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REGISTERED NUMBER: 05999918 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

NATIONWIDE DIRECT FINANCIAL LIMITED

NATIONWIDE DIRECT FINANCIAL LIMITED (REGISTERED NUMBER: 05999918)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NATIONWIDE DIRECT FINANCIAL LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2023







DIRECTORS: Mr C G Elliott
Mrs S J Elliott





SECRETARY: Mrs S J Elliott





REGISTERED OFFICE: 1st Floor
Bridgewater House
58-60 Whitworth Street
Manchester
M1 6LT





REGISTERED NUMBER: 05999918 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

NATIONWIDE DIRECT FINANCIAL LIMITED (REGISTERED NUMBER: 05999918)

BALANCE SHEET
30th November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 37,822 37,822
Cash at bank 29 29
37,851 37,851
CREDITORS
Amounts falling due within one year 5 (34,692 ) (34,692 )
NET CURRENT ASSETS 3,159 3,159
TOTAL ASSETS LESS CURRENT LIABILITIES 3,159 3,159

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 3,157 3,157
SHAREHOLDERS' FUNDS 3,159 3,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2024 and were signed on its behalf by:





Mrs S J Elliott - Director


NATIONWIDE DIRECT FINANCIAL LIMITED (REGISTERED NUMBER: 05999918)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023


1. STATUTORY INFORMATION

Nationwide Direct Financial Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05999918. The address of the registered office and principal place of business is Bridgewater House, Whitworth Street, Manchester M1 6LT.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 37,820 37,820
Other debtors 2 2
37,822 37,822

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 34,692 34,692

NATIONWIDE DIRECT FINANCIAL LIMITED (REGISTERED NUMBER: 05999918)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1.00 2 2

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr C G Elliott and Mrs S J Elliott, directors of the ultimate parent company
by virtue of their controlling interest in the ultimate parent, Bridgewater Finance Group Limited.