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REGISTERED NUMBER: 12457946 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Inveztor Ltd

Inveztor Ltd (Registered number: 12457946)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Inveztor Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: Ms K M James
A J Sharpe
R J A Eastwood





REGISTERED OFFICE: 25 Eccleston Place
London
SW1W 9NF





REGISTERED NUMBER: 12457946 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Inveztor Ltd (Registered number: 12457946)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 1,103,300 478,816
Tangible assets 5 20,510 7,055
1,123,810 485,871

CURRENT ASSETS
Debtors 6 526,296 212,940
Cash at bank 399,011 503,982
925,307 716,922
CREDITORS
Amounts falling due within one year 7 (10,199 ) (12,456 )
NET CURRENT ASSETS 915,108 704,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,038,918

1,190,337

CAPITAL AND RESERVES
Called up share capital 17 15
Share premium 2,722,973 1,293,990
Retained earnings (684,072 ) (103,668 )
2,038,918 1,190,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 25 November 2024 and were signed on its behalf by:





Ms K M James - Director


Inveztor Ltd (Registered number: 12457946)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Inveztor Ltd 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.

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

Intangible assets - computer software
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Computer software development costs are amortised evenly over their estimated useful life of 10 years.

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 - 25% on reducing balance

Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Inveztor Ltd (Registered number: 12457946)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2023 487,695
Additions 710,973
At 31 December 2023 1,198,668
AMORTISATION
At 1 January 2023 8,879
Charge for year 86,489
At 31 December 2023 95,368
NET BOOK VALUE
At 31 December 2023 1,103,300
At 31 December 2022 478,816

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 8,408
Additions 18,697
At 31 December 2023 27,105
DEPRECIATION
At 1 January 2023 1,353
Charge for year 5,242
At 31 December 2023 6,595
NET BOOK VALUE
At 31 December 2023 20,510
At 31 December 2022 7,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 29,265 -
Other debtors 497,031 212,940
526,296 212,940

Inveztor Ltd (Registered number: 12457946)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 7,212 -
Taxation and social security - 5,139
Other creditors 2,987 7,317
10,199 12,456

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£ £
Ms K M James
Balance outstanding at start of year (4,567 ) (1,726 )
Amounts advanced 291,538 63,580
Amounts repaid (211,134 ) (66,421 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,837 (4,567 )

The above advances were unsecured and repayable on demand.

Following the collapse of Silicon Valley Bank in March 2023 and subsequent knock on effects to other neobanks, it was agreed by the board of directors to diversify where the company's funds were held in order to protect the company from any one bank defaulting. As part of this policy, the board requested Ms K M James to personally safeguard £250,000 at her bank, which is included in the above director advances. £211,134 was returned to the company bank account by the 2023 year end, when the uncertainty regarding the global banking system had largely dissipated. The remaining balance of £38,866 was returned within 9 months of the company's year end.

9. RELATED PARTY DISCLOSURES

Included in other debtors is £75,837 (2022: other creditors £4,567) owed from Ms K M James, a director of the company. This loan is unsecured and repayable on demand. The loan balance amount was repaid to the company in full by 30 September 2024. Further details regarding this balance can be found in the Directors' Advances note above.

10. ULTIMATE CONTROLLING PARTY

Ms K M James, a director, is the controlling party by virtue of owning more than 50% of the issued share capital.