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REGISTERED NUMBER: 06433666 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2022

FOR

NEALE WILLIS LIMITED

NEALE WILLIS LIMITED (REGISTERED NUMBER: 06433666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEALE WILLIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 NOVEMBER 2022







DIRECTOR: N A Willis





SECRETARY: A. Dormon





REGISTERED OFFICE: 4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 06433666 (England and Wales)





ACCOUNTANTS: Numera Partners LLP
4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ

NEALE WILLIS LIMITED (REGISTERED NUMBER: 06433666)

BALANCE SHEET
29 NOVEMBER 2022

29.11.22 29.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,747 2,517

CURRENT ASSETS
Debtors 5 50 17,919
Cash at bank and in hand 114 3,926
164 21,845
CREDITORS
Amounts falling due within one year 6 1,887 4,134
NET CURRENT (LIABILITIES)/ASSETS (1,723 ) 17,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

24

20,228

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23 20,227
SHAREHOLDERS' FUNDS 24 20,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 26 October 2023 and were signed by:





N A Willis - Director


NEALE WILLIS LIMITED (REGISTERED NUMBER: 06433666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2022

1. STATUTORY INFORMATION

Neale Willis 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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 rates in order to write off each asset over its estimated useful life:

Computer Equipment- 33% Reducing balance
Plant & Machinery- 25% Reducing balance

NEALE WILLIS LIMITED (REGISTERED NUMBER: 06433666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2022

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of section 11 'basic financial instruments' and section 12 'other financial instruments issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to contractual provisions of the instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments
Basic financial instruments, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairments at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in the profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are recognised only when the contractual rights to the cashflows form the asset expire of are settled, or when the company transfers the financial assets and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt , are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

NEALE WILLIS LIMITED (REGISTERED NUMBER: 06433666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2022

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 November 2021
and 29 November 2022 27,128
DEPRECIATION
At 30 November 2021 24,611
Charge for year 770
At 29 November 2022 25,381
NET BOOK VALUE
At 29 November 2022 1,747
At 29 November 2021 2,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.22 29.11.21
£    £   
Other debtors 50 17,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.22 29.11.21
£    £   
Trade creditors - 1
Taxation and social security 87 2,333
Other creditors 1,800 1,800
1,887 4,134

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 November 2022 and 29 November 2021:

29.11.22 29.11.21
£    £   
N A Willis
Balance outstanding at start of year 17,632 7,765
Amounts advanced - 36,095
Amounts repaid (17,582 ) (26,228 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 17,632