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REGISTERED NUMBER: 08021351 (England and Wales)















Nextville IP Ltd

Unaudited Financial Statements for the Year Ended 31st March 2024






Nextville IP Ltd (Registered number: 08021351)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nextville IP Ltd

Company Information
for the year ended 31st March 2024







DIRECTOR: Ms S Hanage



REGISTERED OFFICE: 8, Blandfield Road
London
SW12 8BG



REGISTERED NUMBER: 08021351 (England and Wales)



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: National Westminster

Nextville IP Ltd (Registered number: 08021351)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,333 8,333
Tangible assets 5 412 893
8,745 9,226

CURRENT ASSETS
Debtors 6 60,162 20,912
Cash at bank 18,081 6,691
78,243 27,603
CREDITORS
Amounts falling due within one
year

7

78,091

30,100
NET CURRENT ASSETS/(LIABILITIES) 152 (2,497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,897

6,729

PROVISIONS FOR LIABILITIES 8 170 170
NET ASSETS 8,727 6,559

Nextville IP Ltd (Registered number: 08021351)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 8,627 6,459
SHAREHOLDERS' FUNDS 8,727 6,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 4th April 2024 and were signed by:





Ms S Hanage - Director


Nextville IP Ltd (Registered number: 08021351)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Nextville IP Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.


Nextville IP Ltd (Registered number: 08021351)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 50,000
AMORTISATION
At 1st April 2023
and 31st March 2024 41,667
NET BOOK VALUE
At 31st March 2024 8,333
At 31st March 2023 8,333

Nextville IP Ltd (Registered number: 08021351)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023
and 31st March 2024 2,474
DEPRECIATION
At 1st April 2023 1,581
Charge for year 481
At 31st March 2024 2,062
NET BOOK VALUE
At 31st March 2024 412
At 31st March 2023 893

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 12,712 15,428
Provision for doubtful debts (240 ) (240 )
Directors' current accounts 47,690 5,724
60,162 20,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 11,991 13,684
Tax 54,222 7,298
VAT 6,602 5,842
Accruals and deferred income 5,276 3,276
78,091 30,100

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 170 170

Nextville IP Ltd (Registered number: 08021351)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 170
re : accelerated
capital allowances claim
Balance at 31st March 2024 170

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT
SCREEN OF

-
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 170

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


9. CALLED UP SHARE CAPITAL

**ERROR - CONFLICTS FOUND BETWEEN POSTINGS AND SHARE REGISTER - PLEASE REVIEW EXCEPTION REPORT (EXR).


Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 "A" Ordinary £1 100 100
10 "B" £1 - -
100 100

The following shares were issued during the year for cash at par :

90 "A" Ordinary shares of £1
10 "B" shares of £1

Nextville IP Ltd (Registered number: 08021351)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. RESERVES
Retained
earnings
£   

At 1st April 2023 6,459
Profit for the year 2,168
At 31st March 2024 8,627