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REGISTERED NUMBER: 11246453 (England and Wales)















Financial Statements

for the Period 1 April 2022 to 30 March 2023

for

NETWORK PLUS CONSULTING LIMITED

NETWORK PLUS CONSULTING LIMITED (REGISTERED NUMBER: 11246453)

Contents of the Financial Statements
for the period 1 April 2022 to 30 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NETWORK PLUS CONSULTING LIMITED

Company Information
for the period 1 April 2022 to 30 March 2023







Directors: D L Holland
M Porter
K A Fowlie





Registered office: Chaddock Lane
Worsley
Greater Manchester
M28 1XW





Registered number: 11246453 (England and Wales)





Auditors: Haines Watts
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

NETWORK PLUS CONSULTING LIMITED (REGISTERED NUMBER: 11246453)

Balance Sheet
30 March 2023

2023 2022
Notes £ £
Current assets
Debtors 5 5,312 5,311
Cash at bank - 72,236
5,312 77,547
Creditors
Amounts falling due within one year 6 7,667 79,872
Net current liabilities (2,355 ) (2,325 )
Total assets less current liabilities (2,355 ) (2,325 )

Capital and reserves
Called up share capital 7 200 200
Retained earnings (2,555 ) (2,525 )
Shareholders' funds (2,355 ) (2,325 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





D L Holland - Director


NETWORK PLUS CONSULTING LIMITED (REGISTERED NUMBER: 11246453)

Notes to the Financial Statements
for the period 1 April 2022 to 30 March 2023


1. Statutory information

Network Plus Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company does not trade. It is not, therefore, appropriate to prepare the financial statements on the going concern basis. However, no adjustments are required to the figures in the financial statements as a result of having ceased to trade.

The company has net liabilities and so is dependent on the support of other group companies.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NETWORK PLUS CONSULTING LIMITED (REGISTERED NUMBER: 11246453)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. Employees and directors

The average number of employees during the period was NIL (2022 - NIL).

5. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 160 159
Other debtors 5,152 5,152
5,312 5,311

6. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 6,167 78,372
Accrued expenses 1,500 1,500
7,667 79,872

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
160 A Ordinary £1 160 160
40 B Ordinary £1 40 40
200 200

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

9. Contingent liabilities

The company has guaranteed the bank loans and overdrafts of its parent and subsidiary undertakings. At 30 March 2023 the indebtedness of these companies was £nil (2022 - £75,000,000).

NETWORK PLUS CONSULTING LIMITED (REGISTERED NUMBER: 11246453)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023


10. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. Ultimate controlling party

The immediate parent company, by virtue of its 100% shareholding, is Network Plus Topco Limited, a company registered in the United Kingdom.

Nyetimber Finco Limited, a company registered in the United Kingdom, is the parent undertaking of the smallest group of undertakings to consolidate these financial statements. OMERS Administration Corporation is the beneficial owner of Nyetimber Finco Limited.