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NATURAL LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2023






NATURAL LIMITED (REGISTERED NUMBER: 04240011)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATURAL LIMITED

Company Information
for the year ended 31st March 2023







DIRECTOR: Mrs M E Evans





SECRETARY: Mrs M E Evans





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Wirral
CH41 5LH





REGISTERED NUMBER: 04240011 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

NATURAL LIMITED (REGISTERED NUMBER: 04240011)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 350,000 350,000

CURRENT ASSETS
Cash at bank 468,426 45,106

CREDITORS
Amounts falling due within one year 5 632,235 208,954
NET CURRENT LIABILITIES (163,809 ) (163,848 )
TOTAL ASSETS LESS CURRENT LIABILITIES 186,191 186,152

PROVISIONS FOR LIABILITIES 15,907 15,907
NET ASSETS 170,284 170,245

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 6 156,537 156,537
Retained earnings 13,745 13,706
SHAREHOLDERS' FUNDS 170,284 170,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

NATURAL LIMITED (REGISTERED NUMBER: 04240011)

Balance Sheet - continued
31st March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2023 and were signed by:





Mrs M E Evans - Director


NATURAL LIMITED (REGISTERED NUMBER: 04240011)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Natural 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 (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a high risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are:

Investment properties are reviewed annually and are revalued in line with managements' opinion of the value of those properties at each balance sheet date. The revaluation is based on historical experience as well as considering future events which may impact the value of investment property, such as changes in market demands.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


NATURAL LIMITED (REGISTERED NUMBER: 04240011)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 350,000
NET BOOK VALUE
At 31st March 2023 350,000
At 31st March 2022 350,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2023 350,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 177,556 177,556

Investment property was valued on an open market basis on 31st March 2023 by the directors .

NATURAL LIMITED (REGISTERED NUMBER: 04240011)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 90 -
Amounts owed to group undertakings 604,287 181,066
Taxation and social security 2,791 2,821
Other creditors 25,067 25,067
632,235 208,954

6. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 156,537

7. RELATED PARTY DISCLOSURES

Included in other creditors is the sum of £9,960 (2022 - £9,960) due to Natural Too Limited. Mrs M E Evans owns 100% of the issued share capital of Natural Too Limited.

Included in creditors is the sum of £604,287 (2022 - £181,066) due to Gwalia Recovery Limited which owns 100% of the shares in Natural Limited.

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Gwalia Recovery Limited (company no 04651755 registered in England and Wales).