COMPANY REGISTRATION NUMBER:
SC772947
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2024
Current Assets
|
Debtors |
4 |
137,861 |
138,071 |
|
--------- |
--------- |
|
Net Current Assets |
137,861 |
138,071 |
|
--------- |
--------- |
|
Total Assets Less Current Liabilities |
137,861 |
138,071 |
|
--------- |
--------- |
|
|
|
|
Capital and Reserves
|
Called up share capital |
118 |
118 |
|
Share premium account |
137,953 |
137,953 |
|
Profit and loss account |
(
210) |
– |
|
--------- |
--------- |
|
Shareholders Funds |
137,861 |
138,071 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
Company registration number:
SC772947
|
Notes to the Financial Statements |
|
Year Ended 31 December 2024
1.
General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 163 Bath Street, Glasgow, G2 4SQ, Scotland.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings |
137,551 |
137,971 |
|
Other debtors |
310 |
100 |
|
--------- |
--------- |
|
137,861 |
138,071 |
|
--------- |
--------- |
|
|
|
5.
Related Party Transactions
At 31 December 2024, a balance of £137,551 was due from the company's wholly-owned subsidiary, Novarum DX Limited. There were no other balances or transactions with related parties during the year.