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REGISTERED NUMBER: 08951901 (England and Wales)


Pivaz Ltd

Abridged Financial Statements

for the Year Ended 31 March 2024






Pivaz Ltd (Registered number: 08951901)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Pivaz Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr E Kaya





REGISTERED OFFICE: 606 Cassia Point
2 Glasshouse Gardens
London
E20 1HU





REGISTERED NUMBER: 08951901 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Pivaz Ltd (Registered number: 08951901)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 4,909 99,960
Cash at bank and in hand 442 1,088
5,351 101,048
CREDITORS
Amounts falling due within one year 5 7,958 103,691
NET CURRENT LIABILITIES (2,607 ) (2,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,607

)

(2,643

)

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 7 (3,607 ) (3,643 )
SHAREHOLDERS' FUNDS (2,607 ) (2,643 )

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr E Kaya - Director


Pivaz Ltd (Registered number: 08951901)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Pivaz Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when customers take delivery of the goods.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pivaz Ltd (Registered number: 08951901)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company is dependent on the financial support from the director of the company and other companies in the group. The director expects that this support will continue. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 4,909 99,960

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,813 16,313
Amounts owed to group undertakings - 54,280
Taxation and social security 8 29,901
Other creditors 6,137 3,197
7,958 103,691

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

Pivaz Ltd (Registered number: 08951901)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. RESERVES
Retained
earnings
£   

At 1 April 2023 (3,643 )
Profit for the year 36
At 31 March 2024 (3,607 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

9. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel at balance sheet date of £497 (2023: £1,271). No interest is charged on this balance and it is repayable on demand.

10. CONTROLLING PARTY

The controlling party is Romet Group Ltd.