Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312022-07-06falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14218020 2022-07-05 14218020 2022-07-06 2023-12-31 14218020 2021-07-06 2022-07-05 14218020 2023-12-31 14218020 c:Director1 2022-07-06 2023-12-31 14218020 c:Director1 2023-12-31 14218020 c:RegisteredOffice 2022-07-06 2023-12-31 14218020 d:CurrentFinancialInstruments 2023-12-31 14218020 d:Non-currentFinancialInstruments 2023-12-31 14218020 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14218020 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14218020 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 14218020 d:ShareCapital 2022-07-06 2023-12-31 14218020 d:ShareCapital 2023-12-31 14218020 d:RetainedEarningsAccumulatedLosses 2022-07-06 2023-12-31 14218020 d:RetainedEarningsAccumulatedLosses 2023-12-31 14218020 c:FRS102 2022-07-06 2023-12-31 14218020 c:AuditExempt-NoAccountantsReport 2022-07-06 2023-12-31 14218020 c:FullAccounts 2022-07-06 2023-12-31 14218020 c:PrivateLimitedCompanyLtd 2022-07-06 2023-12-31 14218020 2 2022-07-06 2023-12-31 14218020 6 2022-07-06 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 14218020







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


TRUE NORTH PLANET LTD






































img5897.png                        

 


TRUE NORTH PLANET LTD
 


 
COMPANY INFORMATION


Director
J Xiaozhou (appointed 6 July 2022)




Registered number
14218020



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


TRUE NORTH PLANET LTD
REGISTERED NUMBER:14218020



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
 4 
15

  
15

Current assets
  

Debtors: amounts falling due after more than one year
 5 
645,975

Debtors: amounts falling due within one year
 5 
17,618

Cash at bank and in hand
  
39,713

  
703,306

Creditors: amounts falling due within one year
 6 
(16,094)

Net current assets
  
 
 
687,212

Total assets less current liabilities
  
687,227

Creditors: amounts falling due after more than one year
  
(685,975)

  

Net assets
  
1,252


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
1,152

  
1,252


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2024.

J Xiaozhou
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 


TRUE NORTH PLANET LTD
 



STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
1,152
1,152


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
1,152
1,152


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 31 December 2023
100
1,152
1,252

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


TRUE NORTH PLANET LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

True North Planet Ltd is a private company limited by shares incorporated in England & Wales, The address of the registered office is disclosed on the company information page.
 
These accounts cover an elongated period from the Company's incorporation to 31 December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 


TRUE NORTH PLANET LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
15



At 31 December 2023
15




Page 4

 


TRUE NORTH PLANET LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

2023
£

Due after more than one year

Due from related undertakings
645,975

645,975


2023
£

Due within one year

Other debtors
100

Prepayments and accrued income
17,518

17,618



6.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
270

Accruals and deferred income
15,824

16,094



7.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
153,000

Amounts due to group undertakings
532,975

685,975


Page 5

 


TRUE NORTH PLANET LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
£




Amounts falling due after more than 5 years

Other loans
153,000

Amounts due to group undertakings
532,975

685,975

685,975


The other loan of £153,000 has been classified as falling due in more than 5 years and is repayable when a related company, Wimbledon Park Limited, disposes of its investment property.
Amounts due to group undertakings falling due after more than 5 years represent loans which have been provided for an indefinite period.
The director personally gaurentees the loan from group undertakings of £532,975.

 
Page 6