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Registration number: 12958378

NOT2L8 LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

NOT2L8 LTD

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

NOT2L8 LTD

(Registration number: 12958378)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

133,500

133,500

Current assets

 

Debtors

5

4

2

Creditors: Amounts falling due within one year

6

(133,500)

(133,500)

Net current liabilities

 

(133,496)

(133,498)

Net assets

 

4

2

Capital and reserves

 

Called up share capital

4

2

Shareholders' funds

 

4

2

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 


Mr R D Mitchell
Director

 

NOT2L8 LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westcotts
Plym House, 3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of management consultancy.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
.

Going concern

The financial statements have been prepared on a going concern basis.

 

NOT2L8 LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

Subsidiaries

£

Cost or valuation

At 1 April 2023

133,500

Provision

Carrying amount

At 31 March 2024

133,500

At 31 March 2023

133,500

 

NOT2L8 LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Debtors

2024
£

2023
£

Other debtors

4

2

4

2

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Amounts owed to group undertakings

20,450

10,000

Other creditors

113,050

123,500

133,500

133,500

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with directors

During the year the directors entered into the following advances and credits with the company:

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Directors

(123,500)

10,450

(113,050)

       
     

 

2023

At 1 November 2021
£

Advances to director
£

At 31 March 2023
£

Directors

(123,510)

10

(123,500)