POSITIONEERING GROUP LIMITED

Company Registration Number:
SC449856 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

POSITIONEERING GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

POSITIONEERING GROUP LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 326,667 334,667
Investments: 4 5,702,358 5,702,358
Total fixed assets: 6,029,025 6,037,025
Current assets
Stocks: 0
Debtors:   472,268 181,032
Cash at bank and in hand: 142,835 455,163
Investments:     0
Total current assets: 615,103 636,195
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 615,103 636,195
Total assets less current liabilities: 6,644,128 6,673,220
Creditors: amounts falling due after more than one year:   (1,021,536) (1,035,928)
Provision for liabilities: 0 0
Total net assets (liabilities): 5,622,592 5,637,292
Capital and reserves
Called up share capital: 14,234 14,234
Share premium account: 7,058,859 7,058,859
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (1,450,501) (1,435,801)
Shareholders funds: 5,622,592 5,637,292

The notes form part of these financial statements

POSITIONEERING GROUP 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 19 January 2024
and signed on behalf of the board by:

Name: Antony Leary
Status: Director

The notes form part of these financial statements

POSITIONEERING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POSITIONEERING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

POSITIONEERING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 400,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 400,000
Depreciation
At 01 January 2022 65,333
Charge for year 8,000
On disposals 0
Other adjustments 0
At 31 December 2022 73,333
Net book value
At 31 December 2022 326,667
At 31 December 2021 334,667

Depreciation is provided for at the following annual rate to write off the asset over its useful life: Buildings - 50-years / 2% per annum, straight line.

POSITIONEERING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Fixed investments

Fixed Asset Investments relate to the following wholly owned subsidiaries of Positioneering Group Limited: Positioneering Limited (Registered in Scotland) and Positioneering LLC (Registered in Delaware). The directors have considered the investments in these companies and have determined it appropriate to maintain a historic cost valuation.