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Registration number: 10437161

Illuminae Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

Illuminae Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Illuminae Limited

Company Information

Directors

R Nair

L A Morea

J M Amaral

Registered office

First Floor, Templeback
10 Temple Back
Bristol
BS1 6FL

Registered number

10437161

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Illuminae Limited

(Registration number: 10437161)
Balance Sheet as at 31 December 2023

Note

2023
$

2022
$

Fixed assets

 

Investments

4

754,497

754,497

Current assets

 

Debtors

5

380,488

365,767

Cash at bank and in hand

 

-

3,227

 

380,488

368,994

Creditors: Amounts falling due within one year

6

(921,357)

(881,309)

Net current liabilities

 

(540,869)

(512,315)

Net assets

 

213,628

242,182

Capital and reserves

 

Called up share capital

7

361,386

361,386

Other reserves

(34,001)

(5,447)

Profit and loss account

(113,757)

(113,757)

Total equity

 

213,628

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 8 May 2025 and signed on its behalf by:
 

.........................................

R Nair
Director

 

Illuminae Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor, Templeback
10 Temple Back
Bristol
BS1 6FL

2

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

The financial statements contain information about Illuminae as an individual entity and do not contain consolidated financial information of its group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

 

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

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

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
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Illuminae Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investments

2023
$

2022
$

Investments in subsidiaries

754,497

754,497

Subsidiaries

$

Cost

At 1 January 2023

754,497

At 31 December 2023

754,497

Carrying amount

At 31 December 2023

754,497

At 31 December 2022

754,497

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

2023

2022

Subsidiary undertakings

Illuminae (Europe) Limited

Isle of Man

Ordinary

100%

100%

Illuminae (U.K) Ltd

United Kingdom

Ordinary

100%

100%

Hyperbiotics Limited

Seychelles

Ordinary

100%

100%

Illuminae Inc.

United States of America

Ordinary

100%

100%

The Simple Folk Ltd

United Kingdom

Ordinary

77%

77%

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

5

Debtors: amounts falling due within one year

Note

2023
$

2022
$

Amounts owed by group undertakings

8

97,741

97,466

Amounts owed by related parties

8

282,747

267,819

Other debtors

 

-

482

 

380,488

365,767

6

Creditors

Note

2023
$

2022
$

Amounts falling due within one year

 

Trade creditors

 

-

2,894

Amounts owed to group undertakings

8

842,552

798,070

Accruals

 

-

4,884

Directors' loan accounts

 

78,805

75,461

 

921,357

881,309

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

$

No.

$

Ordinary shares of $1.20 each

300,000

361,386

300,000

361,386

         
 

Illuminae Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Related party transactions

Summary of transactions with subsidiaries

Income and receivables from related parties

2023

Subsidiary
$

Other related parties
$

Amounts receivable from related party

66,087

282,747

2022

Subsidiary
$

Other related parties
$

Amounts receivable from related party

67,482

267,819

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.

9

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.