Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3132023-04-01falseFinancial intermediation not elsewhere classified3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10701359 2023-04-01 2024-03-31 10701359 2022-04-01 2023-03-31 10701359 2024-03-31 10701359 2023-03-31 10701359 c:Director1 2023-04-01 2024-03-31 10701359 d:FurnitureFittings 2023-04-01 2024-03-31 10701359 d:FurnitureFittings 2024-03-31 10701359 d:FurnitureFittings 2023-03-31 10701359 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10701359 d:ComputerEquipment 2023-04-01 2024-03-31 10701359 d:ComputerEquipment 2024-03-31 10701359 d:ComputerEquipment 2023-03-31 10701359 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10701359 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10701359 d:CurrentFinancialInstruments 2024-03-31 10701359 d:CurrentFinancialInstruments 2023-03-31 10701359 d:Non-currentFinancialInstruments 2024-03-31 10701359 d:Non-currentFinancialInstruments 2023-03-31 10701359 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10701359 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10701359 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10701359 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10701359 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10701359 d:ShareCapital 2024-03-31 10701359 d:ShareCapital 2023-03-31 10701359 d:SharePremium 2024-03-31 10701359 d:SharePremium 2023-03-31 10701359 d:RetainedEarningsAccumulatedLosses 2024-03-31 10701359 d:RetainedEarningsAccumulatedLosses 2023-03-31 10701359 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10701359 c:OrdinaryShareClass1 2024-03-31 10701359 c:OrdinaryShareClass1 2023-03-31 10701359 c:OrdinaryShareClass2 2023-04-01 2024-03-31 10701359 c:OrdinaryShareClass2 2024-03-31 10701359 c:OrdinaryShareClass2 2023-03-31 10701359 c:FRS102 2023-04-01 2024-03-31 10701359 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10701359 c:FullAccounts 2023-04-01 2024-03-31 10701359 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10701359 2 2023-04-01 2024-03-31 10701359 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10701359









LEVENDI INVESTMENT MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LEVENDI INVESTMENT MANAGEMENT LTD
REGISTERED NUMBER: 10701359

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,195
2,220

  
9,195
2,220

Current assets
  

Debtors: amounts falling due within one year
 5 
127,279
5,647

Cash at bank and in hand
 6 
110,995
173,184

  
238,274
178,831

Creditors: amounts falling due within one year
 7 
(43,412)
(19,377)

Net current assets
  
 
 
194,862
 
 
159,454

Total assets less current liabilities
  
204,057
161,674

Creditors: amounts falling due after more than one year
 8 
(13,945)
(24,112)

  

Net assets
  
190,112
137,562


Capital and reserves
  

Called up share capital 
 10 
613
578

Share premium account
  
519,901
519,901

Profit and loss account
  
(330,402)
(382,917)

  
190,112
137,562


Page 1

 
LEVENDI INVESTMENT MANAGEMENT LTD
REGISTERED NUMBER: 10701359
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr F A Copplestone
Director

Date: 25 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Levendi Investment Management Ltd is a private company limited by shares. The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
on reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
8,469
2,641
11,110


Additions
2,263
5,422
7,685



At 31 March 2024

10,732
8,063
18,795



Depreciation


At 1 April 2023
6,249
2,641
8,890


Charge for the year on owned assets
559
151
710



At 31 March 2024

6,808
2,792
9,600



Net book value



At 31 March 2024
3,924
5,271
9,195



At 31 March 2023
2,220
-
2,220


5.


Debtors

2024
2023
£
£


Other debtors
127,244
5,647

Called up share capital not paid
35
-

127,279
5,647



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,995
173,184

110,995
173,184


Page 6

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,162
9,911

Trade creditors
-
6,706

Other taxation and social security
30,953
719

Other creditors
297
41

Accruals and deferred income
2,000
2,000

43,412
19,377



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,945
24,112

13,945
24,112



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,162
9,911


10,162
9,911

Amounts falling due 1-2 years

Bank loans
13,945
10,161

Amounts falling due 2-5 years

Bank loans
-
13,951


-
13,951


24,107
34,023


Page 7

 
LEVENDI INVESTMENT MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



52,068 (2023 - 52,068) Ordinary shares of £0.01 each
520.68
520.68
9,245 (2023 - 5,750) Ordinary B shares of £0.01 each
92.45
57.50

613.13

578.18





11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,321 (2023: £1,321). Contributions totalling £297 (2023: £40) were payable to the fund at the reporting date and are included in creditors.

 
Page 8