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Company No: 12153279 (England and Wales)

SHINING POINT LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

SHINING POINT LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

SHINING POINT LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2023
SHINING POINT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2023
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
SHINING POINT LIMITED

BALANCE SHEET

As at 30 September 2023
SHINING POINT LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 4,606,163 4,233,440
4,606,163 4,233,440
Current assets
Cash at bank and in hand 284,476 509,783
284,476 509,783
Creditors: amounts falling due within one year 4 ( 5,640) ( 4,800)
Net current assets 278,836 504,983
Total assets less current liabilities 4,884,999 4,738,423
Net assets 4,884,999 4,738,423
Capital and reserves
Called-up share capital 5,000,100 5,000,100
Other reserves 211 0
Profit and loss account ( 115,312 ) ( 261,677 )
Total shareholders' funds 4,884,999 4,738,423

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Shining Point Limited (registered number: 12153279) were approved and authorised for issue by the Board of Directors on 08 December 2023. They were signed on its behalf by:

Lucy Winkworth
Director
SHINING POINT LIMITED

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 30 September 2023
SHINING POINT LIMITED

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 30 September 2023
Called-up share capital Other reserves Profit and loss account Total
£ £ £ £
At 01 October 2021 5,000,100 0 134,593 5,134,693
Loss for the financial year 0 0 ( 396,270) ( 396,270)
Total comprehensive loss 0 0 ( 396,270) ( 396,270)
At 30 September 2022 5,000,100 0 ( 261,677) 4,738,423
At 01 October 2022 5,000,100 0 ( 261,677) 4,738,423
Profit for the financial year 0 0 146,365 146,365
Total comprehensive income 0 0 146,365 146,365
Gain arising on fair value movement of illiquid fixed asset investments 0 211 0 211
At 30 September 2023 5,000,100 211 ( 115,312) 4,884,999
SHINING POINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
SHINING POINT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

Taxation

Current tax
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.

Fixed asset investments

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

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.

Ordinary share capital

Ordinary shares classified as equity.

2. Employees

2023 2022
Number Number
Average number of persons employed by the company 0 0

3. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 October 2022 4,233,440 4,233,440
Additions 1,948,842 1,948,842
Disposals ( 1,678,669) ( 1,678,669)
Movement in fair value 102,550 102,550
At 30 September 2023 4,606,163 4,606,163
Provisions for impairment
At 01 October 2022 0 0
At 30 September 2023 0 0
Carrying value at 30 September 2023 4,606,163 4,606,163
Carrying value at 30 September 2022 4,233,440 4,233,440

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 5,640 4,800