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REGISTERED NUMBER: 06211753 (England and Wales)












Innovus Consulting Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Innovus Consulting Ltd (Registered number: 06211753)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Innovus Consulting Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr A R Phillips-Beyer





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 06211753 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Innovus Consulting Ltd (Registered number: 06211753)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,930 18,868
Investments 5 789,977 863,047
Investment property 6 - 4,805,452
809,907 5,687,367

CURRENT ASSETS
Debtors 7 3,559,579 2,453,004
Cash at bank 656,973 664,059
4,216,552 3,117,063
CREDITORS
Amounts falling due within one year 8 2,120,158 1,582,854
NET CURRENT ASSETS 2,096,394 1,534,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,906,301

7,221,576

CREDITORS
Amounts falling due after more than
one year

9

-

1,977,000
NET ASSETS 2,906,301 5,244,576

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,906,299 5,244,574
SHAREHOLDERS' FUNDS 2,906,301 5,244,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Innovus Consulting Ltd (Registered number: 06211753)

Balance Sheet - continued
31 March 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 director and authorised for issue on 21 March 2025 and were signed by:





Dr A R Phillips-Beyer - Director


Innovus Consulting Ltd (Registered number: 06211753)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Innovus Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33.33% straight line
Computer equipment - 33.33% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.


3. EMPLOYEES AND DIRECTORS

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

Innovus Consulting Ltd (Registered number: 06211753)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 90,421 30,355 4,316 125,092
Additions - - 1,240 1,240
At 31 March 2024 90,421 30,355 5,556 126,332
DEPRECIATION
At 1 April 2023 90,421 11,562 4,241 106,224
Charge for year - - 178 178
At 31 March 2024 90,421 11,562 4,419 106,402
NET BOOK VALUE
At 31 March 2024 - 18,793 1,137 19,930
At 31 March 2023 - 18,793 75 18,868

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 789,977 863,047

Additional information is as follows:
Other
investment
£   
COST
At 1 April 2023 696,156
Additions (28,702 )
Disposals (44,368 )
At 31 March 2024 623,086
NET BOOK VALUE
At 31 March 2024 623,086
At 31 March 2023 696,156

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Paintings & antiques 166,891 166,891

Innovus Consulting Ltd (Registered number: 06211753)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,805,452
Disposals (4,370,000 )
Revaluations (435,452 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,805,452

Fair value at 31 March 2024 is represented by:
£   

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,678 21,073
Other debtors 3,546,901 2,431,931
3,559,579 2,453,004

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 586,605
Trade creditors 1,738,906 633,573
Taxation and social security 381,235 328,927
Other creditors 17 33,749
2,120,158 1,582,854

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1,977,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 1,977,000