Registration number: 14618820

Reveni Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 4

Reveni Ltd

(Registration number: 14618820)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	534,324	87,279
Cash at bank and in hand		61,064	5,650
		595,388	92,929
Creditors: Amounts falling due within one year	5	(277,728)	(14,106)
Total assets less current liabilities		317,660	78,823
Creditors: Amounts falling due after more than one year	5	(204,057)	(83,220)
Net assets/(liabilities)		113,603	(4,397)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		112,603	(5,397)
Shareholders' funds/(deficit)		113,603	(4,397)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:
 

......................................... P M Valdivia Director

Reveni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 5 New Street Square, London, EC4A 3TW. United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Reveni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

	2024 £	2023 £
Trade debtors	42,327	49,581
Other debtors	491,492	37,520
Prepayments	505	178
	534,324	87,279

Reveni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	156,779	7,551
Taxation and social security	93,604	1,350
Accruals and deferred income	3,692	2,833
Other creditors	23,653	2,372
	277,728	14,106

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Loans and borrowings	6	204,057	83,220

6	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	204,057	83,220

The loan is repayable in five years and interest is accruing daily at 5.92% AER. During the year interest of £16,860 (2023 - £1,593) was accrued. The principal and interest are repayable at the end of the term.

7	Related party transactions

The company has taken advantage of exemptions not to report related party transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent undertaking and are publicly available.

8	Parent and ultimate parent undertaking

The company's immediate parent is Reveni SL, incorporated in Spain.

 

The parent of the largest group in which these financial statements are consolidated is Reveni SL, incorporated in Spain.

The parent of the smallest group in which these financial statements are consolidated is Reveni SL, incorporated in Spain.

The address of Reveni SL is:
Calle Del Ferrocarril, 37, 28045 Madrid, Spain