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REGISTERED NUMBER: 10630834 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Horizon Point Limited

Horizon Point Limited (Registered number: 10630834)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Horizon Point Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D O Wilson





REGISTERED OFFICE: 152 City Road
London
EC1V 2NX





REGISTERED NUMBER: 10630834 (England and Wales)





ACCOUNTANTS: NT Accountancy
Chartered Accountants
43 Lynton Mead
London
N20 8DG

Horizon Point Limited (Registered number: 10630834)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,748 2,260

CURRENT ASSETS
Debtors 5 901,450 901,450
Cash at bank 1,519 213
902,969 901,663
CREDITORS
Amounts falling due within one year 6 918,025 902,017
NET CURRENT LIABILITIES (15,056 ) (354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,308

)

1,906

CREDITORS
Amounts falling due after more than
one year

7

22,500

32,750
NET LIABILITIES (35,808 ) (30,844 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (35,908 ) (30,944 )
SHAREHOLDERS' FUNDS (35,808 ) (30,844 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Horizon Point Limited (Registered number: 10630834)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 20 November 2023 and were signed by:





D O Wilson - Director


Horizon Point Limited (Registered number: 10630834)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Horizon Point Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue recognition
Turnover represents income receivable from management consultancy for advertising technology businesses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Going concern
The validity of going concern basis of preparation is dependant on continued financial support from the company's director and other creditors and on the ability of the company to continue trading. Should the director and other creditors withdraw their support and the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and re-classify fixed assets as current assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Horizon Point Limited (Registered number: 10630834)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 2,125 3,908 6,033
DEPRECIATION
At 1 March 2022 1,078 2,695 3,773
Charge for year 209 303 512
At 28 February 2023 1,287 2,998 4,285
NET BOOK VALUE
At 28 February 2023 838 910 1,748
At 28 February 2022 1,047 1,213 2,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 602,948 602,948
Other debtors 298,502 298,502
901,450 901,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 888,394 888,394
Directors' current accounts 18,701 2,393
Accrued expenses 930 1,230
918,025 902,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 2,500 12,750
22,500 32,750