NORTHERN & SHELL VENTURES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding net liabilities of £30.2 million and net current liabilities of £32.4 million as at 31 December 2024, and a £1.7 million loss for the year then ended, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The ultimate parent company, Northern & Shell Plc, has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, until at least 12 months from the date of approval of these financial statements.”

Significant events

• “During the year, the company sold its entire shareholding in My Single Friend Limited, an associate undertaking, for a consideration of £1, and a profit on disposal of fixed asset investment of £nil.”
• “During the year, the company were issued 894,855 ordinary shares of £1 each in the capital of a company, held as other investments, for a total consideration of £200,000 (note 3).”
• “On 31 October 2023, the company sold its entire shareholding in FFS Beauty Ltd for a consideration of £500,000 in cash, £300,000 in loan notes (note 10) and in exchange for 72,001 ordinary shares of £1 each in the capital of FFS Ventures Ltd, the immediate parent company of FFS Beauty Ltd, resulting in a loss on disposal of £174,000 (note 3).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -6%

  -£28,481,000 → -£30,202,000

• Employees

  —

  Not reported

• Operating profit

  +214.9%

  -£174,000 → £200,000

• Profit before tax

  +8.7%

  -£2,184,000 → -£1,995,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers