Registration number:
Pulsar Holdings (UK) Ltd
(formerly
for the Year Ended 30 September 2024
Pulsar Holdings (UK) Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Pulsar Holdings (UK) Ltd
Company Information
Directors |
T H Abraham-James N L Herbert J Ferrier |
Registered office |
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Pulsar Holdings (UK) Ltd
(Registration number: 13781196)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
51,275 |
51,275 |
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Share premium reserve |
240,100 |
240,100 |
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Retained earnings |
(110,334) |
(108,785) |
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Shareholders' funds |
181,041 |
182,590 |
For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Pulsar Holdings (UK) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
Pulsur Holdings (UK) Ltd is a private company, limited by shares, incorporated in England & Wales. The address of the registered office is given in the company information on page 1 of these financial statements.
The company was formerly known as Invenir Ltd.
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 except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that access to the required funding for the company to meet its obligations as they fall due is available from group companies.
Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.
Investments
Investments in equity shares 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 or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Pulsar Holdings (UK) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2023 |
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At 30 September 2024 |
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Provision |
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At 30 September 2024 |
- |
Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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The company controlls 100% of the common stock of Keewaydin Resources Inc., a company incorporated in the United States.
Debtors |
Note |
2024 |
2023 |
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Amounts owed by group undertakings |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Amounts owed to group undertakings |
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Pulsar Holdings (UK) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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51,275 |
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51,275 |
Related party transactions |
As the company is a wholly owned subsidiary of Pulsar Helium Inc., it has taken advantage of the exemption contained within FRS 102 'Related Party Disclosures' and therefore, not disclosed transactions or balances with entities which are wholly owned members of the group.
Parent and ultimate parent undertaking |
The company is a wholly owned subsidiary of Pulsar Helium Inc., a company incorporated in Canada, with its registered office situated at Unit 1 - 15782 Marine Drive, White Rock, BC, V4B 1E6, Canada.
Copies of the consolidated group financial statements are available from www.pulsarhelium.com.