1 February 2024 v2025.12.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP105647302024-02-012025-01-31105647302025-01-31105647302024-01-3110564730core:WithinOneYear2025-01-3110564730core:WithinOneYear2024-01-3110564730core:AfterOneYear2025-01-3110564730core:AfterOneYear2024-01-3110564730core:ShareCapital2025-01-3110564730core:ShareCapital2024-01-3110564730core:RetainedEarningsAccumulatedLosses2025-01-3110564730core:RetainedEarningsAccumulatedLosses2024-01-3110564730bus:Director12024-02-012025-01-3110564730bus:RegisteredOffice2024-02-012025-01-31105647302023-02-012024-01-3110564730core:LandBuildings2025-01-3110564730core:LandBuildings2024-01-311056473012024-02-012025-01-3110564730countries:EnglandWales2024-02-012025-01-3110564730bus:AuditExempt-NoAccountantsReport2024-02-012025-01-3110564730bus:PrivateLimitedCompanyLtd2024-02-012025-01-3110564730bus:SmallEntities2024-02-012025-01-3110564730bus:FullAccounts2024-02-012025-01-31
Company registration number:
10564730
Invent Holdings Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2025
Invent Holdings Limited
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 5
423,735
 
423,735
 
Current assets    
Debtors 6
50
 
739
 
Cash at bank and in hand
1,070
 
510
 
1,120
 
1,249
 
Creditors: amounts falling due within one year 7
(91,163
)
(89,585
)
Net current liabilities
(90,043
)
(88,336
)
Total assets less current liabilities 333,692   335,399  
Creditors: amounts falling due after more than one year 8
(297,402
)
(306,412
)
Net assets
36,290
 
28,987
 
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
36,280
 
28,977
 
Shareholders funds
36,290
 
28,987
 
For the year ending
31 January 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
28 February 2025
, and are signed on behalf of the board by:
D McCarthy
Director
Company registration number:
10564730
Invent Holdings Limited
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
24 Oxford Street
,
Whitstable
,
Kent
,
CT5 1DD
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents rent received for services provided in the normal course of business.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Tangible assets

Land and buildings
£
Cost  
At
1 February 2024
and
31 January 2025
423,735
 
Depreciation  
At
1 February 2024
and
31 January 2025
-  
Carrying amount  
At
31 January 2025
423,735
 
At 31 January 2024
423,735
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Carrying value at
1 February 2024
and
31 January 2025
423,735
 
Investment property comprises a rental property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by a director with years of experience in property valuation. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties and is considered to be the same as cost plus improvements.

6 Debtors

20252024
££
Trade debtors -  
700
 
Other debtors
50
 
39
 
50
 
739
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
23,424
 
23,424
 
Trade creditors
815
 
738
 
Taxation and social security
1,713
 
2,688
 
Other creditors
65,211
 
62,735
 
91,163
 
89,585
 
The bank loan is secured on the freehold investment property.

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
297,402
 
306,412
 
The bank loan is secured on the freehold investment property