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Company Registration No. 14419651 (England and Wales)
The Hvn Wellbeing Ltd Unaudited accounts for the period from 14 October 2022 to 31 December 2023
The Hvn Wellbeing Ltd Unaudited accounts Contents
Page
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The Hvn Wellbeing Ltd Company Information for the period from 14 October 2022 to 31 December 2023
Directors
Massimo GIOIELLA Silvia ANGARANO
Company Number
14419651 (England and Wales)
Registered Office
57-63 Knightsbridge London SW1X 7BF England
Accountants
The Peek Partnership Limited Unit 1, Chancerygate Business Center Stonefield Way Ruislip Middlesex HA4 0JA
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The Hvn Wellbeing Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
336,013 
Current assets
Debtors
114,604 
Cash at bank and in hand
237 
114,841 
Creditors: amounts falling due within one year
(204,318)
Net current liabilities
(89,477)
Total assets less current liabilities
246,536 
Creditors: amounts falling due after more than one year
(1,052,691)
Net liabilities
(806,155)
Capital and reserves
Called up share capital
10 
Profit and loss account
(806,165)
Shareholders' funds
(806,155)
For the period 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Massimo GIOIELLA Director Company Registration No. 14419651
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The Hvn Wellbeing Ltd Notes to the Accounts for the period from 14 October 2022 to 31 December 2023
1
Statutory information
The Hvn Wellbeing Ltd is a private company, limited by shares, registered in England and Wales, registration number 14419651. The registered office is 57-63 Knightsbridge, London, SW1X 7BF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 25%
Fixtures & fittings
Straight Line 25%
Computer equipment
Straight Line 25%
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The directors of the company have a reasonable assurance from the shareholders that the company will continue to receive financial support to provide adequate resources to continue in its operational existence for the foreseeable future, being at least 12 months from the date of signing these financial statements. On this basis, the financial statements have been prepared on a going concern basis, which assumes the company will be able to meet its liabilities as and when they fall due for the foreseeable future. As of 31st December 2023, the company has net current liabilities of £204,318 and net liabilities of £806155. These include a shareholder's loan of £1,052,691 from its immediate parent company as well as (if applicable) non-current liabilities owed to the shareholders of the parent company.
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The Hvn Wellbeing Ltd Notes to the Accounts for the period from 14 October 2022 to 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 14 October 2022
- 
- 
- 
- 
Additions
206,147 
119,611 
65,315 
391,073 
At 31 December 2023
206,147 
119,611 
65,315 
391,073 
Depreciation
Charge for the period
18,972 
22,784 
13,304 
55,060 
At 31 December 2023
18,972 
22,784 
13,304 
55,060 
Net book value
At 31 December 2023
187,175 
96,827 
52,011 
336,013 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
102,742 
Trade debtors
465 
Other debtors
11,397 
114,604 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
185,744 
Taxes and social security
15,983 
Other creditors
1,049 
Deferred income
1,542 
204,318 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
1,052,691 
There is an amount of £ 1,052,691 in Creditors due after one year owed to Advitam Wellness Ltd, is the 100% shareholder of the company. Included in creditors £674,691 is for convertible loan which will be transferred as ordinary shares when the condition is met .
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10 
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The Hvn Wellbeing Ltd Notes to the Accounts for the period from 14 October 2022 to 31 December 2023
9
Transactions with related parties
There is an amount of £ 1,052,691 in Creditors due after one year owed to Advitam Wellness Ltd, a company is the owner of The HVN Welbeing Limited by virtue of 100% shareholdings.
10
Controlling party
The controlling party of the company is Advitam Welness Limited , a company incorporated in England and Wales with the registered address at 57-63 Knightsbridge, London, England, SW1X 7BF
11
Average number of employees
During the period the average number of employees was 5.
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