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REGISTERED NUMBER: 11597111 (England and Wales)













NVENTIC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






NVENTIC LTD (REGISTERED NUMBER: 11597111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


NVENTIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Dr M J Bardell
Bardell





REGISTERED OFFICE: 62 Allison Road
London
United Kingdom
N8 0AT





REGISTERED NUMBER: 11597111 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

NVENTIC LTD (REGISTERED NUMBER: 11597111)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,273 1,634

CURRENT ASSETS
Debtors 5 13,268 26,538
Cash at bank 26,726 149,803
39,994 176,341
CREDITORS
Amounts falling due within one year 6 2,355 33,288
NET CURRENT ASSETS 37,639 143,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,912

144,687

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 39,712 144,487
SHAREHOLDERS' FUNDS 39,912 144,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Dr M J Bardell - Director


NVENTIC LTD (REGISTERED NUMBER: 11597111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Nventic 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

NVENTIC LTD (REGISTERED NUMBER: 11597111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 3,083
Additions 1,917
At 31 December 2024 5,000
DEPRECIATION
At 1 January 2024 1,449
Charge for year 1,278
At 31 December 2024 2,727
NET BOOK VALUE
At 31 December 2024 2,273
At 31 December 2023 1,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 23,150
Tax 12,743 -
Value added tax 138 2,943
Called up share capital not paid 100 100
Prepayments 287 345
13,268 26,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 20,244
Social security and other taxes 413 514
Other creditors 1,920 11,769
Directors' loan accounts 22 761
2,355 33,288

NVENTIC LTD (REGISTERED NUMBER: 11597111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
940 Ordinary A £0.10 94 94
60 Ordinary B £0.10 6 6
100 100

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Deferred £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 144,487
Deficit for the year (40,695 )
Dividends (64,080 )
At 31 December 2024 39,712

9. RELATED PARTY DISCLOSURES

The company is controlled by Nventic GmbH, Kirtaweg 19, 81829 Munich. During the period the company raised invoices totalling £24,609 to Nventic GmbH (2023 - £23,150) . The balance owed to the company as at 31 December 2024 was £Nil (2023 - £23,150).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Daniel Weil.