REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
Ars Vivendi Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
Ars Vivendi Investments Ltd |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Statement of Financial Position |
31 January 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Statement of Financial Position - continued |
31 January 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Fair value reserve | 12 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Ars Vivendi Investments Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Investment property |
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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 statement of financial position date. |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
£ |
COST |
Additions |
At 31 January 2024 |
DEPRECIATION |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
5. | FIXED ASSET INVESTMENTS |
Other |
investment |
£ |
COST |
Additions |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2023 |
Additions |
Revaluations | 649,423 |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
Investment property situated at 52 St Andrews Road, South, Lytham St Annes, FY81PS is under a charge from Hampshire Trust Bank PLC. The charge was created on 27th April 2022. |
Investment property situated at 31 Watson Road, Blackpool, FY4 1EG is under a charge from Ms Lending Group Limited. The charge was created on 19th July 2023. |
Investment property situated at 363 Lytham Road, Blackpool FY4 1EA is under a charge from Tudor Douglas Properties LTD. The charge was created on 14th December 2023. |
Investment properties situated at 1) 49 Lobelia Avenue, Liverpool L9 1JB 2) 51 Lobelia Avenue, Liverpool L9 1JB 3) 55 Lobelia Avenue, Liverpool L9 1JB 4) 59 Lobelia Avenue, Liverpool L9 1JB 5) 30 Chesterfield Road, Blackpool FY1 2PP 6) 44 Central Drive, Blackpool FY1 5QA are under a charge from Hampshire Trust Bank PLC. The charge was created on 5th December 2023. |
Investment properties situated at 1) 23 Osborne Road, Blackpool FY4 1HJ 2) 5 Dean Street, Blackpool FY4 1AU 3) 24 Laurel Road, Birkenhead, CH42 0JA 4) 24A Laurel Road, Birkenhead CH42 0JA are under a charge from Rocket Bridging Limited. The charge was created on 14th December 2023. |
Investment properties situated at 1) 59 Osborne Road, Blackpool, FY4 1HQ 2) 8 Crystal Road, Blackpool, FY1 6BS 3) 59 St Chads Road, Blackpool, FY1 6BP 4) 1 Handley Road, Blackpool, FY1 3HW are under a charge from Cambridge & Counties Bank Limited. The charge was created on 5th December 2023. |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
6. | INVESTMENT PROPERTY - continued |
Fair value at 31 January 2024 is represented by: |
£ |
Valuation in 2022 | 56,015 |
Valuation in 2023 | 480,512 |
Valuation in 2024 | 649,423 |
Cost | 4,051,550 |
5,237,500 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Bank loans and overdrafts |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.24 | 31.1.23 |
£ | £ |
Bank loans |
The loan amounting to £237,150 is secured by the way of charge on the property situated at 52 St Andrews Road, South, Lytham St Annes, FY81PS (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 27th April 2022. |
The loan amounting to £300,000 is secured by the way of charge on the property situated at 31 Watson Road, Blackpool, FY4 1EG (disclosed as investment property). The charge was created in the name of on Ms Lending Group Limited on 19th July 2023. |
The loan amounting to £100,000 is secured by the way of charge on the property situated at 363 Lytham Road, Blackpool FY4 1EA (disclosed as investment property). The charge was created in the name of on Tudor Douglas Properties LTD on 14th December 2023. |
The loan amounting to £388,829 is secured by the way of charge on the property situated at 1) 49 Lobelia Avenue, Liverpool L9 1JB 2) 51 Lobelia Avenue, Liverpool L9 1JB 3) 55 Lobelia Avenue, Liverpool L9 1JB 4) 59 Lobelia Avenue, Liverpool L9 1JB 5) 30 Chesterfield Road, Blackpool FY1 2PP 6) 44 Central Drive, Blackpool FY1 5QA (disclosed as investment property). The charge was created in the name of on Hampshire Trust Bank PLC on 5th December 2023. |
The loan amounting to £357,500 is secured by the way of charge on the property situated at 1) 23 Osborne Road, Blackpool FY4 1HJ 2) 5 Dean Street, Blackpool FY4 1AU 3) 24 Laurel Road, Birkenhead, CH42 0JA 4) 24A Laurel Road, Birkenhead CH42 0JA (disclosed as investment property). The charge was created in the name of on Rocket Bridging Limited on 14th December 2023. |
The loan amounting to £760,000 is secured by the way of charge on the property situated at 1) 59 Osborne Road, Blackpool, FY4 1HQ 2) 8 Crystal Road, Blackpool, FY1 6BS 3) 59 St Chads Road, Blackpool, FY1 6BP 4) 1 Handley Road, Blackpool, FY1 3HW (disclosed as investment property). The charge was created in the name of on Cambridge & Counties Bank Limited on 5th December 2023. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.24 | 31.1.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ars Vivendi Investments Ltd (Registered number: 13150267) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
12. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 February 2023 |
Transfer to/from reserves | 612,942 |
At 31 January 2024 |
13. | RELATED PARTY DISCLOSURES |
The company owes £192,554 (2023: £334,322) to its director, Mr Vincent Exalto who is also a 50% shareholder of the company as at accounting year end date. |
The company owes £1,195,119 (2023: £1,299,853) to its director, Mrs Suzanne Van Den Hoogen Exalto who is also a 50% shareholder of the company as at accounting year end date. |
The company owes £88,547 (2023: was owed £1,909) as at accounting year end date to Ars Vivendi Trading Ltd, a company registered in United Kingdom (Company registered number: 13150253). Mr Vincent Exalto and Mrs Suzanne Van Den Hoogen Exalto are also directors and shareholders of this company holding 50% each in this company. |
The company owes £1,419,404 (2023: was owed £200,332) to Damexa Investments Ltd, a company registered in the United Kingdom (Company registered number: 14312986), who is also a 51% shareholder of the company as of the accounting year end date. Mr. Vincent Exalto and Mrs. Suzanne Van Den Hoogen Exalto are also directors of this company. |