Neutrino Networks Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07457504 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2021

FOR

NEUTRINO NETWORKS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L A Jones

REGISTERED OFFICE:

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

REGISTERED NUMBER:

07457504 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

CURRENT ASSETS

Debtors

5

127,099

159,871

Cash at bank

-

8,681

127,099

168,552

CREDITORS

Amounts falling due within one year

6

199,579

181,490

NET CURRENT LIABILITIES

(72,480

)

(12,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,480

)

(12,938

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(72,580

)

(13,038

)

SHAREHOLDERS' FUNDS

(72,480

)

(12,938

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2022 and were signed by:

L A Jones - Director

1.	STATUTORY INFORMATION

Neutrino Networks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.21

29.12.20

£

£

Trade debtors

656

658

Amounts owed by group undertakings

126,169

144,169

Other debtors

274

15,044

127,099

159,871

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.21

29.12.20

£

£

Bank loans and overdrafts

5,764

-

Other loans

13,291

14,366

Trade creditors

-

1

Tax

-

3,222

Social security and other taxes

26,221

25,670

Directors' current accounts

70,803

56,481

Accrued expenses

83,500

81,750

199,579

181,490

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.12.21

29.12.20

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 30 December 2020

(13,038

)

Deficit for the year

(59,542

)

At 29 December 2021

(72,580

)

9.	RELATED PARTY DISCLOSURES

Zaro Equestrian Limited-fellow subsidiary company at 29 December 2021 (not wholly owned)

At 29 December 2021, an amount of £20,870 was due to Zaro Equestrian Limited (2020 £20,870 due to Zaro Equestrian Limited).

Creditas Capital Ltd-parent company at 29 December 2021.

Creditas Capital Ltd continued to provide the company with a loan. At the balance sheet date the amount due from Creditas Capital Ltd was £176,401 (2020 £176,401).

R F D Network Limited - fellow subsidiary at 29 December 2021

R F D Network Limited continued to provide the company with a loan. The balance due from R F D Network Limited at 29 December 2021 was £1,173.19 (2020 £1,173.19).

Eightfooted Ltd - fellow subsidiary at 29 December 2021

At 29 December 2021, an amount of £12,535 was due to Eightfooted Ltd (2020 £12,535 due from Eightfooted Ltd).

Mr L A Jones-director

The director continued to provide the company with a loan. At the balance sheet date the amount due to the director was £70,803 (2020 £56,481).

Mrs S Jones- Shareholder

At 29 December 2021, an amount of £18,000 was due to Susan Jones.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S E Jones.