Registered number
10742375
Invedu Ltd
Unaudited Filleted Accounts
30 April 2024
Invedu Ltd
Registered number: 10742375
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 502,689 502,689
Current assets
Debtors 4 435 170
Cash at bank and in hand 1,085 29,573
1,520 29,743
Creditors: amounts falling due within one year 5 (463,305) (506,149)
Net current liabilities (461,785) (476,406)
Net assets 40,904 26,283
Capital and reserves
Called up share capital 10 10
Profit and loss account 40,894 26,273
Shareholders' funds 40,904 26,283
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.
J Zhang
Director
Approved by the board on 17 January 2025
Invedu Ltd
Notes to the Accounts
for the year ended 30 April 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 represents the value of rental income receivable in respect of the company's investment properties.
Investment properties
The company's investment properties are initially recorded at cost, which includes the purchase price and any directly attributable expenditure. Investment properties are re-valued regularly to ensure that their carrying value in the accounts does not differ materially from their fair value at the balance sheet date. Changes in the fair value of the investment properties as a result of a revaluation are recognised in the profit and loss account and accumulated in the non-distributable profit and loss account reserve within capital and reserves.
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
Short term creditors are measured at transaction price (which is usually the invoice price). 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 502,689
At 30 April 2024 502,689
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 502,689
At 30 April 2023 502,689
The company's investment properties were acquired on 4 July 2019 and 14 October 2020, on a market value basis. The costs represent the transfer values, plus the associated costs of acquisition. The directors consider these costs to be representative of the fair values of the company's investment properties as at 30 April 2024.
4 Debtors 2024 2023
£ £
Other debtors 435 170
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,888 3,230
Other creditors 459,417 502,919
463,305 506,149
6 Related party transactions
Included within creditors: amounts falling due within one year are loans from the directors totalling £458,228 (2023 - £501,215). The loans are interest free and repayable on demand.
7 Other information
Invedu Ltd is a private company limited by shares and incorporated in England. Its registered office is:
139 Reedley Road
Bristol
BS9 1BG
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