Company Registration No. 11015098 (England and Wales)
Covarius Group Limited
Unaudited accounts
for the year ended 31 December 2024
Covarius Group Limited
Unaudited accounts
Contents
Covarius Group Limited
Company Information
for the year ended 31 December 2024
Directors
Gareth List
Andrew Marshall
James Bateman
Company Number
11015098 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Covarius Group Limited
Statement of financial position
as at 31 December 2024
Tangible assets
45,671
48,957
Investments
127,639
127,640
Debtors
3,214,468
2,178,849
Cash at bank and in hand
1,544
3,493
Creditors: amounts falling due within one year
(756,592)
(656,710)
Net current assets
2,459,420
1,525,632
Total assets less current liabilities
2,632,730
1,702,229
Provisions for liabilities
Deferred tax
(8,678)
(12,237)
Net assets
2,624,052
1,689,992
Called up share capital
339
333
Share premium
114,695
89,201
Profit and loss account
2,509,018
1,600,458
Shareholders' funds
2,624,052
1,689,992
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
Gareth List
Director
Company Registration No. 11015098
Covarius Group Limited
Notes to the Accounts
for the year ended 31 December 2024
Covarius Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11015098. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
22,741
68,694
91,435
At 31 December 2024
22,741
79,037
101,778
At 1 January 2024
11,997
30,481
42,478
Charge for the year
2,686
10,943
13,629
At 31 December 2024
14,683
41,424
56,107
At 31 December 2024
8,058
37,613
45,671
At 31 December 2023
10,744
38,213
48,957
Covarius Group Limited
Notes to the Accounts
for the year ended 31 December 2024
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Investments
Subsidiary undertakings
Valuation at 1 January 2024
127,640
Valuation at 31 December 2024
127,639
Amounts falling due within one year
Amounts due from group undertakings etc.
471,211
2,090,485
Accrued income and prepayments
9,224
16,147
Other debtors
2,725,274
72,217
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
16,689
7,437
Amounts owed to group undertakings and other participating interests
680,637
632,911
Taxes and social security
50,288
12,337
Other creditors
5,978
2,877
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Transactions with related parties
The balance at 31 December 2024 owed by Uniun Technology Ltd, is £2,410,874.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).