FOR THE YEAR ENDED 31 MARCH 2025
AIVEDA LIMITED
COMPANY INFORMATION
AIVEDA LIMITED
CONTENTS
AIVEDA LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present the Strategic Report, Directors’ Report, and the audited financial statements for Aiveda Limited for the year ended 31 March 2025. The consolidated financial statements incorporate the results of the parent company and its subsidiaries and therefore this strategic report covers the group's business.
This Strategic Report outlines the Group’s financial performance, strategic initiatives, and market position for the financial year, providing insight into the challenges and opportunities encountered within the care home sector.
PRINCIPAL ACTIVITIES
The Group’s core activity is the provision of residential and related care facilities for the elderly and disabled. The Group delivers high-quality, compassionate care, with a strong emphasis on maintaining the dignity and well-being of residents.
Services offered include:
This Strategic Report outlines the Group’s financial performance, strategic initiatives, and market position for the financial year, providing insight into the challenges and opportunities encountered within the care home sector.
PRINCIPAL ACTIVITIES
The Group’s core activity is the provision of residential and related care facilities for the elderly and disabled. The Group delivers high-quality, compassionate care, with a strong emphasis on maintaining the dignity and well-being of residents.
Services offered include:
∙Residential Care
∙Dementia Care
∙Respite Care
∙Nursing Care
Staff training and development remain a priority, ensuring all team members are equipped to deliver outstanding care. The business operates within a sector experiencing both demographic-driven growth and increasing regulatory oversight.
The Group operates three care homes located across Somerset and Devon, offering a combined bed capacity of 87. The Group has positioned itself as a trusted care provider in these regions.
Key highlights for the year include:
Key highlights for the year include:
∙Average occupancy maintained at over 85%
∙Continued demand for acute care services
∙Effective staff recruitment strategies, including international hires
During the year, the Group was restructured whereby the trade and assets related to each care home, Manor Lodge Care Home, Arthur’s Court Care Home and Sunnyside Care Home was transferred to each subsidiary Aiveda ML Limited, Aiveda AC Limited and Aiveda SS Limited, respectively.
The board recognises several risks and uncertainties that could impact the business:
∙Demographic Pressure: A growing elderly population will increase demand for care services.
∙Staff Availability: Recruiting and retaining skilled care workers remains challenging. Strategies include international recruitment, continuous training, and strong internal engagement.
∙Regulatory Environment: Heightened regulation requires strict adherence to care standards and compliance frameworks.
∙Public Sector Budgets: Uncertainty over council-funded care rates presents financial challenges.
To mitigate these risks, the business is:
∙Embracing technology to enhance operational efficiency and care quality
∙Focusing on increasing the proportion of private-paying residents to improve margins and ensure continued investment in facilities and staff development
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AIVEDA LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The directors monitor performance using the following KPIs:
∙Turnover
∙Gross Margin
∙EBITDA
∙Occupancy Rate
Staff recruitment and retention continue to be sector-wide challenges. Aiveda has benefited from successful overseas recruitment and remains committed to staff training and well-being to ensure high-quality care.
CONCLUSION
The Group’s strategic focus on compassionate care, operational excellence, and staff development underpins its resilience and long-term success. With a solid financial foundation and a clear vision, the Group is set to continue delivering value to stakeholders and high-quality care to its residents.
CONCLUSION
The Group’s strategic focus on compassionate care, operational excellence, and staff development underpins its resilience and long-term success. With a solid financial foundation and a clear vision, the Group is set to continue delivering value to stakeholders and high-quality care to its residents.
This report was approved by the board and signed on its behalf.
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AIVEDA LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
The consolidated profit for the year, after taxation, amounted to £1,368,659 (2024: £1,402,639).
Dividends of £418,709 (2024: £110,714) were declared and paid in the year.
The directors who served during the year were:
The Group plans to expand through the acquisition of additional care homes in the near term. Simultaneously, it will continue to invest in the maintenance and enhancement of its existing facilities and staff training programmes.
The Group has sufficient capital reserves to support its growth strategy.
The Group remains committed to delivering outstanding care and maintaining high operational standards. By focusing on quality, innovation, and sustainability, Aiveda is well-positioned to navigate industry challenges and capture emerging opportunities.
The Group has sufficient capital reserves to support its growth strategy.
The Group remains committed to delivering outstanding care and maintaining high operational standards. By focusing on quality, innovation, and sustainability, Aiveda is well-positioned to navigate industry challenges and capture emerging opportunities.
There have been no significant events affecting the Group since the year end.
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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AIVEDA LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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AIVEDA LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED
We have audited the financial statements of Aiveda Limited (the 'parent Company') and its subsidiaries (together the 'Group') for the year ended 31 March 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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AIVEDA LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and their environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
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AIVEDA LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED (CONTINUED)
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:
∙the nature of the industry and sector, control environment and business performance; results of our enquiries of management and the board about their own identification and assessment of the risks of irregularities;
∙any matters we identified having considered the company procedures relating to:
°identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
°the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
°the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, which included incorrect recognition of revenue and management override of controls using manual journal entries, and these were identified as the greatest potential area for fraud.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material mounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. These included care standards and compliance frameworks, occupational health and safety regulations and employment legislation.
Our audit procedures performed to respond to the risks identified included but were not limited to:
Our audit procedures performed to respond to the risks identified included but were not limited to:
∙reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue;
∙discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
∙performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
∙identifying and testing journal entries, evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud; and
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
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AIVEDA LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AIVEDA LIMITED (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
10 Temple Back
BS1 6FL
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AIVEDA LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
REGISTERED NUMBER:07191072
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 36 form part of these financial statements.
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AIVEDA LIMITED
REGISTERED NUMBER:07191072
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 36 form part of these financial statements.
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AIVEDA LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Aiveda Limited is a private company limited by shares incorporated in England and Wales. The registered office address is 38 Drummond Drive, Stanmore, Middlesex, HA7 3PD.
The principal activity of the Group during the year was providing residential and other related care facilities for the elderly and disabled.
The principal activity of the Group during the year was providing residential and other related care facilities for the elderly and disabled.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The financial statements have been prepared in GBP and are rounded to the nearest pound.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
As explained in note 30, the parent company undertook a group reorganisation on 1 April 2024 involving the hive down of its trade and related assets to three wholly owned subsidiaries. The company has applied the principles of hybrid demerger accounting, which combines elements of merger accounting and acquisition accounting as permitted under FRS 102 Section 19 and relevant guidance. The hive down transactions have been accounted for using predecessor value (book value) accounting, reflecting the carrying amounts of assets (including the preexisting goodwill balances) and liabilities transferred. No new goodwill has been recognised in respect of these transfers, as the transactions occurred under common control and did not constitute a business combination in substance.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.ACCOUNTING POLICIES (CONTINUED)
The financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and believe that the parent company and the group will be able to continue to meet liabilities as they fall due in that period.
Revenue from accommodation and care services is recognised monthly as the services are delivered to residents. This reflects the transfer of benefits to the customer and aligns with the performance obligations under the care agreement.
Any government funding or local authority contributions are recognised in line with the agreed funding arrangements and when the conditions for entitlement are met.
Any government funding or local authority contributions are recognised in line with the agreed funding arrangements and when the conditions for entitlement are met.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.ACCOUNTING POLICIES (CONTINUED)
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life of twenty years.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged on all fixed assets, except for freehold land, so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or reducing balance method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks comprise consumables to be sold or used in the next period, and is based on the cost of purchase.
Current asset investments comprise cash on deposit with a notice period of more than three months but less than one year.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.ACCOUNTING POLICIES (CONTINUED)
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic 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 Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.ACCOUNTING POLICIES (CONTINUED)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
The whole of the turnover is attributable to the principal activity of the Group. All turnover arose within the United Kingdom.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10.TAXATION (CONTINUED)
There were no factors that may affect future tax charges.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.INTANGIBLE ASSETS (CONTINUED)
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12.TANGIBLE FIXED ASSETS (CONTINUED)
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 29
AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 30
AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Barclays bank loan is secured against the freehold property owned by the Group and carries interest at a rate of 2.5% over the official Bank Rate. The loan is repayable in installments over a period to February 2032.
The two directors have also given a personal deed of guarantee which is limited to £500,000.
The two directors have also given a personal deed of guarantee which is limited to £500,000.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 32
AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Profit and loss account
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £32,521. Contributions totalling £2,530 were payable to the fund at the reporting date and are included in creditors.
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024
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AIVEDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
On 1 April 2024 the trade and net assets of Aiveda Limited were transferred to Aiveda AC Limited, Aiveda ML Limited and Aiveda SS Limited. The book value of the assets and liabilities transferred from Aiveda Limited were £1,047,508 to Aiveda AC Limited, £3,495,357 to Aiveda ML Limited and £655,293 to Aiveda SS Limited. The consideration for the transactions was credited to intercompany. As at 31 March 2025, Aiveda Limited was owed £146,760 by Aiveda AC Limited, £2,581,385 by Aiveda ML Limited and £290,524 by Aiveda SS Limited.
There is no ultimate controlling party.
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