Registration number:
Innovise EBT Limited
for the
Year Ended 31 December 2021
Innovise EBT Limited
(Registration number: 07666431)
Balance Sheet as at 31 December 2021
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2021 |
2020 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
Director
Innovise EBT Limited
Notes to the Financial Statements for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.
Trading status
The company was dormant and has not traded during the year.
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.
Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Debtors |
2021 |
2020 |
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Other debtors |
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Innovise EBT Limited
Notes to the Financial Statements for the Year Ended 31 December 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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Ordinary Share of £1 |
1 |
1 |
1 |
1 |
Control |
The company's immediate parent company is Innovise Limited, a company incorporated in England and Wales.
The ultimate parent company was Innovise Limited until 13 December 2019 when the group was aquired by TEAM Bidco Limited, a company incorporated in England and Wales. At this date the ultimate controlling party became Accel -KKR Capital Partners V LP, a limited partnership registered in the USA. On 30 September 2021 the ultimate parent company became WorkWave LLP, an entity registered in the USA.
The smallest and largest group of companies in the United Kingdom for which consolidated accounts are drawn up is headed by TEAM Bidco Limited a company incorporated in England and Wales. Copies of those accounts are available from Companies House in the United Kingdom.