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REGISTERED NUMBER: 11207470 (England and Wales)















Navigilant Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2024






Navigilant Ltd (Registered number: 11207470)

Contents of the Financial Statements
for the year ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Navigilant Ltd

Company Information
for the year ended 28 February 2024







Directors: J L Crisp
D B Kessler





Secretary: D B Kessler





Registered office: 35 Ballards Lane
London
N3 1XW





Registered number: 11207470 (England and Wales)

Navigilant Ltd (Registered number: 11207470)

Balance Sheet
28 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,080 -

Current assets
Debtors 5 240,675 307,133
Cash at bank 562 24,033
241,237 331,166
Creditors
Amounts falling due within one year 6 109,722 173,989
Net current assets 131,515 157,177
Total assets less current liabilities 132,595 157,177

Creditors
Amounts falling due after more than one
year

7

52,965

77,062
Net assets 79,630 80,115

Capital and reserves
Called up share capital 8 200 200
Retained earnings 9 79,430 79,915
Shareholders' funds 79,630 80,115

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2024 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 29 November 2024 and were signed on its behalf by:





D B Kessler - Director


Navigilant Ltd (Registered number: 11207470)

Notes to the Financial Statements
for the year ended 28 February 2024


1. Statutory information

RTM Business Consulting Ltd 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational currency of the financial statements is the Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Navigilant Ltd (Registered number: 11207470)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


2. Accounting policies - continued

(iii) Offsetting
Financial assets and liabilities are offset and 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme. COntributions payable to the Company's pension scheme are charged to the Income Statement in the period to which they relate. Assets of the scheme are held in a separately administered fund from the Company.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions, present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Navigilant Ltd (Registered number: 11207470)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
Additions 1,620
At 28 February 2024 1,620
Depreciation
Charge for year 540
At 28 February 2024 540
Net book value
At 28 February 2024 1,080

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 7,143
Amounts owed by group undertakings 33,906 -
Other debtors 168,526 196,500
Directors' loan accounts - 70,295
VAT 19,369 17,285
Prepayments and accrued income 18,874 15,910
240,675 307,133

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 21,744 22,647
Trade creditors 21,934 54,020
Social security and other taxes 5,232 4,146
Other creditors - 26
Directors' loan accounts 39,156 -
Accruals and deferred income 21,656 93,150
109,722 173,989

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 24,010 21,807
Bank loans - 2-5 years 28,955 55,255
52,965 77,062

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
200 Ordinary £1 200 200

Navigilant Ltd (Registered number: 11207470)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


9. Reserves
Retained
earnings
£

At 1 March 2023 79,915
Deficit for the year (485 )
At 28 February 2024 79,430

10. Related party disclosures

At the Balance Sheet date, other debtors includes amounts owed from related companies of £168,526 (2023: £196,500). These Companies are related by virtue of a common director.

The amounts are unsecured and interest free, with no repayment terms.

Included within administrative expenses are amounts paid to the related company of £Nil (2023: £23,500).

11. Ultimate controlling party

The ultimate controlling party is D B Kessler.