Company No:
Contents
DIRECTORS | Emma Flackett |
Lucy Winkworth |
SECRETARY | Breams Secretaries Ltd |
REGISTERED OFFICE | Floor 8 71 Queen Victoria Street |
London | |
EC4V 4AY | |
England | |
United Kingdom |
COMPANY NUMBER | 12153279 (England and Wales) |
CHARTERED ACCOUNTANTS | Dixon Wilson |
22 Chancery Lane | |
London | |
WC2A 1LS |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
|
|
|
4,606,163 | 4,233,440 | |||
Current assets | ||||
Cash at bank and in hand |
|
|
||
284,476 | 509,783 | |||
Creditors: amounts falling due within one year | 4 | (
|
(
|
|
Net current assets | 278,836 | 504,983 | ||
Total assets less current liabilities | 4,884,999 | 4,738,423 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Other reserves |
|
|
||
Profit and loss account | (
|
(
|
||
Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of Shining Point Limited (registered number:
Lucy Winkworth
Director |
Called-up share capital | Other reserves | Profit and loss account | Total | ||||
£ | £ | £ | £ | ||||
At 01 October 2021 |
|
|
|
|
|||
Loss for the financial year |
|
|
(
|
(
|
|||
Total comprehensive loss |
|
|
(
|
(
|
|||
At 30 September 2022 |
|
|
(
|
|
|||
At 01 October 2022 |
|
|
(
|
|
|||
Profit for the financial year |
|
|
|
|
|||
Total comprehensive income |
|
|
|
|
|||
Gain arising on fair value movement of illiquid fixed asset investments |
|
|
|
|
|||
At 30 September 2023 |
|
|
(
|
|
|||
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
Floor 8
71 Queen Victoria Street
London
England
EC4V 4AY
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention except for investments which are recorded at fair value.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investments which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit and loss. Valuations are calculated using bid prices except for funds that are priced on a Net Asset Value basis and structured products. Structured products are priced on a mark to market basis.
Dividends on equity securities are recognised in income when the right to receive payment is established. Interest receivable from listed fixed interest securities is recognised in the period to which it relates.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2023 | 2022 | ||
Number | Number | ||
Average number of persons employed by the company |
|
|
Listed investments | Total | ||
£ | £ | ||
Carrying value before impairment | |||
At 01 October 2022 |
|
|
|
Additions |
|
|
|
Disposals | (
|
(
|
|
Movement in fair value |
|
|
|
At 30 September 2023 |
|
|
|
Provisions for impairment | |||
At 01 October 2022 |
|
|
|
At 30 September 2023 |
|
|
|
Carrying value at 30 September 2023 |
|
|
|
Carrying value at 30 September 2022 |
|
|
2023 | 2022 | ||
£ | £ | ||
Other creditors |
|
|