Adiuvara Limited - Limited company accounts 22.3

REGISTERED NUMBER: 11142299 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 August 2022

for

Adiuvara Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTORS:

D Gadhia

S K Gadhia

S Gadhia

M Gadhia

S Samani

SECRETARY:

D Gadhia

REGISTERED OFFICE:

5 Merus Court

Meridian Business Park

Leicester

LE19 1RJ

REGISTERED NUMBER:

11142299 (England and Wales)

ACCOUNTANTS:

Sharman Fielding

Chartered Accountants

The Oval

57 New Walk

Leicester

Leicestershire

LE1 7EA

The directors present their report with the financial statements of the company for the year ended 31 August 2022.

PRINCIPAL ACTIVITY

The principal activity of the company is to hold the shares of its wholly owned subsidiaries, namely, Morningside (Leicester) Limited and Green Emerald Investments Limited.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2021 to the date of this report.

D Gadhia

S K Gadhia

S Gadhia

M Gadhia

S Samani

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S K Gadhia - Director

15 May 2023

Turnover

-

Operating profit

-

Income from shares in group undertakings

4

379,638

135,585

Profit before taxation

379,638

135,585

Tax on profit

-

Profit for the financial year

379,638

135,585

Fixed assets

Investments

5

120

Total assets less current liabilities

120

Capital and reserves

Called up share capital

6

120

Shareholders' funds

120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2023 and were signed on its behalf by:

S K Gadhia - Director

1.	Statutory information

Adiuvara 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements are prepared in accordance with the historical cost convention and have been prepared on the going concern basis.

The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about Adiuvara Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries

Investment in subsidiaries are held at cost less accumulated impairment losses.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Dividend income

Dividend income is recognised when right to receive payment is established.

Dividends

Dividends are recognised as a liability in the period in which they are approved. Interim dividends are recognised in the period in which they are paid or when the company has a constructive or legal commitment to pay the dividend.

3.	Employees and directors

The directors received no remuneration for services to the company. The directors are remunerated through another group company and no recharges made.

There were no employees of the company during the financial period.

4.

Income from shares in group undertakings

31.8.22

31.8.21

£

Shares in group undertakings

379,638

135,585

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 September 2021

and 31 August 2022

120

Net book value

At 31 August 2022

120

At 31 August 2021

120

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.22

31.8.21

value:

£

9,039

A Ordinary

£0.01

90

3,000

B Ordinary

£0.01

30

120

7.	Related party disclosures

Dividends received from related wholly-owned group undertakings during the year were £379,638 (2021: £135,585).

8.	Ultimate controlling party

The ultimate controlling parties are the Directors.