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  N&L ASSOCIATES LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 28 FEBRUARY 2023
   
   
   
   
   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  N&L ASSOCIATES LIMITED
  Company registered number: 13286886
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 28 February 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Investments held as fixed assets 3 950,000 950,000
  CURRENT ASSETS    
  Cash at bank and in hand   200 200
      200 200
  CREDITORS: Amounts falling due within one year 4 2,400 226,200
  NET CURRENT LIABILITIES   (2,200) (226,000)
  NET ASSETS   £947,800 £724,000
       
  CAPITAL AND RESERVES
  Called up share capital   200 200
  Retained earnings   947,600 723,800
  SHAREHOLDERS' FUNDS   £947,800 £724,000
       
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records, and for the preparation of accounts.
       
  These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies
       
  All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2023 in accordance with Section 444 (2A) of the Companies Act 2006
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
  The financial statements were approved and authorised for issue by the board of directors on 27 November 2023
 
  Signed on behalf of the board of directors
 
 
       
       
  LH Goodman, Director
       
       
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  N&L ASSOCIATES LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 28 FEBRUARY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
1a. Statement of compliance
         
  N&L Associates Limited is a private company limited by shares incorporated in England.
         
  Registered office:
  74 St Georges Road, Bolton, Lancashire, BL1 2DD
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
       
1c. Fixed asset investments
       
  Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
       
         
1d. Consolidation
         
  The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company is therefore not required to and has chosen not to prepare group accounts.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
    0 0
   
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  N&L ASSOCIATES LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 FEBRUARY 2023
       
       
3. INVESTMENTS HELD AS FIXED ASSETS
       
    Shares in  
    group  
    undertakings Total
    £ £
  Cost or valuation
       
  At 1 March 2022 950,000 950,000
  At 28 February 2023 950,000 950,000
   
  Amounts written off
       
  At 28 February 2023 - -
   
  Net Book Amounts
       
  At 28 February 2023 £950,000 £950,000
  At 28 February 2022 £950,000 £950,000
   
       
       
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Amounts owed to undertakings in which the company has a participating interest 1,200 225,000
  Other creditors 1,200 1,200
    £2,400 £226,200
   
       
       
5. DIVIDENDS 2023 2022
    £ £
  Ordinary dividends:-
  Final paid 18,000 -
    £18,000 £-
   
       
       
6. GROUP COMPANIES
       
  N&L Associates Limited is the immediate and ultimate parent undertaking of Corporate Power Limited. Mr Neil Topping and Mr Laurence Howard Goodman are the company's ultimate controlling party.
       
       
       
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