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REGISTERED NUMBER: SC681963 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 December 2022

for

N4 Investments (Subsidiary) Ltd

N4 Investments (Subsidiary) Ltd (Registered number: SC681963)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N4 Investments (Subsidiary) Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: A C Dowie
K L Mitchell
S M Powell
K Gibson





REGISTERED OFFICE: 310 St. Vincent Street
Glasgow
G2 5RG





REGISTERED NUMBER: SC681963 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

N4 Investments (Subsidiary) Ltd (Registered number: SC681963)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Investments 4 885,075 729,075

CURRENT ASSETS
Debtors 5 4,549 1,994
Cash at bank and in hand 108,973 106,827
113,522 108,821
CREDITORS
Amounts falling due within one year 6 (724,176 ) (478,089 )
NET CURRENT LIABILITIES (610,654 ) (369,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,421

359,807

CREDITORS
Amounts falling due after more than one
year

7

(87,283

)

(164,732

)
NET ASSETS 187,138 195,075

CAPITAL AND RESERVES
Called up share capital 210,001 210,001
Retained earnings (22,863 ) (14,926 )
187,138 195,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

N4 Investments (Subsidiary) Ltd (Registered number: SC681963)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





A C Dowie - Director


N4 Investments (Subsidiary) Ltd (Registered number: SC681963)

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

1. STATUTORY INFORMATION

N4 Investments (Subsidiary) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Fixed asset investments are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2022 729,075
Additions 156,000
At 31 December 2022 885,075
NET BOOK VALUE
At 31 December 2022 885,075
At 31 December 2021 729,075

N4 Investments (Subsidiary) Ltd (Registered number: SC681963)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings 4,549 1,885
Other debtors - 109
4,549 1,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 77,449 68,551
Amounts owed to group undertakings 644,450 408,486
Other creditors 2,277 1,052
724,176 478,089

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 87,283 164,732

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the period under review was N4 Investments Limited.