Nectar International Limited 04214853 false 2021-12-31 2022-12-29 2022-12-29 The principal activity of the company is being non-trading and holding the lease for the building in which Desmo Enterprises Limited operates from. As such,the company recharges all expenses incurred directly to Desmo Enterprises Limited. Digita Accounts Production Advanced 6.30.9574.0 true true 04214853 2021-12-31 2022-12-29 04214853 2022-12-29 04214853 bus:OrdinaryShareClass1 2022-12-29 04214853 core:CurrentFinancialInstruments 2022-12-29 04214853 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-29 04214853 bus:SmallEntities 2021-12-31 2022-12-29 04214853 bus:AuditExemptWithAccountantsReport 2021-12-31 2022-12-29 04214853 bus:FullAccounts 2021-12-31 2022-12-29 04214853 bus:SmallCompaniesRegimeForAccounts 2021-12-31 2022-12-29 04214853 bus:RegisteredOffice 2021-12-31 2022-12-29 04214853 bus:Director1 2021-12-31 2022-12-29 04214853 bus:OrdinaryShareClass1 2021-12-31 2022-12-29 04214853 bus:PrivateLimitedCompanyLtd 2021-12-31 2022-12-29 04214853 countries:NorthernIreland 2021-12-31 2022-12-29 04214853 2020-12-31 2021-12-30 04214853 2021-12-30 04214853 bus:OrdinaryShareClass1 2021-12-30 04214853 core:CurrentFinancialInstruments 2021-12-30 04214853 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04214853

Nectar International Limited

Unaudited Filleted Financial Statements

for the Period from 31 December 2021 to 29 December 2022

 

Nectar International Limited

(Registration number: 04214853)
Balance Sheet as at 29 December 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

100

245,231

Cash at bank and in hand

 

-

192

 

100

245,423

Creditors: Amounts falling due within one year

5

-

(55,520)

Net assets

 

100

189,903

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

-

189,803

Shareholders' funds

 

100

189,903

For the financial period ending 29 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
Mr William Waring
Director

 

Nectar International Limited

Notes to the Unaudited Financial Statements for the Period from 31 December 2021 to 29 December 2022

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
52 Berkeley Square
London
W1J 5BT
England

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency is £ Sterling.

Going concern

The financial statements have been prepared on a going concern basis.

Financial Instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2021 - 3).

 

Nectar International Limited

Notes to the Unaudited Financial Statements for the Period from 31 December 2021 to 29 December 2022

4

Debtors

2022
£

2021
£

VAT

-

617

Other debtors

100

244,614

100

245,231

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

-

1,700

Other creditors

-

53,820

-

55,520

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Related party transactions

Amounts owed by related party

During the year Nectar International Limited recharged expenses incurred on behalf of a connected company totalling £NIL (2021: £83,489).

At the end of the year, the amount due by the connected company was £NIL (2021: £244,574).

 

8

Ultimate Controlling Party

No one shareholder has a majority shareholding in the company and as such there is no one controlling party.