Company registration number 09969643 (England and Wales)
ADIVENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE CESSATION ACCOUNTS PERIOD ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
ADIVENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ADIVENT LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
30 April 2025
31 July 2024
Notes
Fixed assets
Investments
4
-
0
50,000
Current assets
Debtors
5
14,441
152,802
Cash at bank and in hand
13,283
13,223
27,724
166,025
Creditors: amounts falling due within one year
6
(7,615)
(29,023)
Net current assets
20,109
137,002
Net assets
20,109
187,002
Capital and reserves
Called up share capital
7
1,300
1,300
Profit and loss reserves
18,809
185,702
Total equity
20,109
187,002

For the financial Cessation Accounts Period ended 30 April 2025 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 of its financial statements for the Cessation Accounts Period in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 May 2025 and are signed on its behalf by:
Mr Fabio Mazzoni
Director
Company registration number 09969643 (England and Wales)
ADIVENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE CESSATION ACCOUNTS PERIOD ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Adivent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 37-38 Long Acre, London, UK, WC2E 9JT.

1.1
Reporting period

FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in euros, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

ADIVENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE CESSATION ACCOUNTS PERIOD ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ADIVENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE CESSATION ACCOUNTS PERIOD ENDED 30 APRIL 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the Cessation Accounts Period was:

2025
2024
Number
Number
Total
-
0
-
0
4
Fixed asset investments
2025
2024
Other investments other than loans
-
0
50,000
Movements in fixed asset investments
Investments
Cost or valuation
At 1 August 2024
50,000
Disposals
(50,000)
At 30 April 2025
-
Carrying amount
At 30 April 2025
-
At 31 July 2024
50,000
5
Debtors
2025
2024
Amounts falling due within one year:
Other debtors
14,441
152,802
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
-
0
21,836
Other creditors
7,615
7,187
7,615
29,023
ADIVENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE CESSATION ACCOUNTS PERIOD ENDED 30 APRIL 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
Issued and fully paid
Ordinary shares of €1 each
1,000
1,000
1,300
1,300
2025-04-302024-08-01falsefalsefalse26 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr Fabio MazzoniMr Gianluca De MarchiMr Fabio Mazzoni099696432024-08-012025-04-30099696432025-04-30099696432024-07-3109969643core:ShareCapital2025-04-3009969643core:ShareCapital2024-07-3109969643core:RetainedEarningsAccumulatedLosses2025-04-3009969643core:RetainedEarningsAccumulatedLosses2024-07-3109969643core:ShareCapitalOrdinaryShareClass12025-04-3009969643core:ShareCapitalOrdinaryShareClass12024-07-3109969643bus:CompanySecretaryDirector12024-08-012025-04-30099696432023-08-012024-07-3109969643core:WithinOneYear2025-04-3009969643core:WithinOneYear2024-07-3109969643core:CurrentFinancialInstruments2025-04-3009969643core:CurrentFinancialInstruments2024-07-3109969643bus:OrdinaryShareClass12024-08-012025-04-3009969643bus:OrdinaryShareClass12025-04-3009969643bus:OrdinaryShareClass12024-07-3109969643bus:PrivateLimitedCompanyLtd2024-08-012025-04-3009969643bus:SmallCompaniesRegimeForAccounts2024-08-012025-04-3009969643bus:FRS1022024-08-012025-04-3009969643bus:AuditExemptWithAccountantsReport2024-08-012025-04-3009969643bus:Director12024-08-012025-04-3009969643bus:Director22024-08-012025-04-3009969643bus:CompanySecretary12024-08-012025-04-3009969643bus:FullAccounts2024-08-012025-04-30xbrli:purexbrli:sharesiso4217:GBP