Company Registration No. 09938882 (England and Wales)
Node Finance Ltd
Unaudited accounts
for the year ended 31 March 2024
Node Finance Ltd
Unaudited accounts
Contents
Node Finance Ltd
Company Information
for the year ended 31 March 2024
Directors
Christopher Neil Evans
Victoria Gardner
Company Number
09938882 (England and Wales)
Registered Office
2d Fulwood Park
Liverpool
L17 5AG
Node Finance Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
50,095
-
Cash at bank and in hand
973
1,633
Net current assets
41,232
44,958
Total assets less current liabilities
91,327
95,053
Provisions for liabilities
Other provisions
(40,259)
(40,259)
Called up share capital
52,978
52,978
Profit and loss account
(1,910)
1,816
Shareholders' funds
51,068
54,794
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by
Christopher Neil Evans
Director
Company Registration No. 09938882
Node Finance Ltd
Notes to the Accounts
for the year ended 31 March 2024
Node Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 09938882. The registered office is 2d Fulwood Park, Liverpool, L17 5AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The property has resulted from the transfer of the Goodwill of the Tokyo business of which was previously held in a share investment and a resulting disposal of the shares for nil value.
4
Intangible fixed assets
Goodwill
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
50,095
Valuation at 31 March 2024
-
Node Finance Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
-
3,066
Other debtors
40,259
40,259
7
Transactions with related parties
The company in a prior period made a loan to 10958626 Ltd, formerly TD2023 Realisations Ltd and formerly Tokyo Digital Ltd. The loan balance due to the Company is £40,259 (2023: £40,259). The amount is shown in other debtors due < 1 year. The debt is considered highly doubtful, likely unrecoverable and as such has been provided for in full.
Various balances were owed from/to related party companies as a result of this company formerly being the Parent undertaking of such. The funds are contra and have been netted off. Therefore, no balances are due from/to former Group companies save for the balance stated above.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).