NEVERFAIL HOLDINGS LIMITED

Company Registration Number:
09077555 (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

NEVERFAIL HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

NEVERFAIL HOLDINGS LIMITED

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 during the year was that of a holding company for the group of companies known as the Neverfail Group ("the Group"). The principal activity of the Group was that of software author and distribution. The company incurs minimal costs in relation to its activities.



Directors

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

Brian Hierholzer


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
26 September 2023

And signed on behalf of the board by:
Name: Brian Hierholzer
Status: Director

NEVERFAIL HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Administrative expenses: 0 0
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

NEVERFAIL HOLDINGS LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets:   0 0
Investments: 3 0 39
Total fixed assets: 0 39
Current assets
Debtors:   0 0
Cash at bank and in hand: 0 0
Total current assets: 0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 39
Creditors: amounts falling due after more than one year: 4 0 ( 18,591 )
Total net assets (liabilities): 0 (18,552)
Capital and reserves
Called up share capital: 1 1
Other reserves: 18,552 0
Profit and loss account: (18,553 ) (18,553 )
Total Shareholders' funds: 0 (18,552)

The notes form part of these financial statements

NEVERFAIL HOLDINGS LIMITED

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 26 September 2023
and signed on behalf of the board by:

Name: Brian Hierholzer
Status: Director

The notes form part of these financial statements

NEVERFAIL HOLDINGS LIMITED

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

    Going concernAs described in the director’s report the director has taken the decision to liquidate the company within 12 months of approval of these financial statements. As a result, the director has concluded that it is not appropriate to adopt a going concern basis of preparation in these financial statements. There is no impact on the financial statements as a result of this.Investments in subsidiary undertakings Investments in subsidiary undertakings are recorded at cost less any provision for impairment. Long term loans provided as funding are included in the investment cost. Impairment reviews are performed by the director when there has been an indication of potential impairment.Financial instrumentsFinancial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than its legal form. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as creditors and loans from third parties and related parties. The company’s cash at bank and in hand and its creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Investments in unlisted company shares (financial asset) are carried in the statement of financial position at fair value with changes in fair value recognised in profit or loss if their fair value can be measured reliably. Otherwise they are carried as cost less impairment.Presentational currencyThe currency used in the presentation of these financial statements is British Pound Sterling.

NEVERFAIL HOLDINGS LIMITED

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

NEVERFAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed assets investments note

Fixed asset investments 31 December 2022 031 December 2021 39

NEVERFAIL HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

2022 2021
£ £
Other creditors 0 18,591
Total 0 18,591