Nanotech Investments Limited 10133959 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is the research and experimental development of natural sciences and engineering. Digita Accounts Production Advanced 6.30.9574.0 true false 10133959 2022-01-01 2022-12-31 10133959 2022-12-31 10133959 bus:Revised 2022-12-31 10133959 core:RetainedEarningsAccumulatedLosses 2022-12-31 10133959 core:ShareCapital 2022-12-31 10133959 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2022-12-31 10133959 core:CurrentFinancialInstruments 2022-12-31 10133959 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10133959 bus:SmallEntities 2022-01-01 2022-12-31 10133959 bus:Audited 2022-01-01 2022-12-31 10133959 bus:FullAccounts 2022-01-01 2022-12-31 10133959 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 10133959 bus:RegisteredOffice 2022-01-01 2022-12-31 10133959 bus:CompanySecretary1 2022-01-01 2022-12-31 10133959 bus:Director1 2022-01-01 2022-12-31 10133959 bus:Director2 2022-01-01 2022-12-31 10133959 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10133959 core:OtherRelatedParties 2022-01-01 2022-12-31 10133959 core:ParentEntities 2022-01-01 2022-12-31 10133959 1 2022-01-01 2022-12-31 10133959 countries:EnglandWales 2022-01-01 2022-12-31 10133959 2021-01-01 2021-12-31 10133959 2021-12-31 10133959 core:RetainedEarningsAccumulatedLosses 2021-12-31 10133959 core:ShareCapital 2021-12-31 10133959 core:CurrentFinancialInstruments 2021-12-31 10133959 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 10133959

Nanotech Investments Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2022

 

Nanotech Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Nanotech Investments Limited

Company Information

Directors

Mr H Patel

Mr T Peters

Company secretary

Mr B McDonald

Registered office

Alpha House
96 City Road
Bradford
West Yorkshire
BD8 8ES

Auditors

Hargreaves Brown & Benson
Chartered Accountants and Statutory Auditor
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Nanotech Investments Limited

(Registration number: 10133959)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Other financial assets

4

-

335,185

Current assets

 

Debtors

5

-

100

Cash at bank and in hand

 

200

200

 

200

300

Creditors: Amounts falling due within one year

6

(1,800)

(341,760)

Net current liabilities

 

(1,600)

(341,460)

Net liabilities

 

(1,600)

(6,275)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,700)

(6,375)

Shareholders' deficit

 

(1,600)

(6,275)


 

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 and the option not to file the Profit and Loss Account has been taken.

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

.........................................
Mr H Patel
Director

 

Nanotech Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alpha House
96 City Road
Bradford
West Yorkshire
BD8 8ES

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

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Nanotech Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2021 - 4).

 

Nanotech Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2022

335,185

335,185

At 31 December 2022

335,185

335,185

Impairment

Adjustments resulting from impairment

335,185

335,185

At 31 December 2022

335,185

335,185

Carrying amount

At 31 December 2022

-

-

5

Debtors

2022
£

2021
£

Prepayments

-

100

-

100

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

-

337,372

Accruals and deferred income

 

1,800

1,800

Other creditors

 

-

2,588

 

1,800

341,760

 

Nanotech Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

7

Related party transactions

Summary of transactions with parent

Shaw Moisture Meters (UK) Limited

Shaw Moisture Meters (UK) Limited is the parent company of Nanotech Investments Limited.

 
During the year Shaw Moisture Meters (UK) Limited waived the loan facilities of £150,000 in full, resulting in an amount due at the year end of £Nil (2021 - £150,000) from Nanotech Investments Limited.

 

Summary of transactions with other related parties

Amsgro Limited

Amsgro Limited is the parent company of Shaw Moisture Meters (UK) Limited.

 
During the year Amsgro Limited waived the loan facilities of £187,372 in full, resulting in an amount due at the year end of £Nil (2021 - £187,372) from Nanotech Investments Limited.

 

8

Independent Auditors Report

The auditor's report was unqualified and no matters required being drawn to attention by the auditor.

The senior statutory auditor who signed the audit report on 29 September 2023 was Steven Wood FCA, for and on behalf of Hargreaves Brown & Benson, Statutory Auditor.

9

Parent and ultimate parent undertaking

The company's immediate parent is Shaw Moisture Meters (UK) Limited, incorporated in England and Wales.

 The ultimate parent is Alpha Instrumatics Holding Company Limited, incorporated in England and Wales.