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REGISTERED NUMBER: SC527661 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Vivere XO Ltd.

Vivere XO Ltd. (Registered number: SC527661)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vivere XO Ltd.

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R C Murray





REGISTERED OFFICE: 22p Marine Parade Walk
Dundee
DD1 3AU





REGISTERED NUMBER: SC527661 (Scotland)





ACCOUNTANTS: Angela Campbell
Chartered Accountant
3 Maryfield Road
Broughty Ferry
DUNDEE
Tayside
DD5 2JJ

Vivere XO Ltd. (Registered number: SC527661)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12 12

CURRENT ASSETS
Debtors 5 34,563 32,768

CREDITORS
Amounts falling due within one year 6 51,876 52,358
NET CURRENT LIABILITIES (17,313 ) (19,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,301

)

(19,578

)

CREDITORS
Amounts falling due after more than one
year

7

20,305

23,836
NET LIABILITIES (37,606 ) (43,414 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (37,607 ) (43,415 )
(37,606 ) (43,414 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Vivere XO Ltd. (Registered number: SC527661)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2024 and were signed by:





R C Murray - Director


Vivere XO Ltd. (Registered number: SC527661)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from tour operations, luxury concierge services, corporate event experiences and consultancy.

Turnover therefore represents income from these sources, excluding tour operations, measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes.

Turnover from tour operations excludes discounts,rebates and other sales taxes but includes value added taxes, as do the related costs in connection with tour operations.

Tangible fixed assets
Tangible fixed assets held for the company's use are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on a straight line basis at the rate of 20% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment. If any indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Vivere XO Ltd. (Registered number: SC527661)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charges to the profit and loss account as incurred.

Going concern
At the date of signing of these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This has been assisted by the coronavirus bounce back loan, which was provided to finance the increase in demand for the company's services post covid.
The director anticipates the services provided by the company will continue to be in demand for the foreseeable future. Therefore the director has adopted the going concern basis in the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 1,030
DEPRECIATION
At 1 March 2023
and 29 February 2024 1,018
NET BOOK VALUE
At 29 February 2024 12
At 28 February 2023 12

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 34,563 32,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 8) 10,235 9,023
Trade creditors - 241
Taxation and social security 15,515 16,978
Other creditors 26,126 26,116
51,876 52,358

Vivere XO Ltd. (Registered number: SC527661)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 20,305 23,836

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,649 6,180

8. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,235 9,023
Other loans 18,233 17,567
28,468 26,590

Amounts falling due between one and two years:
Other loans - 1-2 years 7,062 7,062

Amounts falling due between two and five years:
Other loans - 2-5 years 10,594 10,594

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,649 6,180

The company received a coronavirus bounce back loan. The repayments commenced in 2022.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
R C Murray
Balance outstanding at start of year 9,600 12,230
Amounts advanced 2,213 -
Amounts repaid - (2,630 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,813 9,600

The loan by the company to the director is repayable on demand and is interest free.