REGISTERED NUMBER: |
Navigilant Advisory Ltd |
Unaudited Financial Statements |
for the period |
10 January 2023 to 28 February 2024 |
REGISTERED NUMBER: |
Navigilant Advisory Ltd |
Unaudited Financial Statements |
for the period |
10 January 2023 to 28 February 2024 |
Navigilant Advisory Ltd (Registered number: 14581746) |
Contents of the Financial Statements |
for the period 10 January 2023 to 28 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Navigilant Advisory Ltd |
Company Information |
for the period 10 January 2023 to 28 February 2024 |
Director: |
Registered office: |
Registered number: |
Navigilant Advisory Ltd (Registered number: 14581746) |
Balance Sheet |
28 February 2024 |
Notes | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) |
Shareholders' funds | ( |
) |
The director acknowledges his 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 were approved by the director and authorised for issue on |
Navigilant Advisory Ltd (Registered number: 14581746) |
Notes to the Financial Statements |
for the period 10 January 2023 to 28 February 2024 |
1. | Statutory information |
Navigilant Advisory Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Related party exemption |
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. |
Going concern |
The financial statements have been prepared on a going concern basis. The director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
Financial instruments |
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties. |
(i) Financial assets |
Basic financial assets, including other debtors and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest method. |
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated future cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Income Statement. |
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors, accruals and loans from related parties, are initially recognised at transaction price, unless that arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
3. | Employees and directors |
The average number of employees during the period was NIL. |
Navigilant Advisory Ltd (Registered number: 14581746) |
Notes to the Financial Statements - continued |
for the period 10 January 2023 to 28 February 2024 |
4. | Debtors: amounts falling due within one year |
£ |
Other debtors |
5. | Creditors: amounts falling due within one year |
£ |
Amounts owed to group undertakings |
Other creditors |
6. | Called up share capital |
Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1 |
7. | Reserves |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 28 February 2024 | ( |
) |
8. | Ultimate controlling party |
The ultimate controlling party is |