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COMPANY REGISTRATION NUMBER: 11611618
Nu Group Holdings Limited
Filleted Unaudited Financial Statements
31 October 2022
Nu Group Holdings Limited
Financial Statements
Year ended 31 October 2022
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Nu Group Holdings Limited
Officers and Professional Advisers
Director
D Lewitte
Registered office
131 Hale Drive
London
NW7 3EJ
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Nu Group Holdings Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Nu Group Holdings Limited
Year ended 31 October 2022
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 October 2022, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Nu Group Holdings Limited
Statement of Financial Position
31 October 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
5
131,425
137,326
Current assets
Stocks
1,250
1,250
Debtors
6
2,920
5,923
Cash at bank and in hand
500
18,341
-------
--------
4,670
25,514
Creditors: amounts falling due within one year
7
53,275
20,935
--------
--------
Net current (liabilities)/assets
( 48,605)
4,579
---------
---------
Total assets less current liabilities
82,820
141,905
Creditors: amounts falling due after more than one year
8
351,610
283,700
---------
---------
Net liabilities
( 268,790)
( 141,795)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 268,890)
( 141,895)
---------
---------
Shareholders funds
( 268,790)
( 141,795)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nu Group Holdings Limited
Statement of Financial Position (continued)
31 October 2022
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
D Lewitte
Director
Company registration number: 11611618
Nu Group Holdings Limited
Notes to the Financial Statements
Year ended 31 October 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 131 Hale Drive, London, NW7 3EJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
4% straight line
Kitchen/catering equipment
-
4% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2021: 11 ).
5. Tangible assets
Fixtures and fittings
Kitchen and catering equipment
Total
£
£
£
Cost
At 1 November 2021 and 31 October 2022
40,153
107,374
147,527
--------
---------
---------
Depreciation
At 1 November 2021
2,797
7,404
10,201
Charge for the year
1,606
4,295
5,901
--------
---------
---------
At 31 October 2022
4,403
11,699
16,102
--------
---------
---------
Carrying amount
At 31 October 2022
35,750
95,675
131,425
--------
---------
---------
At 31 October 2021
37,356
99,970
137,326
--------
---------
---------
6. Debtors
2022
2021
£
£
Trade debtors
320
3,323
Other debtors
2,600
2,600
-------
-------
2,920
5,923
-------
-------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
42,122
Trade creditors
1,982
1,407
Social security and other taxes
5,785
8,121
Other creditors
3,386
11,407
--------
--------
53,275
20,935
--------
--------
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
39,523
Other creditors
312,087
283,700
---------
---------
351,610
283,700
---------
---------