Registration number: 10539394

Iverenti Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Iverenti Limited

(Registration number: 10539394)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	345,346	345,346
Current assets
Debtors	5	4,595	6,458
Cash at bank and in hand		10,555	12,049
		15,150	18,507
Creditors: Amounts falling due within one year	6	(110,570)	(117,032)
Net current liabilities		(95,420)	(98,525)
Total assets less current liabilities		249,926	246,821
Creditors: Amounts falling due after more than one year	6	(239,665)	(244,666)
Net assets		10,261	2,155
Capital and reserves
Called up share capital	7	4	4
Retained earnings		10,257	2,151
Shareholders' funds		10,261	2,155

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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

Dr D K Skelton Director

Ms J E Field Director

Iverenti Limited

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 United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 22 September 2025.

2	Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

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.

Iverenti Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	No Depreciation

3	Staff numbers

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

Iverenti Limited

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

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2024	345,346	345,346
At 31 December 2024	345,346	345,346
Depreciation
Carrying amount
At 31 December 2024	345,346	345,346
At 31 December 2023	345,346	345,346

5

Debtors

Current	2024 £	2023 £
Prepayments	4,595	5,098
Other debtors	-	1,360
	4,595	6,458

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	7,997	15,695
Taxation and social security		3,269	1,733
Accruals and deferred income		700	700
Other creditors		98,604	98,904
		110,570	117,032

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	239,665	244,666

Iverenti Limited

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

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £0.01 each	200	2	200	2
Ordinary A shares of £0.01 each	100	1	100	1
Ordinary B shares of £0.01 each	100	1	100	1
	400	4	400	4

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	239,665	244,666

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,001	4,699
Other borrowings	2,996	10,996
	7,997	15,695