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Company Registration No. 10649073 (England and Wales)
Orveda UK Limited Unaudited Financial Statements for the year ended 31 December 2024
Orveda UK Limited Unaudited Financial Statements Contents
Page
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Orveda UK Limited Company Information for the year ended 31 December 2024
Director
Nicolas Vu
Company Number
10649073 (England and Wales)
Registered Office
10 New Street London EC2M 4TP
Accountants
Finovium & Co 7 Bell Yard London WC2A 2JR
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Orveda UK Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
15,974 
15,607 
Creditors: amounts falling due within one year
(322,561)
(320,605)
Net current liabilities
(306,587)
(304,998)
Net liabilities
(306,587)
(304,998)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(306,588)
(304,999)
Shareholders' funds
(306,587)
(304,998)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
Nicolas Vu Director Company Registration No. 10649073
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Orveda UK Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Orveda UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10649073. The registered office is 10 New Street, London, EC2M 4TP. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These financial statements have been prepared on the assumption that the Company is a going concern. When assessing the foreseeable future, the Director has looked at a period of at least twelve months from the date of approval of this report and the working capital requirements of the Company. After making enquiries, the Director firmly believes that together with the financial support of the parent company, the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.
4
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Orveda UK Limited Notes to the Accounts for the year ended 31 December 2024
5
Transactions with related parties
The Company continues to receive the financial support of the director who has provided a loan to the Company totaling £56,003 at the Balance Sheet date (2022: £56,003). The loan balance does not attract interest and is repayable upon demand.
6
Controlling party
The company is a 100% owned subsidiary of Orveda Limited a company registered in England with registration number 09209025 whose registered office is 3rd Floor, 1-5 Wandsworth Road, London, SW8 2LN.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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