Company No:
Contents
DIRECTORS | Emma Flackett |
Lucy Winkworth |
SECRETARY | Breams Secretaries Limited |
REGISTERED OFFICE | Floor 8 71 Queen Victoria Street |
London | |
EC4V 4AY | |
United Kingdom |
COMPANY NUMBER | 12153279 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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5,398,097 | 4,606,163 | |||
Current assets | ||||
Cash at bank and in hand |
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91,056 | 284,476 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 85,116 | 278,836 | ||
Total assets less current liabilities | 5,483,213 | 4,884,999 | ||
Provision for liabilities | 5 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Other reserves | (
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Shining Point Limited (registered number:
Lucy Winkworth
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
Floor 8
71 Queen Victoria Street
London
England
EC4V 4AY
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention except for investments which are recorded at fair value.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investments which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit and loss. Valuations are calculated using bid prices except for funds that are priced on a Net Asset Value basis and structured products. Structured products are priced on a mark to market basis.
Dividends on equity securities are recognised in income when the right to receive payment is established. Interest receivable from listed fixed interest securities is recognised in the period to which it relates.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
2024 | 2023 | ||
Number | Number | ||
Average number of persons employed by the company |
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Listed investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 October 2023 |
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Additions |
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Disposals | (
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Movement in fair value |
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At 30 September 2024 |
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Carrying value at 30 September 2024 |
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Carrying value at 30 September 2023 |
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2024 | 2023 | ||
£ | £ | ||
Other creditors |
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2024 | 2023 | ||
£ | £ | ||
At the beginning of financial year |
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Charged to the Profit and Loss Account | (
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At the end of financial year | (
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