N21 Group Limited
N21 Group Limited
Registered number: 12888309
Unaudited Financial Statements
For the Period
18 September 2020
to
30 June 2021
N21 Group Limited
Unaudited Financial Statements
For the Period
18 September 2020
to
30 June 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—6 |
N21 Group Limited
Balance Sheet
As at
30 June 2021
Balance Sheet
Registered number:
12888309
For the period ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 June 2021 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Investments | 3 |
|
|
|
|
|||
| CURRENT ASSETS | |||
| Debtors | 4 |
|
|
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 5 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
||
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital |
|
||
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (200) | ||
N21 Group Limited
Balance Sheet (continued)
As at
30 June 2021
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 4 to 6 form part of these financial statements.
N21 Group Limited
Notes to the Financial Statements
For the Period
18 September 2020
to
30 June 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.
1.3.
Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
1.4.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment losses.
1.5.
Consolidation
The company is the parent company in a small sized group, and has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare consolidated accounts.
1.6.
Non trading
The company did not trade throughout the period ended 30 June 2021.
2.
Average Number of Employees
| 30 June 2021 | |
|---|---|
| Average number of employees, including directors, during the period |
|
|
|
|
N21 Group Limited
Notes to the Financial Statements (continued)
For the Period
18 September 2020
to
30 June 2021
3.
Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at
|
- |
| Additions | 1,001 |
| As at
|
1,001 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
1,001 |
| As at
|
- |
N21 Limited
The company holds 100% of the share capital in N21 Limited.
Profit for the year: £58,743
Capital and reserves: £510,968
Silverbean USA, Inc.
The company holds 100% of the share capital in Silverbean USA, Inc.
Profit for the year: £nil
Capital and reserves: £1
4.
Debtors
| 30 June 2021 | |
|---|---|
| £ | |
| Due within one year | |
| Other debtors | 1,000 |
|
|
|
N21 Group Limited
Notes to the Financial Statements (continued)
For the Period
18 September 2020
to
30 June 2021
5.
Creditors: Amounts Falling Due Within One Year
| 30 June 2021 | |
|---|---|
| £ | |
| Amounts owed to group undertakings | 1,001 |
| Other creditors | 1,200 |
|
|
|
6.
Directors Advances, Credits and Guarantees
Included within Debtors are loans to the directors. The balance at the end of the period was £1,000.
The above loan is unsecured, interest free and repayable on demand.
7.
Related Party Transactions
N21 Limited
Subsidiary
N21 Group Limited holds 100% of the share capital in N21 Limited.
The amount due to the related party at the end of the period was £1,000.
Silverbean USA, Inc.
Subsidiary
N21 Group Limited holds 100% of the share capital in Silverbean USA, Inc.
The amount due to the related party at the end of the period was £1.
8.
General Information
N21 Group Limited
is a private company, limited by shares, incorporated in England & Wales. The company number is
12888309
and the registered office is 166 Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear, England, NE6 2AR.