NEGOTIUM_GROUP_LIMITED - Accounts
NEGOTIUM_GROUP_LIMITED - Accounts
Negotium Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Berkeley Street, LONDON, W1J 8DZ.
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 amounts 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.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Basic financial assets, which include loans to fellow group companies, are measured at transaction price including transaction costs.
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, including loans from fellow group companies, are recognised at transaction price.
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The Ordinary A shares of £0.01 each rank paris-passu with the Ordinary B shares of £0.01 each.
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.
The immediate parent company is Freshname No. 410 Limited. The registered office is 16 Berkeley Street, LONDON, W1J 8DZ.
The intermediate parent company was Freshname No. 411 Limited. The registered office is 16 Berkeley Street, LONDON, W1J 8DZ.
The ultimate parent company was Freshname No. 412 Limited. The registered office is 16 Berkeley Street, LONDON, W1J 8DZ.