Registration number:
Natser Ltd
for the Year Ended 31 December 2023
Natser Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Natser Ltd
Company Information
Directors |
Mrs F A Tanna Mr A Tanna |
Registered office |
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Accountants |
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Natser Ltd
(Registration number: 10516292)
Balance Sheet as at 31 December 2023
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31 December |
31 December |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Fair value reserve |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Natser Ltd
(Registration number: 10516292)
Balance Sheet as at 31 December 2023
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Director
Natser Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Pound Sterling, which is the functional currency of the company.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
25% Straight Line |
Natser Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Investment property
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Natser Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2023 |
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Additions |
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Disposals |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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Eliminated on disposal |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Investment properties |
31 December |
31 December |
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At 1 January |
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The investment property was valued on 31 December 2023 by the director of the company who is not a professionally qualified valuer. The valuation was on an open market basis.
The historic cost of the investment property was £363,387. The depreciation on this historical cost is £Nil (2022 - £Nil).
There has been no valuation of investment property by an independent valuer.
Natser Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Debtors |
Current |
31 December |
31 December |
Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Note |
31 December |
31 December |
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Due within one year |
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Trade creditors |
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Directors current account |
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Other creditors |
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Accruals and deferred income |
720 |
1,440 |
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Creditors: amounts falling due after more than one year
Note |
31 December |
31 December |
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Due after one year |
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Loans and borrowings |
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Natser Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Loans and borrowings |
31 December |
31 December |
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Non-current loans and borrowings |
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Bank borrowings |
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Bank borrowings
Bank Borrowings are denominated in pound sterling with an interest rate of 5.590% and the final instalment is due on 31 March 2030. The carrying amount at year end is £260,170 (2022 - £256,325).
The bank borrowings are secured by way of:
a) Fixed charge over the company's freehold investment property ;
b) Floating charge over all the property or undertaking of the company.
Related party transactions |
Other transactions with directors |
Mr A Tanna and Mrs F Tanna
(Directors and shareholders)
Mr A Tanna and Mrs F Tanna have provided the company with an interest free loan that is repayable on demand. They will not demand repayment of the loan until the company has sufficient funds available.
At the balance sheet the amount due to Mr A Tanna and Mrs F Tanna was £153,272 (2022 - £148,922)