0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 123,161 123,161 123,161 xbrli:pure xbrli:shares iso4217:GBP 09720438 2024-09-01 2025-08-31 09720438 2025-08-31 09720438 2024-08-31 09720438 2023-09-01 2024-08-31 09720438 2024-08-31 09720438 2023-08-31 09720438 bus:Director1 2024-09-01 2025-08-31 09720438 core:WithinOneYear 2025-08-31 09720438 core:WithinOneYear 2024-08-31 09720438 core:AfterOneYear 2025-08-31 09720438 core:AfterOneYear 2024-08-31 09720438 core:ShareCapital 2025-08-31 09720438 core:ShareCapital 2024-08-31 09720438 core:RetainedEarningsAccumulatedLosses 2025-08-31 09720438 core:RetainedEarningsAccumulatedLosses 2024-08-31 09720438 core:CostValuation core:Non-currentFinancialInstruments 2025-08-31 09720438 core:Non-currentFinancialInstruments 2025-08-31 09720438 core:Non-currentFinancialInstruments 2024-08-31 09720438 bus:SmallEntities 2024-09-01 2025-08-31 09720438 bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 09720438 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 09720438 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 09720438 bus:FullAccounts 2024-09-01 2025-08-31
COMPANY REGISTRATION NUMBER: 09720438

NGS European Explorations I Limited

Filleted Unaudited Financial Statements

31 August 2025

NGS European Explorations I Limited

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Investments | 4 |  | 123,161 | 123,161

Current assets

Debtors | 5 | 6,722 |  | 6,722

Creditors: amounts falling due within one year | 6 | 9,041 |  | 6,900
| ------- |  | -------
Net current liabilities |  | 2,319 | 178
|  | --------- | ---------
Total assets less current liabilities |  | 120,842 | 122,983

Creditors: amounts falling due after more than one year | 7 |  | 143,625 | 143,625
|  | --------- | ---------
Net liabilities |  | ( 22,783) | ( 20,642)
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 128 | 128
Profit and loss account |  | ( 22,911) | ( 20,770)
|  | -------- | --------
Shareholders deficit |  | ( 22,783) | ( 20,642)
|  | -------- | --------

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 statement of income and retained earnings has not been delivered.
For the year ending 31 August 2025 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 .

NGS European Explorations I Limited

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 1 April 2026 , and are signed on behalf of the board by:

Mr M Burton
Director

Company registration number: 09720438

NGS European Explorations I Limited

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is SHS, The Terrace, Fifth Floor, 76 Wardour Street, London, W1F 0UR, England.
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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors having made appropriate enquiries believe that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its obligations and settle its liabilities as they fall due for payment. The company therefore continues to adopt the going concern basis in preparing the company financial statements.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
4. Investments

| Other investments other than loans
| £
Cost |
At 1 September 2024 and 31 August 2025 | 123,161
| ---------
Impairment |
At 1 September 2024 and 31 August 2025 | –
| ---------

Carrying amount |
At 31 August 2025 | 123,161
| ---------
At 31 August 2024 | 123,161
| ---------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 6,722 | 6,722
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Other creditors | 9,041 | 6,900
| ------- | -------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Trade creditors | 143,625 | 143,625
| --------- | ---------

8. Charges and liabilities
Altus Media (Twelve)Plc holds a fixed and floating charge over the assets of the company.