Noriker Perseverance Ltd 10604667 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the trade of the provision of management and technical services relating to the production and sale of electricity. Digita Accounts Production Advanced 6.30.9574.0 true true 10604667 2022-08-01 2023-07-31 10604667 2023-07-31 10604667 bus:OrdinaryShareClass1 2023-07-31 10604667 core:CurrentFinancialInstruments 2023-07-31 10604667 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10604667 core:ConstructionInProgressAssetsUnderConstruction 2023-07-31 10604667 bus:SmallEntities 2022-08-01 2023-07-31 10604667 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10604667 bus:FilletedAccounts 2022-08-01 2023-07-31 10604667 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10604667 bus:RegisteredOffice 2022-08-01 2023-07-31 10604667 bus:Director1 2022-08-01 2023-07-31 10604667 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10604667 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10604667 core:ConstructionInProgressAssetsUnderConstruction 2022-08-01 2023-07-31 10604667 countries:England 2022-08-01 2023-07-31 10604667 2022-07-31 10604667 core:ConstructionInProgressAssetsUnderConstruction 2022-07-31 10604667 2021-08-01 2022-07-31 10604667 2022-07-31 10604667 bus:OrdinaryShareClass1 2022-07-31 10604667 core:CurrentFinancialInstruments 2022-07-31 10604667 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10604667 core:ConstructionInProgressAssetsUnderConstruction 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10604667

Noriker Perseverance Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Noriker Perseverance Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Noriker Perseverance Ltd

(Registration number: 10604667)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

763,291

684,478

Current assets

 

Debtors

5

48,734

35,605

Cash at bank and in hand

 

29,941

1,009

 

78,675

36,614

Creditors: Amounts falling due within one year

6

(1,398,102)

(1,167,294)

Net current liabilities

 

(1,319,427)

(1,130,680)

Net liabilities

 

(556,136)

(446,202)

Capital and reserves

 

Called up share capital

7

1

1

Profit and loss account

(556,137)

(446,203)

Shareholders' deficit

 

(556,136)

(446,202)

For the financial year ending 31 July 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 year in question in accordance with section 476; and

The director acknowledges their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 8 March 2024
 


Dr Marc Jason Thomas
Director

 

Noriker Perseverance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
4th Floor
The Quadrangle
Imperial Square
Cheltenham
Gloucestershire
GL50 1PZ

Principal activity

The principal activity of the company is the trade of the provision of management and technical services relating to the production and sale of electricity.

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 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 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

 

Noriker Perseverance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the costs of assets, other than assets under construction, over their estimated useful lives.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Noriker Perseverance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Tangible assets

Assets under construction
£

Total
£

Cost or valuation

At 1 August 2022

684,478

684,478

Additions

78,813

78,813

At 31 July 2023

763,291

763,291

Depreciation

Carrying amount

At 31 July 2023

763,291

763,291

At 31 July 2022

684,478

684,478

5

Debtors

2023
£

2022
£

Other debtors

48,734

35,605

48,734

35,605

 

Noriker Perseverance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

1,397,052

1,166,244

Accruals and deferred income

 

1,050

1,050

 

1,398,102

1,167,294

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Related party transactions

Transactions with group companies

The company has taken advantage of the exemption provided by FRS 102 s33.1A whereby disclosures need not be given of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.