Niveda Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07624838 (England and Wales)

Unaudited Financial Statements

For The Period 1st April 2018 to 30th September 2019

for

Niveda Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S Nyotta

B J Shah

D Mistry

REGISTERED OFFICE:

5th Floor

14 Brook's Mews

Mayfair

London

W1K 4DG

REGISTERED NUMBER:

07624838 (England and Wales)

ACCOUNTANTS:

Dua & Co. Limited

1st Floor

5 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9PX

CURRENT ASSETS

Debtors

5

15,000

642,947

Cash at bank

-

946

15,000

643,893

CREDITORS

Amounts falling due within one year

6

(2,131,412

)

(2,626,271

)

NET CURRENT LIABILITIES

(2,116,412

)

(1,982,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,116,412

)

(1,982,378

)

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

(2,116,452

)

(1,982,418

)

(2,116,412

)

(1,982,378

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2019 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 24th December 2020 and were signed on its behalf by:

B J Shah - Director

1.	STATUTORY INFORMATION

Niveda Investments Limited 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.

Tangible fixed assets

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

Taxation

Taxation for the period 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 period 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.

Going concern

As at the period end, the company had a deficit of £2,116,452.This has arisen due to the interest being accrued on borrowings from unsecured lenders. However, the Directors have noted that the company continues to trade and expects to continue as a going concern with the full support of the lenders. After the year end negotiations are ongoing to restructure the debt of the company to allow it to continue its trade.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

and 30th September 2019

2,453

DEPRECIATION

At 1st April 2018

and 30th September 2019

2,453

NET BOOK VALUE

At 30th September 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

as restated

£

£

Amounts owed by group undertakings

-

74,336

Other debtors

15,000

568,611

15,000

642,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

as restated

£

£

Amounts owed to group undertakings

1,615,634

726,622

Amounts owed to participating interests

-

360,000

Other creditors

515,778

1,539,649

2,131,412

2,626,271