BRIGHT INVESTMENTS GLOBAL LTD

Company Registration Number:
13091572 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

BRIGHT INVESTMENTS GLOBAL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BRIGHT INVESTMENTS GLOBAL LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company in the year under review was activity of the company is investment, specifically holding of shares for the purpose of receiving dividend and income from the sale of investments in the future, as well as receiving agent’s income by borrowing and lending funds at Principal’s interest.



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

Pranaya Surendra Prasad Panda


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2023

And signed on behalf of the board by:
Name: Pranaya Surendra Prasad Panda
Status: Director

BRIGHT INVESTMENTS GLOBAL LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 18,293 14,163
Cost of sales: ( 70,959 )
Gross profit(or loss): 18,293 (56,796)
Administrative expenses: ( 11,670 ) ( 146,670 )
Other operating income: 617 4,473,914
Operating profit(or loss): 7,240 4,270,448
Profit(or loss) before tax: 7,240 4,270,448
Profit(or loss) for the financial year: 7,240 4,270,448

BRIGHT INVESTMENTS GLOBAL LTD

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Investments: 3 3,973 3,556
Total fixed assets: 3,973 3,556
Current assets
Debtors: 4 6,154,240 6,183,344
Cash at bank and in hand: 93
Total current assets: 6,154,333 6,183,344
Creditors: amounts falling due within one year: 5 ( 2,390 ) ( 2,267 )
Net current assets (liabilities): 6,151,943 6,181,077
Total assets less current liabilities: 6,155,916 6,184,633
Creditors: amounts falling due after more than one year: 6 ( 1,875,993 ) ( 1,912,185 )
Total net assets (liabilities): 4,279,923 4,272,448
Capital and reserves
Called up share capital: 2,000 2,000
Profit and loss account: 4,277,923 4,270,448
Total Shareholders' funds: 4,279,923 4,272,448

The notes form part of these financial statements

BRIGHT INVESTMENTS GLOBAL LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Pranaya Surendra Prasad Panda
Status: Director

The notes form part of these financial statements

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Foreign currenciesThe company presents its accounts in functional currency USD.Transactions denominated in foreign currencies are translated into USD at the average rate for the period. At each balance sheet date monetary assets and liabilities denominated in foreign currencies are translated using the closing rate. All differences are taken to the profit and loss account.

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed assets investments note

The details of the subsidiaries are as follows: Name LAU SU Investment AB. Country of Incorporation is Sweden. Holding 99% of shares

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Other debtors 6,154,240 6,183,344
Total 6,154,240 6,183,344
Debtors due after more than one year: 6,154,240 6,183,344

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Other creditors 2,390 2,267
Total 2,390 2,267

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 1,875,993 1,912,185
Total 1,875,993 1,912,185

BRIGHT INVESTMENTS GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Loans to directors

Name of director receiving advance or credit: Pranaya Surendra Prasad Panda
Description of the transaction:
Short-term loan
£
Balance at 31 December 2021 240,894
Advances or credits made: 365,596
Advances or credits repaid:
Balance at 31 December 2022 606,490