671
865,443 1,551,552

CURRENT ASSETS
Debtors 8 622,469 400,020
Cash at bank 12,400 167,917
634,869 567,937
CREDITORS
Amounts falling due within one year 9 15,440 71,330
NET CURRENT ASSETS 619,429 496,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,484,872

2,048,159

CREDITORS
Amounts falling due after more than one
year

10

-

(375,316

)

PROVISIONS FOR LIABILITIES (473 ) (2,226 )
NET ASSETS 1,484,399 1,670,617

CAPITAL AND RESERVES
Called up share capital 12 130 130
Fair value reserve 9,492 9,492
Retained earnings 1,474,777 1,660,995
SHAREHOLDERS' FUNDS 1,484,399 1,670,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 1 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Momento Vivere Limited (Registered number: 09413047)

Balance Sheet - continued
1 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr P A Wilson - Director


Momento Vivere Limited (Registered number: 09413047)

Notes to the Financial Statements
for the Period 1 April 2023 to 1 October 2024

1. STATUTORY INFORMATION

Momento Vivere Limited 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.

The company ceased to trade before the balance sheet date therefore the Director's assessment is that the Company is no longer a going a concern thus these financial statements are prepared on the breakup basis.

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

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of management services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the proportion of time lapsed.

Turnover from the provision of holiday let accommodation is also recognised by reference to the stage of completion at the balance sheet date when the outcome of a transaction can be estimated reliably. Stage of completion is measured by reference to the period of letting.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


Momento Vivere Limited (Registered number: 09413047)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 1 October 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 5,544
Disposals (5,544 )
At 1 October 2024 -
DEPRECIATION
At 1 April 2023 5,345
Eliminated on disposal (5,345 )
At 1 October 2024 -
NET BOOK VALUE
At 1 October 2024 -
At 31 March 2023 199

Momento Vivere Limited (Registered number: 09413047)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 1 October 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 196,682
Additions 911,689
Disposals (234,923 )
Revaluations (8,005 )
At 1 October 2024 865,443
NET BOOK VALUE
At 1 October 2024 865,443
At 31 March 2023 196,682

The listed investments have been provided at market value at the period end. The costs of these investments was £184,964.

7. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023 1,354,671
Additions 3,535
Disposals (1,358,206 )
At 1 October 2024 -
NET BOOK VALUE
At 1 October 2024 -
At 31 March 2023 1,354,671

8. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 2,709
Other debtors 622,469 299,600
622,469 302,309

Amounts falling due after more than one year:
Other debtors - 97,711

Aggregate amounts 622,469 400,020

Momento Vivere Limited (Registered number: 09413047)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 1 October 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 34,684
Trade creditors - 3,217
Taxation and social security 7,867 26,436
Other creditors 7,573 6,993
15,440 71,330

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 375,316

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments - 228,670
- 228,670

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan - 364,334

The bank loan is secured on the Investment property.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary A £1 85 85
45 Ordinary B £1 45 45
130 130

Momento Vivere Limited (Registered number: 09413047)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 1 October 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 1 October 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Mr P A Wilson
Balance outstanding at start of period 298,285 236,745
Amounts advanced 207,911 61,540
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 506,196 298,285

Interest has been charged on the overdrawn directors' loan account at 2.5% p.a.