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REGISTERED NUMBER: 07991673 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

NOTA BENE GLOBAL LIMITED

NOTA BENE GLOBAL LIMITED (REGISTERED NUMBER: 07991673)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOTA BENE GLOBAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2021







DIRECTORS: Mrs E Lassman
A S Lassman





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 07991673 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
London
W2 1HY

NOTA BENE GLOBAL LIMITED (REGISTERED NUMBER: 07991673)

BALANCE SHEET
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,133 33,176

CURRENT ASSETS
Debtors 5 360,250 200,701
Cash at bank 597,384 180,579
957,634 381,280
CREDITORS
Amounts falling due within one year 6 610,609 241,942
NET CURRENT ASSETS 347,025 139,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,158

172,514

CREDITORS
Amounts falling due after more than one
year

7

250,000

-
NET ASSETS 121,158 172,514

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 121,058 172,414
SHAREHOLDERS' FUNDS 121,158 172,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NOTA BENE GLOBAL LIMITED (REGISTERED NUMBER: 07991673)

BALANCE SHEET - continued
31 August 2021


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 Board of Directors and authorised for issue on 7 December 2021 and were signed on its behalf by:





A S Lassman - Director


NOTA BENE GLOBAL LIMITED (REGISTERED NUMBER: 07991673)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Nota Bene Global Limited 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.

2. ACCOUNTING POLICIES

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

Going concern
After reviewing the company's forecasts and projections, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover relating to trips organised by the company are recognised as the total amount receivable by the company for goods supplied and services provided, excluding value added tax. Turnover is recognised on a date of travel basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% straight line

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the year comprises current 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

NOTA BENE GLOBAL LIMITED (REGISTERED NUMBER: 07991673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2020
and 31 August 2021 53,232
DEPRECIATION
At 1 September 2020 20,056
Charge for year 9,043
At 31 August 2021 29,099
NET BOOK VALUE
At 31 August 2021 24,133
At 31 August 2020 33,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 23,127 40,734
Other debtors 337,123 159,967
360,250 200,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts - 3,166
Trade creditors 11,485 12,414
Taxation and social security 215,834 162,306
Other creditors 383,290 64,056
610,609 241,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
£    £   
Bank loans 250,000 -

NOTA BENE GLOBAL LIMITED (REGISTERED NUMBER: 07991673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.21 31.8.20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 62,500 -

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.21 31.8.20
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2020 172,414
Profit for the year 228,644
Dividends (280,000 )
At 31 August 2021 121,058

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2021 and 31 August 2020:

31.8.21 31.8.20
£    £   
A S Lassman and Mrs E Lassman
Balance outstanding at start of year 84,559 152,419
Amounts advanced 321,720 255,288
Amounts repaid (323,418 ) (323,148 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,861 84,559

11. RELATED PARTY DISCLOSURES

As at 31 August 2021, the company was owed £47,820 (2020: £43,768) by a company controlled by the controlling parties of Nota Bene Global Limited.

This loan is repayable on demand and no interest is charged.