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Registered Number: 14609419
England and Wales

 

 

 

GENEREV LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025
Report to the directors on the preparation of the unaudited statutory accounts of Generev Limited for the year ended 31 January 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Generev Limited for the year ended 31 January 2025 which comprises the Statement of Financial Position, and related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Generev Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Generev Limited and state those matters that we have agreed to state to the Board of Directors of Generev Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Generev Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Generev Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Generev Limited. You consider that Generev Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Generev Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 January 2025.


Generev Limited
85 Great Portland Street
First Floor
London
London
W1W 7LT
11 July 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 750    1,000 
750    1,000 
Current assets      
Cash at bank and in hand 105    24 
Creditors: amount falling due within one year (3,023)   (1,759)
Net current assets (2,918)   (1,735)
 
Total assets less current liabilities (2,168)   (735)
Creditors: amount falling due after more than one year (5,689)   (2,747)
Net assets (7,857)   (3,482)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (7,957)   (3,582)
Shareholders' funds (7,857)   (3,482)
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 July 2025 and were signed by:


-------------------------------
Jerry Ofulue
Director
2
General Information
Generev Limited is a private company, registered in England and Wales, with registration number 14609419, and registered office address as 85 Great Portland Street, First Floor, London, W1W 7LT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company  has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Fee Income
Fee Income comprises the invoiced value of services supplied by the company.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets over their expected useful lives on the following basis:

Computer Equipment 20/5 Reducing Balance
2.

Average number of employees

Nil
Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 February 2024  
Additions 1,250    1,250 
Disposals  
At 31 January 2025 1,250    1,250 
Depreciation
At 01 February 2024 250    250 
Charge for year 250    250 
On disposals  
At 31 January 2025 500    500 
Net book values
Closing balance as at 31 January 2025 750    750 
Opening balance as at 01 February 2024 1,000    1,000 


4.

Share Capital

Allotted, called up and fully paid
2025
£
  2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

3