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Registration number: 14045643

NLK Partners Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 13 April 2022 to 30 April 2023

 

NLK Partners Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 9

Detailed Profit and Loss Account

10 to 11

 

NLK Partners Ltd

Company Information

Director

Miss Yee Ha Lillian Lui

Registered office

1st Floor
44 Worship Street
London
EC2A 2EA

Accountants

Tan Lam Partnership
Chartered Certified Accountants
1st Floor, 44 Worship Street
London
EC2A 2EA

 

NLK Partners Ltd

Director's Report for the Period from 13 April 2022 to 30 April 2023

The director presents her report and the abridged financial statements for the period from 13 April 2022 to 30 April 2023.

Director of the company

The director who held office during the period was as follows:

Miss Yee Ha Lillian Lui (appointed 13 April 2022)

Principal activity

The principal activity of the company is that of Business Consultancy.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 16 October 2023
 

.........................................
Miss Yee Ha Lillian Lui
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
NLK Partners Ltd
for the Period Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NLK Partners Ltd for the period ended 30 April 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of NLK Partners Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of NLK Partners Ltd and state those matters that we have agreed to state to the Board of Directors of NLK Partners Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NLK Partners Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NLK Partners Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NLK Partners Ltd. You consider that NLK Partners Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of NLK Partners Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Tan Lam Partnership
Chartered Certified Accountants
1st Floor, 44 Worship Street
London
EC2A 2EA

Date:.............................

 

NLK Partners Ltd

Abridged Profit and Loss Account for the Period from 13 April 2022 to 30 April 2023

Note

2023
£

Gross profit

 

139,239

Administrative expenses

 

(33,786)

Profit before tax

105,453

Tax on profit

 

(20,347)

Profit for the financial period

 

85,106

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

NLK Partners Ltd

Statement of Comprehensive Income for the Period from 13 April 2022 to 30 April 2023

2023
£

Profit for the period

85,106

Total comprehensive income for the period

85,106

 

NLK Partners Ltd

(Registration number: 14045643)
Abridged Balance Sheet as at 30 April 2023

Note

2023
£

Current assets

 

Debtors

4

44,964

Cash at bank and in hand

 

66,608

 

111,572

Creditors: Amounts falling due within one year

(24,806)

Total assets less current liabilities

 

86,766

Accruals and deferred income

 

(1,560)

Net assets

 

85,206

Capital and reserves

 

Called up share capital

100

Retained earnings

85,106

Shareholders' funds

 

85,206

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 October 2023
 

.........................................
Miss Yee Ha Lillian Lui
Director

 

NLK Partners Ltd

Statement of Changes in Equity for the Period from 13 April 2022 to 30 April 2023

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

85,106

85,106

New share capital subscribed

100

-

100

At 30 April 2023

100

85,106

85,206

 

NLK Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 13 April 2022 to 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1st Floor
44 Worship Street
London
EC2A 2EA
England

These financial statements were authorised for issue by the director on 16 October 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 abridged 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 abridged 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.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

NLK Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 13 April 2022 to 30 April 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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 the director) during the period, was 2.

4

Debtors

Debtors includes £Nil due after more than one year.

 

NLK Partners Ltd

Detailed Profit and Loss Account for the Period from 13 April 2022 to 30 April 2023

2023
£

Turnover (analysed below)

139,239

Gross profit (%)

100%

Administrative expenses

Employment costs (analysed below)

(27,100)

Establishment costs (analysed below)

(1,800)

General administrative expenses (analysed below)

(4,886)

(33,786)

Operating profit

105,453

Profit before tax

105,453

 

NLK Partners Ltd

Detailed Profit and Loss Account for the Period from 13 April 2022 to 30 April 2023

2023
£

 

Turnover

Fees

139,160

Other income

79

139,239

 

Employment costs

Wages and salaries (excluding directors)

(13,000)

Directors remuneration

(14,100)

(27,100)

 

Establishment costs

Use of home as office

(1,800)

 

General administrative expenses

Telephone and fax

(925)

Printing, postage and stationery

(79)

Motor and travel

(1,542)

Company formation

(180)

Accountancy fees

(2,160)

(4,886)