Company registration number 04661749 (England and Wales)
NIGHTSEARCHER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
NIGHTSEARCHER LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 12
NIGHTSEARCHER LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. C.D. Howard
Mr. A.L. Sanczuk
Company number
04661749
Registered office
Unit 4
Applied House
Fitzherbert Spur
Portsmouth
Hampshire
United Kingdom
PO6 1TT
Auditor
TC Group
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
NIGHTSEARCHER LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
83,801
126,857
Tangible assets
3
57
3,335
83,858
130,192
Current assets
Stocks
1,998,831
2,299,906
Debtors
5
1,875,313
1,849,063
Cash at bank and in hand
299,599
131,843
4,173,743
4,280,812
Creditors: amounts falling due within one year
6
(1,766,859)
(2,244,097)
Net current assets
2,406,884
2,036,715
Total assets less current liabilities
2,490,742
2,166,907
Creditors: amounts falling due after more than one year
7
-
0
(1,852)
Provisions for liabilities
8
(25,005)
(31,714)
Net assets
2,465,737
2,133,341
Capital and reserves
Called up share capital
9
1,680
1,680
Share premium account
149,040
149,040
Capital redemption reserve
320
320
Profit and loss reserves
2,314,697
1,982,301
Total equity
2,465,737
2,133,341
NIGHTSEARCHER LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 2 December 2025 and are signed on its behalf by:
Mr. C.D. Howard
Director
Company Registration No. 04661749
The notes on pages 4 to 12 form part of these financial statements
NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Nightsearcher Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4, Applied House, Fitzherbert Spur, Portsmouth, Hampshire, United Kingdom, PO6 1TT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

As set out in the Directors' Responsibilities Statement on page 3, in preparing these financial statements the directors are required to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. In satisfaction of this responsibility the directors have reviewed in detail the business' forecasts, and considered the company's ability to meet its liabilities as they fall due.true

The company utilises a range of bank lending facilities to provide the company with working capital for its operations so that it has sufficient liquidity to enable it to meet its commitments as they fall due. The most significant facility of which is an import loan arrangement with its bank, which enables the company to draw upto 60% of the value of its stock holding, capped to £1.4 million, thus providing the company with flexible funding.

The company has successfully renewed its import loan facility recently, with the most recent renewal on 11 September 2025 with a contracted expiry date of 30 April 2026. The bank remains well-informed about the company’s performance through regular management updates and ongoing communication with the directors. While the directors acknowledge that the frequency of the renewal process creates some uncertainty regarding the availability of its lending facilities beyond this date, the directors are confident that the facility will continue to be renewed in future periods, as it has done on each renewal occasion prior. Accordingly the directors have concluded that no material uncertainty exists in respect of the company's expectation of the renewal of its import loan facility beyond its contracted expiry date above.

The business' forecasts show that with the continuation of the current bank lending facilities in place, together with the forecasted performance of the company being of at least similar to the previous year, the directors have a reasonable expectation that the company will have sufficient resources to enable the company to continue to meet its obligations as they fall due for the foreseeable future. Accordingly, the directors consider it appropriate to prepare these financial statements on a going concern basis.

NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.3
Turnover

Turnover is measured at the fair value of the consideration receivable, excluding VAT and duty. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company.

1.4
Research and development expenditure

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is deferred as capitalised Product Development costs and amortised over the period during which the company is expected to benefit.

Product Development
5 years
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold Property
20% on cost
Plant & Machinery
20% on cost
Fixtures & Fittings
33% on cost
Motor Vehicles
25% on cost
Website Development
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs incurred in bringing each product to its present location and condition, including direct materials, direct labour costs and attributable overheads based on a normal level of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
1.8
Financial instruments

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 balance sheet 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 debtors and cash and bank balances, 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 creditors, bank loans and commercial finance loans 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 7 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 6 (202 3 - 2 6).

2025
2024
Number
Number
Total
20
26
3
Tangible fixed assets
Leasehold Property
Plant & Machinery
Fixtures & Fittings
Website Development
Total
£
£
£
£
£
Cost
At 1 July 2024 and 30 June 2025
51,351
246,098
74,259
49,921
421,629
Depreciation and impairment
At 1 July 2024
51,351
246,098
70,924
49,921
418,294
Depreciation charged in the year
-
0
-
0
3,278
-
0
3,278
At 30 June 2025
51,351
246,098
74,202
49,921
421,572
Carrying amount
At 30 June 2025
-
0
-
0
57
-
0
57
At 30 June 2024
-
0
-
0
3,335
-
0
3,335
NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
4
Intangible fixed assets
Product Development
£
Cost
At 1 July 2024
522,139
Additions
11,954
At 30 June 2025
534,093
Amortisation and impairment
At 1 July 2024
395,282
Amortisation charged for the year
55,010
At 30 June 2025
450,292
Carrying amount
At 30 June 2025
83,801
At 30 June 2024
126,857
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
471,712
535,176
Supplier payments on account
353,217
549,078
Corporation tax recoverable
-
0
16,435
Amounts due from related parties
970,697
670,388
Other debtors
23,881
23,881
Prepayments and accrued income
55,806
54,105
1,875,313
1,849,063

Amounts due from related parties

Amounts due from related parties, comprises monies leant by the company to its parent company, to other group undertakings and to other companies related via common control which together form the Nightsearcher group of companies. These amounts are unsecured and the company has no right to receive interest on them. The directors expect that the amounts owed by the related party undertakings will ultimately be recovered from future cash flows received by the company. However at the date of approval of these financial statements, no formal plans have been made by the Nightsearcher group of companies for the repayment of these debtors, although the directors still consider them to be ultimately recoverable in full.

NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 10 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans, overdrafts and commercial finance loans
951,615
1,053,191
Trade creditors
96,348
150,197
Amounts owed to related parties
31,011
6,568
Corporation tax
121,331
-
0
PAYE and social security costs
30,871
116,187
VAT
92,719
88,183
Other creditors
9,005
9,800
Accruals and deferred income
433,959
819,971
1,766,859
2,244,097

The bank loans, overdraft and commercial finance loans are secured creditors. The security in the form of a debenture, is also provided by the parent company covering all monies owed to the secured creditors, and a director has also provided a £100,000 personal guarantee.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
0
1,852
8
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Fixed asset timing differences
25,005
31,714
NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
8
Deferred taxation
(Continued)
- 11 -
2025
Movements in the year:
£
Liability at 1 July 2024
31,714
Credit to profit or loss
(6,709)
Liability at 30 June 2025
25,005
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,680 Ordinary A shares of £1 each
1,680
1,680
1,680
1,680
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
James Blake FCA
Statutory Auditor:
TC Group
Date of audit report:
2 December 2025
11
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
38,606
80,395
NIGHTSEARCHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
12
Related party transactions

The company has applied the exemption under Section 33.1A of FRS 102 not to disclose transactions with fellow wholly owned group undertakings.

The directors consider that, there are no transactions with other related part ies which have not been conducted under normal market conditions and hence in accordance with Section 1AC.35 of FRS 102 there are no further related party transactions requiring disclosure.

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