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Northlight Investment UK Limited























Unaudited

Financial statements



For the year ended 31 December 2023



Registered number: 08211426
Information for filing with the registrar

 
Northlight Investment UK Limited - Registered number: 08211426

Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 4 
374,490
356,657

  
374,490
356,657

Total assets less current liabilities
  
 
 
374,490
 
 
356,657

Creditors: amounts falling due after more than one year
 5 
(374,489)
(356,656)

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 comprehensive income 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 18 September 2024.




C J G Armleder
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Northlight Investment UK Limited

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Northlight Investment UK Limited is a private company limited by shares incorporated in England and Wales. Its registered office is 33 Glasshouse Street, London, England, W1B 5DG. Registered number: 08211426

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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. 
Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

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.

Financial liabilities
Page 2

 
Northlight Investment UK Limited

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
270,000
270,000

Prepayments and accrued income
104,489
86,656

374,489
356,656

Due within one year

Amounts owed by group undertakings
1
1

374,490
356,657


Page 3

 
Northlight Investment UK Limited

 
Notes to the financial statements
For the year ended 31 December 2023

5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
270,000
270,000

Accruals and deferred income
104,489
86,656

374,489
356,656



6.


Loans


Analysis of the maturity of loans is given below:










7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets that are debt instruments measured at amortised cost
374,490
356,657


Financial liabilities


Financial liabilities measured at amortised cost
374,489
356,656


8.


Controlling party

The parent undertaking of the smallest group of undertakings of which the company is a member is
Northlight Investments Ltd, whose registered office address is 85 St John Street, Valletta, VLT 1165, Malta. Group financial statements are not prepared. 

Page 4