Advitam Wellness Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13879296 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Advitam Wellness Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

10

DIRECTORS:

Mrs S Angarano

M S S Soliman

REGISTERED OFFICE:

57-63

Knightsbridge

London

SW1X 7BF

REGISTERED NUMBER:

13879296 (England and Wales)

ACCOUNTANTS:

The Peek Partnership Ltd

Unit 1,

Chancerygate Business Centre

Stonefiled Way

Ruislip

Middlesex

HA4 0JA

FIXED ASSETS

Intangible assets

4

219,233

246,637

Tangible assets

5

2,612,745

2,924,526

Investments

6

-

2,831,978

3,171,163

CURRENT ASSETS

Debtors

7

3,634,113

2,080,351

Cash and cash equivalents

78,163

-

3,712,276

2,080,351

CREDITORS

Amounts falling due within one year

8

220,117

12,919

NET CURRENT ASSETS

3,492,159

2,067,432

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,324,137

5,238,595

CREDITORS

Amounts falling due after more than
one year

9

8,873,945

6,555,517

NET LIABILITIES

(2,549,808

)

(1,316,922

)

CAPITAL AND RESERVES

Called up share capital

11

1

Retained earnings

(2,549,809

)

(1,316,923

)

SHAREHOLDERS' FUNDS

(2,549,808

)

(1,316,922

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mrs S Angarano - Director

M S S Soliman - Director

1.	STATUTORY INFORMATION

Advitam Wellness 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.

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make

judgements, estimates and assumptions about the carrying amount of assets and liabilities that

are not readily apparent from other sources. The estimates and associated assumptions are

based on historical experience and other factors that are considered to be relevant. Actual

results may differ from these estimates. The estimates and underlying assumptions are

reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period

in which the estimate is revised where the revision affects only that period, or in the period of the

revision and future periods where the revision affects both current and future periods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvement - Straight Line 10%

Fixtures Fittings - Straight Line 10%

Computer Equipment - Straight Line 25%

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments'

and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company

becomes party to the contractual provisions of the instrument. Financial assets and liabilities are

offset, with the net amounts presented in the financial statements, when there is a legally

enforceable right to set off the recognised amounts and there is an intention to settle on a net

basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic

financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost

using the effective interest method 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. Financial assets classified as receivable within one year are not

amortised. Classification of 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 company after

deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including

creditors, bank loans, loans from fellow group companies and preference shares that are

classified as debt, are initially recognised at transaction price unless the arrangement

constitutes a financing transaction, where the debt instrument is measured at the present value

of the future payments discounted at a market rate of interest. Financial liabilities classified as

payable within one year are not amortised. Debt instruments are subsequently carried at

amortised cost, using the effective interest rate method. Trade creditors are obligations to pay

for goods or services that have been acquired in the ordinary course of business from suppliers.

Amounts payable are classified as current liabilities if payment is due within one year or less. If

not, they are presented as non-current liabilities. Trade creditors are recognised initially at

transaction price and subsequently measured at amortised cost using the effective interest

method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The Directors of the company have a reasonable assurance from the shareholders that the

company will continue to receive financial support to provide adequate resources to continue in

its operational existence for foreseeable future, being at least 12 months from the date of

signing this financial statement.

On this basis, the financial statement have been prepared on a going concern basis, which

assumes the company will be able to meet its liabilities as and when they fall due for the

foreseeable future. As of 31st December 2024, the company has net current assets of

£3,492,159 and net liabilities of £2,549,808. Which includes a shareholder's loan of £8,873,945

in non-current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

274,041

AMORTISATION

At 1 January 2024

27,404

Amortisation for year

27,404

At 31 December 2024

54,808

NET BOOK VALUE

At 31 December 2024

219,233

At 31 December 2023

246,637

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 January 2024

3,071,634

118,097

71,823

3,261,554

Additions

20,463

4,781

-

25,244

At 31 December 2024

3,092,097

122,878

71,823

3,286,798

DEPRECIATION

At 1 January 2024

307,164

11,810

18,054

337,028

Charge for year

307,163

11,810

18,052

337,025

At 31 December 2024

614,327

23,620

36,106

674,053

NET BOOK VALUE

At 31 December 2024

2,477,770

99,258

35,717

2,612,745

At 31 December 2023

2,764,470

106,287

53,769

2,924,526

6.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

THE HVN WELLBEING LTD

Registered office: 57-63 Knightsbridge, London, England, SW1X 7BF

Nature of business: Other human health activities

%

Class of shares:

holding

Ordinary

100.00

VITAE LIFE LIMITED

Registered office: 57-63 Knightsbridge, London, England, SW1X 7BF

Nature of business: Other human health activities

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS

31/12/24

31/12/23

£

Amounts falling due within one year:

Trade debtors

208,197

-

Other debtors

6,160

744,996

214,357

744,996

Amounts falling due after more than one year:

Amounts owed by group undertakings

3,240,372

1,052,691

Other debtors

179,384

282,664

3,419,756

1,335,355

Aggregate amounts

3,634,113

2,080,351

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade creditors

220,117

-

Social security and other taxes

-

12,919

220,117

12,919

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31/12/24

31/12/23

£

Other loans - 2-5 years

8,873,945

6,555,517

Included within creditors due after one year is an amount of £8,873,945 (2023: £6,555,517) owed to Novus Incorporated Ltd, a company owned by shareholder Mrs K Binani.

Of this balance, £5,000,000 relates to a convertible loan, which is convertible into ordinary shares of the company upon satisfaction of the agreed conversion conditions.

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

Within one year

225,000

Between one and five years

900,000

In more than five years

768,750

993,750

1,893,750

2,118,750

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

100

Ordinary

0.01

1

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

The Peek Partnership Ltd

Unit 1,

Chancerygate Business Centre

Stonefiled Way

Ruislip

Middlesex

HA4 0JA

Date: .............................................