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REGISTERED NUMBER: 12341611 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Nutshell Asset Management Limited

Nutshell Asset Management Limited (Registered number: 12341611)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nutshell Asset Management Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: M Ellis
R A Bigwood





REGISTERED OFFICE: 50 Jermyn Street
London
SW1Y 6LX





REGISTERED NUMBER: 12341611 (England and Wales)





AUDITORS: PJE Chartered Accountants & Statutory Auditors
2 Oakfield Road
Clifton
Bristol
BS8 2AL

Nutshell Asset Management Limited (Registered number: 12341611)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,000 -

CURRENT ASSETS
Debtors 5 24,835 16,572
Cash at bank 153,643 68,060
178,478 84,632
CREDITORS
Amounts falling due within one year 6 13,001 -
NET CURRENT ASSETS 165,477 84,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,477

84,632

CREDITORS
Amounts falling due after more than one
year

7

24,500

35,000
NET ASSETS 143,977 49,632

CAPITAL AND RESERVES
Called up share capital 8 1,063 1,000
Share premium 9 248,937 99,000
Retained earnings 9 (106,023 ) (50,368 )
SHAREHOLDERS' FUNDS 143,977 49,632

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 27 July 2022 and were signed on its behalf by:





M Ellis - Director


Nutshell Asset Management Limited (Registered number: 12341611)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Nutshell Asset Management 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment, fixtures & fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

Nutshell Asset Management Limited (Registered number: 12341611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
& fittings
£   
COST
Additions 3,559
At 31 March 2022 3,559
DEPRECIATION
Charge for year 559
At 31 March 2022 559
NET BOOK VALUE
At 31 March 2022 3,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 22,373 16,572
Prepayments 2,462 -
24,835 16,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 7,000 -
Social security and other taxes 2,371 -
Other creditors and accruals 3,630 -
13,001 -

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loan 24,500 35,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1,063 Ordinary £1 1,063 1,000

Nutshell Asset Management Limited (Registered number: 12341611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2021 (50,368 ) 99,000 48,632
Deficit for the year (55,655 ) (55,655 )
Share premium - 149,937 149,937
At 31 March 2022 (106,023 ) 248,937 142,914

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Evans BSc FCA (Senior Statutory Auditor)
for and on behalf of PJE Chartered Accountants & Statutory Auditors

11. RELATED PARTY DISCLOSURES

The company paid management fees of £107,000 (2021: £65,000) to an associated company, in which one of the Directors has a controlling interest.