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REGISTERED NUMBER: 04545851 (England and Wales)















NATAN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






NATAN LIMITED (Registered number: 04545851)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATAN LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTOR: Ms M Mogharebi





REGISTERED OFFICE: 14 Holders Hill Gardens
Hendon
London
NW4 1NP





REGISTERED NUMBER: 04545851 (England and Wales)





ACCOUNTANT: DICKER ECONOMOU & CO
Chartered Certified Accountants
Enterprise House
2 The Crest
Hendon
London
NW4 2HN

NATAN LIMITED (Registered number: 04545851)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195 342
Investment property 5 1,078,927 1,203,927
1,079,122 1,204,269

CURRENT ASSETS
Stocks 6 1,172,562 1,172,562
Debtors 7 1,346 1,346
Cash at bank 26,648 63,840
1,200,556 1,237,748
CREDITORS
Amounts falling due within one year 8 272,605 503,639
NET CURRENT ASSETS 927,951 734,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,007,073

1,938,378

CREDITORS
Amounts falling due after more than one
year

9

1,022,963

1,066,726
NET ASSETS 984,110 871,652

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 984,108 871,650
SHAREHOLDERS' FUNDS 984,110 871,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

NATAN LIMITED (Registered number: 04545851)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





Ms M Mogharebi - Director


NATAN LIMITED (Registered number: 04545851)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

NATAN 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NATAN LIMITED (Registered number: 04545851)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 1,797
DEPRECIATION
At 1 April 2022 1,455
Charge for year 147
At 31 March 2023 1,602
NET BOOK VALUE
At 31 March 2023 195
At 31 March 2022 342

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,203,927
Disposals (125,000 )
At 31 March 2023 1,078,927
NET BOOK VALUE
At 31 March 2023 1,078,927
At 31 March 2022 1,203,927

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 1,172,562 1,172,562

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,346 1,346

NATAN LIMITED (Registered number: 04545851)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 10) - 60,097
Trade creditors - (1 )
Tax 26,212 36,607
Social security and other taxes 10,574 10,663
Other creditors 52,961 161,837
Loan from family 74,532 74,532
Directors' current accounts 98,446 150,427
Accruals and deferred income 9,880 9,477
272,605 503,639

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 1,022,963 1,066,726

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 60,097

Amounts falling due between one and two years:
Bank loans - 1-2 years - 15,506

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,022,963 1,051,220

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M Mogharebi.