Registration number:
Nectar International Limited
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 |
|
|
|
Cash at bank and in hand |
- |
|
|
|
|
||
Creditors: Amounts falling due within one year |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
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 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
......................................... |
Nectar International Limited
Notes to the Unaudited Financial Statements for the Period from 31 December 2021 to 29 December 2022
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Nectar International Limited
Notes to the Unaudited Financial Statements for the Period from 31 December 2021 to 29 December 2022
Debtors |
2022 |
2021 |
|
VAT |
- |
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
|
Due within one year |
||
Accruals and deferred income |
- |
|
Other creditors |
- |
|
- |
|
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
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).
Ultimate Controlling Party |
No one shareholder has a majority shareholding in the company and as such there is no one controlling party.