Disclosure Of Material Accounting Policy Information [Text Block]

NORTHERN 2 VCT PLC - Filing #7534454

Concept 2024-04-01 to
2025-03-31
Disclosure of material accounting policy information [text block]
1. Accounting policies
Description of accounting policy for deferred income tax [text block]
Provision is made for deferred taxation on all timing differences calculated at the current rate of tax relevant to the benefit or liability.
Description of accounting policy for determining components of cash and cash equivalents [text block]
(d) Cash and cash equivalents
Description of accounting policy for dividends [text block]
(i) Dividends payable
Description of accounting policy for expenses [text block]
(f) Expenses
Description of accounting policy for financial assets [text block]
(c) Valuation of investments
Description of accounting policy for functional currency [text block]
The financial statements are prepared in sterling which is the functional and presentational currency of the Company and rounded to the nearest £000.
Description of accounting policy for income tax [text block]
(h) Taxation
Description of accounting policy for issued capital [text block]
(k) Share capital account
Description of accounting policy for interest income and expense [text block]
(e) Income
Description of accounting policy for provisions [text block]
( j) Provisions
Description of accounting policy for recognition of revenue [text block]
(g) Revenue and capital
Description of accounting policy for segment reporting [text block]
(q) Segmental reporting

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