for the Period Ended 30 November 2023
Balance sheet | |
Notes |
As at
Notes | 2023 | 13 months to 30 November 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 5 | ( | ( |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Other reserves: | | | |
Profit and loss account: | | ( | |
Shareholders funds: | | |
The notes form part of these financial statements
The directors have chosen to not file a copy of the company’s profit & loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2023
for the Period Ended 30 November 2023
2023 | 13 months to 30 November 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 November 2023
Total | |
---|---|
Cost | £ |
At 01 December 2022 | |
Additions | |
At 30 November 2023 | |
Depreciation | |
At 01 December 2022 | |
Charge for year | |
At 30 November 2023 | |
Net book value | |
At 30 November 2023 | |
At 30 November 2022 | |
for the Period Ended 30 November 2023
Within the 'Current Investments' category on the balance sheet, the company has invested in a bank bond that is intended to be held for a short term, aligning with our cash management strategy and short-term investment objectives. The details of this investment are as follows: Description of Investment: The company has acquired a bank bond with a face value of £4,915,000.00, reflecting our investment in a fixed-income security issued by the Central Bank of Brazil (BACEN). This investment is part of our broader strategy to manage excess cash effectively while earning a return on idle funds. Interest Rate: The bank bond carries an interest rate of 6.40% per annum. Interest income from this bond is recognized in our income statement under 'Interest Income'. Maturity Date: The bond is due for maturity on, 09/2036 at which point it will be redeemed for its face value. Given its maturity within the next fiscal year, this investment is classified as a 'current investment'. Fair Value: As of the balance sheet date, the fair value of the bank bond stands at £4,915,000.00, based on the prevailing market rates. Any discrepancy between the purchase price and the redemption value is accounted for in accordance with applicable accounting standards, affecting the net income through interest income earned during the holding period. Purpose and Strategy: This investment aligns with the company’s strategy of maintaining a diversified portfolio of short-term investments to optimize liquidity and return on surplus cash. The company continuously evaluates the performance and risk profile of its investment portfolio to ensure alignment with its financial management objectives. This note is intended to provide stakeholders with insight into the company's investment activities and the specific nature of the bank bond within our current investments portfolio. It reflects our commitment to transparency and prudent financial management.
for the Period Ended 30 November 2023
for the Period Ended 30 November 2023
Name of director receiving advance or credit: | | |
Description of the loan: | | |
£ | ||
Balance at 01 December 2022 | | |
Advances or credits repaid: | ||
Balance at 30 November 2023 | |