Acorah Software Products - Accounts Production 16.3.350 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10916990 Mr Jason Lancini Mr Ian Lancini IVL Group Pty Ltd Level 1, Victoria Point Tavern, 349-369 Colburn Avenue, Brisbane, Queensland, Australia, 4165 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10916990 2023-06-30 10916990 2024-06-30 10916990 2023-07-01 2024-06-30 10916990 frs-core:CurrentFinancialInstruments 2024-06-30 10916990 frs-core:ShareCapital 2024-06-30 10916990 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10916990 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10916990 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10916990 frs-bus:SmallEntities 2023-07-01 2024-06-30 10916990 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10916990 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10916990 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10916990 frs-bus:OrdinaryShareClass1 2024-06-30 10916990 1 2023-07-01 2024-06-30 10916990 frs-core:CostValuation 2023-06-30 10916990 frs-core:CostValuation 2024-06-30 10916990 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 10916990 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 10916990 frs-bus:Director1 2023-07-01 2024-06-30 10916990 frs-bus:Director2 2023-07-01 2024-06-30 10916990 frs-countries:EnglandWales 2023-07-01 2024-06-30 10916990 2022-06-30 10916990 2023-06-30 10916990 2022-07-01 2023-06-30 10916990 frs-core:CurrentFinancialInstruments 2023-06-30 10916990 frs-core:ShareCapital 2023-06-30 10916990 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10916990 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 10916990
IVL Group London Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
IVL Group London Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
IVL Group London Ltd
Balance Sheet
As At 30 June 2024
Balance Sheet
Registered number: 10916990

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 768,915 |  | 768,915
|  |  | 768,915 |  | 768,915
CURRENT ASSETS
Debtors | 5 | 16,394 |  | 47,011 |
Cash at bank and in hand |  | 4,243 |  | 181,674 |
|  | 20,637 |  | 228,685 |
Creditors: Amounts Falling Due Within One Year | 6 | (798,949 ) |  | (1,006,036 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (778,312 ) |  | (777,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (9,397 ) |  | (8,436 )
NET LIABILITIES |  |  | (9,397 ) |  | (8,436 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | (9,497 ) |  | (8,536 )
SHAREHOLDERS' FUNDS |  |  | (9,397) |  | (8,436)

For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Jason Lancini Director
16th June 2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
IVL Group London Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2024
Notes to the Financial Statements
1. General Information
IVL Group London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10916990 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements present information about the company as an indiviual undertaking and not about its group. The company and its subsidiary comprise a small size group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis based on the parent company's continued support and that the company will reverse the deficit position indicated by the Balance Sheet. The financial statements therefore do not include any adjustments that would result from a withdrawal of support or failure to reverse the deficit position in respect of revaluing assets to their recoverable values or providing for further liabilities that might otherwise arise.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 July 2023 | 768,915
As at 30 June 2024 | 768,915
Provision
As at 1 July 2023 | -
As at 30 June 2024 | -
Net Book Value
As at 30 June 2024 | 768,915
As at 1 July 2023 | 768,915

The company holds 6,106,333 A Ordinary Shares and 332,521 Ordinary Shares which in total represents 43.91% of the equity shares of technology company, Aphex Software Limited.
Page 2
Page 3
IVL Group London Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2024
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | - |  | 30,617
Other debtors | 16,394 |  | 16,394
| 16,394 |  | 47,011

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 1,500 |  | 23,487
Directors' loan accounts | 240 |  | 240
Amounts owed to group undertakings | 797,209 |  | 982,309
| 798,949 |  | 1,006,036

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.000 each | 100 |  | 100

8. Related Party Transactions
IVL Group Pty LtdParent CompanyThe parent company has lent funds to the company on an unsecured with no fixed date for repayment. IVL Group Pty Ltd charged a facility fee of £NIL (2023: £21,987 ) to the company during the year.The loan balance owed on to the parent company at 30 June 2024 was £797,209. (2023: £965,476)

IVL Group Pty Ltd

Parent Company

The parent company has lent funds to the company on an unsecured with no fixed date for repayment. IVL Group Pty Ltd charged a facility fee of £NIL (2023: £21,987 ) to the company during the year.The loan balance owed on to the parent company at 30 June 2024 was £797,209. (2023: £965,476)

Aphex Software LimitedSubsidiary UndertakingThe company has lent funds to its subsidiary, Aphex Software Limited, on an unsecured interest free basis with no fixed date for repayment. The balance on the loan owed to the subsidiary at 30 June 2024 was £NIL. (2023: owed by the subsidiary £16,833)

Aphex Software Limited

Subsidiary Undertaking

The company has lent funds to its subsidiary, Aphex Software Limited, on an unsecured interest free basis with no fixed date for repayment. The balance on the loan owed to the subsidiary at 30 June 2024 was £NIL. (2023: owed by the subsidiary £16,833)

Jason LanciniDirectorMr Lancini has lent and has been lent company funds on an unsecured, interest free basis with no fixed date for repayment. The amount due from Mr Lancini at 30 June 2024 amounted to £3,039 (2023: £3,039).

Jason Lancini

Director

Mr Lancini has lent and has been lent company funds on an unsecured, interest free basis with no fixed date for repayment. The amount due from Mr Lancini at 30 June 2024 amounted to £3,039 (2023: £3,039).

9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is IVL Group Pty Ltd . IVL Group Pty Ltd was incorporated in Australia. Copies of the group accounts may be obtained from the secretary, Level 1, Victoria Point Tavern, 349-369 Colburn Avenue, Brisbane, Queensland, Australia, 4165 . The ultimate controlling party is IVL Group Pty Ltd who controls 100% of the shares of IVL Group London Ltd .
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