IRIS Accounts Production v23.3.1.45 10456325 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104563252022-12-31104563252023-12-31104563252023-01-012023-12-31104563252021-12-31104563252022-01-012022-12-31104563252022-12-3110456325ns10:Originalns15:EnglandWales2023-01-012023-12-3110456325ns14:PoundSterlingns10:Original2023-01-012023-12-3110456325ns10:Originalns10:Director12023-01-012023-12-3110456325ns10:Original2023-01-012023-12-3110456325ns10:Original2023-12-3110456325ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110456325ns10:Originalns10:SmallEntities2023-01-012023-12-3110456325ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110456325ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110456325ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3110456325ns10:Originalns10:FullAccounts2023-01-012023-12-3110456325ns10:Originalns10:OrdinaryShareClass12023-01-012023-12-3110456325ns10:Originalns10:OrdinaryShareClass22023-01-012023-12-3110456325ns10:Original2022-12-3110456325ns10:Originalns5:CurrentFinancialInstruments2023-12-3110456325ns10:Originalns5:CurrentFinancialInstruments2022-12-3110456325ns5:ShareCapitalns10:Original2023-12-3110456325ns5:ShareCapitalns10:Original2022-12-3110456325ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3110456325ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3110456325ns10:Originalns10:RegisteredOffice2023-01-012023-12-3110456325ns10:Original2022-01-012022-12-3110456325ns10:Originalns5:LeaseholdImprovements2022-12-3110456325ns10:Originalns5:FurnitureFittings2022-12-3110456325ns10:Original2022-12-3110456325ns10:Originalns5:LeaseholdImprovements2023-01-012023-12-3110456325ns10:Originalns5:FurnitureFittings2023-01-012023-12-3110456325ns10:Originalns5:LeaseholdImprovements2023-12-3110456325ns10:Originalns5:FurnitureFittings2023-12-3110456325ns10:Originalns5:LeaseholdImprovements2022-12-3110456325ns10:Originalns5:FurnitureFittings2022-12-3110456325ns10:Originalns5:AdditionsToInvestments2023-12-3110456325ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3110456325ns10:Originalns5:CostValuation2023-12-3110456325ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110456325ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110456325ns10:Originalns10:OrdinaryShareClass12023-12-3110456325ns10:Originalns10:OrdinaryShareClass22023-12-31
REGISTERED NUMBER: 10456325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Nascent Holdings Limited

Nascent Holdings Limited (Registered number: 10456325)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Nascent Holdings Limited (Registered number: 10456325)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 22,303 25,273
Investments 5 1,016,998 -
1,039,301 25,273

Current assets
Debtors 6 1,026,212 13,953
Cash at bank 208,566 71,669
1,234,778 85,622
Creditors: amounts falling due within
one year

7

536,846

18,742
Net current assets 697,932 66,880
Total assets less current liabilities 1,737,233 92,153

Provisions for liabilities 2,187 1,771
Net assets 1,735,046 90,382

Capital and reserves
Called up share capital 8 100 100
Retained earnings 1,734,946 90,282
Shareholders' funds 1,735,046 90,382

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

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

The directors acknowledge their 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.

Nascent Holdings Limited (Registered number: 10456325)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





G E Steer - Director


Nascent Holdings Limited (Registered number: 10456325)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Nascent Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10456325

Registered office: Beeches, 60 Cottenham Park Road
Wimbledon
London
SW20 0TB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Leasehold improvements - 15% reducing balance

Nascent Holdings Limited (Registered number: 10456325)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date.

Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 2 ) .

Nascent Holdings Limited (Registered number: 10456325)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost
At 1 January 2023 28,717 29,849 58,566
Additions - 2,013 2,013
At 31 December 2023 28,717 31,862 60,579
Depreciation
At 1 January 2023 12,212 21,081 33,293
Charge for year 2,476 2,507 4,983
At 31 December 2023 14,688 23,588 38,276
Net book value
At 31 December 2023 14,029 8,274 22,303
At 31 December 2022 16,505 8,768 25,273

5. Fixed asset investments
Other
investments
£   
Cost or valuation
Additions 1,000,000
Revaluations 16,998
At 31 December 2023 1,016,998
Net book value
At 31 December 2023 1,016,998

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 1,016,998

Nascent Holdings Limited (Registered number: 10456325)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 1,026,212 13,953

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 1,145
Taxation and social security 529,289 9,722
Other creditors 7,557 7,875
536,846 18,742

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

9. Directors' advances, credits and guarantees

During the year, the company advanced a director £14,019 (2022: £3,330) and he repaid £3,374 (2022: £6,857). At the year end, the director owed the company £13,762 (2022: £3,117). The advances were interest-free, unsecured and repayable on demand.