Registration number:
Illuminae Limited
for the Year Ended 31 December 2023
Pages for filing with Registrar
Illuminae Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Illuminae Limited
Company Information
Directors |
R Nair L A Morea J M Amaral |
Registered office |
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Registered number |
10437161 |
Accountant |
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Illuminae Limited
(Registration number: 10437161)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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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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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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361,386 |
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Other reserves |
( |
(5,447) |
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Profit and loss account |
( |
(113,757) |
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Total equity |
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242,182 |
Illuminae Limited
(Registration number: 10437161)
Balance Sheet as at 31 December 2023
For the financial year ending 31 December 2023 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. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Illuminae Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
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.
Statement of compliance
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.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in US Dollars which is the presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest $. The company's functional currency is pound sterling.
Going concern
These financial statements are prepared on the Going Concern basis. The parent company has confirmed that it would provide this financial support for a period of at least 12 months from when the financial statements are approved.
Group accounts not prepared
Illuminae Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Investments
Investments are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand.
Illuminae Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Financial instruments
Classification
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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.
Basic financial assets
Basic financial assets, which include trade and other receivables, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the 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 classified as payable within one year are not amortised.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Illuminae Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
$ |
Cost |
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At 1 January 2023 |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Isle of Man |
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United Kingdom |
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Seychelles |
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United States of America |
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United Kingdom |
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All subsidiary periods are coterminous across the group.
The investments in subsidiaries are all stated at cost.
Illuminae Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Debtors: amounts falling due within one year |
Note |
2023 |
2022 |
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Amounts owed by group undertakings |
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Amounts owed by related parties |
282,747 |
267,819 |
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Other debtors |
- |
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Creditors |
Note |
2023 |
2022 |
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Amounts falling due within one year |
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Trade creditors |
- |
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Amounts owed to group undertakings |
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Accruals |
- |
4,884 |
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Directors' loan accounts |
78,805 |
75,461 |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
$ |
No. |
$ |
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|
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361,386 |
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361,386 |
Illuminae Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Related party transactions |
Summary of transactions with subsidiaries
Income and receivables from related parties
2023 |
Subsidiary |
Other related parties |
Amounts receivable from related party |
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2022 |
Subsidiary |
Other related parties |
Amounts receivable from related party |
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FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly-owned by such a member. The balances below relate to the company’s non wholly-owned subsidiary.
Parent company |
The ultimate controlling party is Mr L A Morea by virtue of his majority shareholding in Better Nutrition Limited.
The company's immediate and ultimate parent company is Better Nutrition Limited, incorporated in Hong Kong. The registered office is Unit G, 15/F, TAL Building, 49 Austin Road, Kowloon, Hong Kong.