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REGISTERED NUMBER: 07233620 (England and Wales)















INIVEA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






INIVEA LIMITED (REGISTERED NUMBER: 07233620)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INIVEA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N C E Sym
F W E Sym
J A E Sym





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN





REGISTERED NUMBER: 07233620 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

INIVEA LIMITED (REGISTERED NUMBER: 07233620)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 934,613 680,184
Investment property 5 2,150,000 2,150,000
3,084,613 2,830,184

CURRENT ASSETS
Debtors 6 169,899 43,863
Cash at bank and in hand 182,755 107,969
352,654 151,832
CREDITORS
Amounts falling due within one year 7 (905,884 ) (619,435 )
NET CURRENT LIABILITIES (553,230 ) (467,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,531,383

2,362,581

PROVISIONS FOR LIABILITIES (322,047 ) (248,825 )
NET ASSETS 2,209,336 2,113,756

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserves 1,101,767 1,171,803
Retained earnings 1,107,565 941,949
SHAREHOLDERS' FUNDS 2,209,336 2,113,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

INIVEA LIMITED (REGISTERED NUMBER: 07233620)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





N C E Sym - Director


INIVEA LIMITED (REGISTERED NUMBER: 07233620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Inivea Limited is a private company, limited by shares, and registered in England and Wales. The company's registered number is 07233620 and the registered office address is The Exchange, 5 Bank Street, Bury BL9 0DN.

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 as modified by the revaluation of certain assets.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical accounting estimates and judgements
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Determining the fair value of investment properties is considered a key judgement.

Revenue
Revenue is recognised on property rentals on a straight line basis over the period of the lease. Amounts invoiced in advance are deferred and included with creditors falling due within one year.

Lease incentives are spread on a straight-line basis over the lease term, or if shorter than the the full lease term, over the period to the review date on which the rent is first expected to be adjusted to the prevailing market rate.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
The investment property is shown at fair value, determined by the most recent valuation by the directors. Movements in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

INIVEA LIMITED (REGISTERED NUMBER: 07233620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

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.

Investments
Unlisted investments are shown at cost less any provision for permanent diminution in value.

Listed investments are measured at fair value.

Asset management income
Income in relation to asset management services is recognised as those services are provided.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in Listed Unlisted
associate investments investments Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 80,300 346,784 253,100 680,184
Additions - 210,248 - 210,248
Revaluations - 44,181 - 44,181
At 30 April 2024 80,300 601,213 253,100 934,613
NET BOOK VALUE
At 30 April 2024 80,300 601,213 253,100 934,613
At 30 April 2023 80,300 346,784 253,100 680,184

INIVEA LIMITED (REGISTERED NUMBER: 07233620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Interest
in Listed Unlisted
associate investments investments Totals
£    £    £    £   
Valuation in 2021 - 9,414 - 9,414
Valuation in 2022 - 7,480 - 7,480
Valuation in 2023 - (16,736 ) - (16,736 )
Valuation in 2024 - 44,181 - 44,181
Cost 80,300 556,874 253,100 890,274
80,300 601,213 253,100 934,613

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,150,000
NET BOOK VALUE
At 30 April 2024 2,150,000
At 30 April 2023 2,150,000

The investment properties were valued on an open market basis at 30 April 2024 by the directors.

The historical cost of investment properties is £726,186 (2023: £726,186).

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 15,510 825
Other debtors 147,446 19,428
162,956 20,253

Amounts falling due after more than one year:
Other debtors 6,943 23,610

Aggregate amounts 169,899 43,863

INIVEA LIMITED (REGISTERED NUMBER: 07233620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,310 1,530
Taxation and social security 84,709 46,240
Other creditors 796,865 571,665
905,884 619,435

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
F W E Sym
Balance outstanding at start of year - -
Amounts advanced 86,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,000 -

This advance is unsecured, interest free and repayable on demand. There was one advance during the year of £86,000.