IVL Group London Ltd

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

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.

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.

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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 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 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 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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