Company registration number 13303788
MVMI Limited
Unaudited Financial Statements
for the year ended 31 March 2024
Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
MVMI Limited
Financial statements for the year ended 31 March 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of MVMI Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of MVMI Limited for the year ended 31 March 2024, which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of MVMI Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MVMI Limited and state those matters that we have agreed to state to the Board of Directors of MVMI Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MVMI Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that MVMI Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of MVMI Limited. You consider that MVMI Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of MVMI Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
31 January 2025
MVMI Limited
Financial statements for the year ended 31 March 2024
Balance Sheet
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 197,593 215,511
Investments 4 1 1
197,594 215,512
Creditors: amounts falling due within one year 5 (408,003) (344,410)
Net current liabilities (408,003) (344,410)
Net liabilities (210,409) (128,898)
Capital and reserves
Called up share capital 1 1
Profit and loss account (210,410) (128,899)
Shareholder's funds (210,409) (128,898)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 31 January 2025 and are signed on its behalf by
A Santos
Director
Company registration number 13303788
MVMI Limited
Financial statements for the year ended 31 March 2024
Notes to the Financial Statements
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 applicable to companies subject to the small entities regime.
Going concern
The company had net liabilities and net current liabilities at the balance sheet date. The director has reviewed the company's anticipated future cash requirements and expects the company to have sufficient resources to be able to continue in operational existence for the foreseeable future, and consequently these financial statements have been prepared on a going concern basis.
Consolidation
The company and its subsidiary comprise a small group and have taken advantage of the exemption available within the Companies Act 2006 from the requirement to prepare consolidated financial statements. These financial statements therefore present information about the company only and not its group.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Expenditure on internally generated intangible assets is recognised when it is technically feasible to complete the asset, the company intends to complete and use or sell the asset, it is probable that the asset will generate future economic benefits, the company has adequate resources to complete and use or sell the asset, and the expenditure attributable to the asset can be measured reliably.

Intangible assets are amortised over their estimated useful economic lives, commencing when the asset is complete and available for use. The company's intangible asset is being amortised over five years on a straight line basis.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.
Creditors
Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost 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. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet.

Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited directly to equity.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Cost
At 1 April 2023 340,414
Additions 62,706
At 31 March 2024 403,120
Amortisation
At 1 April 2023 124,903
Provided during the year 80,624
At 31 March 2024 205,527
Net book value
At 31 March 2024 197,593
At 31 March 2023 215,511
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 1
At 31 March 2024 1
Investments comprise the entire issued share capital of Beeyay Limited, a company incorporated in England whose principal activity is the operation of a ticket sales website.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,333 4,471
Other creditors 406,670 339,939
408,003 344,410
6 Related party transactions
The company has taken advantage of the exemption within Financial Reporting Standard 102 from disclosing transactions with other group companies.
7 Parent company
The company's parent company is MVM Limited, a company registered in Guernsey with its registered office at Second Floor, St Peter's House, Le Bordage, St Peter Port, Guernsey, GY1 1BR.
8 Other information
MVMI Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
EC1V 2NX
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