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REGISTERED NUMBER: 10550935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

BRIGHT-TECH INVESTMENTS GROUP LIMITED

BRIGHT-TECH INVESTMENTS GROUP LIMITED (REGISTERED NUMBER: 10550935)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

BRIGHT-TECH INVESTMENTS GROUP LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Folio
A Folio



REGISTERED OFFICE: Unit 9 Euro Business Park
Estate Road
Newhaven
East Sussex
BN9 0DQ



REGISTERED NUMBER: 10550935 (England and Wales)



SOLICITORS: Mayo Wynne Baxter
3 Bell Lane
Lewes
East Sussex
BN7 1JU

BRIGHT-TECH INVESTMENTS GROUP LIMITED (REGISTERED NUMBER: 10550935)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £ £
FIXED ASSETS
Investments 4 863,523 863,523

CURRENT ASSETS
Debtors 5 444 444
TOTAL ASSETS LESS CURRENT LIABILITIES 863,967 863,967

CAPITAL AND RESERVES
Called up share capital 6 444 444
Retained earnings 863,523 863,523
863,967 863,967

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





S Folio - Director


BRIGHT-TECH INVESTMENTS GROUP LIMITED (REGISTERED NUMBER: 10550935)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

BRIGHT-TECH INVESTMENTS GROUP 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. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 863,523
NET BOOK VALUE
At 31 December 2023 863,523
At 31 December 2022 863,523

BRIGHT-TECH INVESTMENTS GROUP LIMITED (REGISTERED NUMBER: 10550935)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Other debtors 444 444

6. CALLED UP SHARE CAPITAL

2022 2021 2022 2021
Ordinary share capital Number Number £    £   
Issued and not fully paid
Ordinary shares of 20p each 2,222 2,222 444 444

7. PARENT COMPANY

The company's immediate parent undertaking is SEKO S.P.A, a company incorporated in Italy.