IRIS Accounts Production v23.3.1.45 10411419 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104114192022-10-31104114192023-10-31104114192022-11-012023-10-31104114192021-10-31104114192021-11-012022-10-31104114192022-10-3110411419ns10:Originalns15:EnglandWales2022-11-012023-10-3110411419ns14:PoundSterlingns10:Original2022-11-012023-10-3110411419ns10:Originalns10:Director12022-11-012023-10-3110411419ns10:Original2022-11-012023-10-3110411419ns10:Original2023-10-3110411419ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3110411419ns10:Originalns10:SmallEntities2022-11-012023-10-3110411419ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3110411419ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3110411419ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3110411419ns10:Originalns10:FullAccounts2022-11-012023-10-3110411419ns10:Originalns10:Director22022-11-012023-10-3110411419ns10:Originalns10:RegisteredOffice2022-11-012023-10-3110411419ns10:Original2022-10-3110411419ns10:Originalns5:CurrentFinancialInstruments2023-10-3110411419ns10:Originalns5:CurrentFinancialInstruments2022-10-3110411419ns10:Originalns5:Non-currentFinancialInstruments2023-10-3110411419ns10:Originalns5:Non-currentFinancialInstruments2022-10-3110411419ns5:ShareCapitalns10:Original2023-10-3110411419ns5:ShareCapitalns10:Original2022-10-3110411419ns10:Originalns5:SharePremium2023-10-3110411419ns10:Originalns5:SharePremium2022-10-3110411419ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-10-3110411419ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-10-3110411419ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3110411419ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3110411419ns10:Originalns5:PlantMachinery2022-11-012023-10-3110411419ns10:Original2021-11-012022-10-3110411419ns10:Originalns5:PlantMachinery2022-10-3110411419ns10:Originalns5:ComputerEquipment2022-10-3110411419ns10:Original2022-10-3110411419ns10:Originalns5:ComputerEquipment2022-11-012023-10-3110411419ns10:Originalns5:PlantMachinery2023-10-3110411419ns10:Originalns5:ComputerEquipment2023-10-3110411419ns10:Originalns5:PlantMachinery2022-10-3110411419ns10:Originalns5:ComputerEquipment2022-10-3110411419ns10:Originalns5:AdditionsToInvestments2023-10-3110411419ns10:Originalns5:CostValuation2023-10-3110411419ns10:Originalns5:Non-currentFinancialInstruments2022-11-012023-10-31
REGISTERED NUMBER: 10411419 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Nuggets Ltd

Nuggets Ltd (Registered number: 10411419)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nuggets Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Ms S Johnson
A I Johnson





REGISTERED OFFICE: Third Floor 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 10411419 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Nuggets Ltd (Registered number: 10411419)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,417 6,840
Investments 5 10 -
10,427 6,840

CURRENT ASSETS
Debtors 6 37,549 32,333
Cash at bank 719,452 56,804
757,001 89,137
CREDITORS
Amounts falling due within one year 7 81,849 94,208
NET CURRENT ASSETS/(LIABILITIES) 675,152 (5,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,579

1,769

CREDITORS
Amounts falling due after more than
one year

8

1,072,194

1,072,384
NET LIABILITIES (386,615 ) (1,070,615 )

Nuggets Ltd (Registered number: 10411419)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 175 168
Share premium 5,212,052 3,841,632
Capital contribution reserve 1,015,458 370,000
Retained earnings (6,614,300 ) (5,282,415 )
(386,615 ) (1,070,615 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





A I Johnson - Director


Nuggets Ltd (Registered number: 10411419)

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

1. STATUTORY INFORMATION

Nuggets 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Nuggets Ltd (Registered number: 10411419)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

During the financial period, Nuggets Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a credit in the Statement of Profit or Loss in line with disclosure requirements under FRS 102 1A.

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.

Capital contribution reserve
The capital contribution reserve component of equity relates to advanced subscription agreements, for which £1,015,458 has been received in exchange for shares that have not yet been issued.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 1,944 18,179 20,123
Additions - 6,868 6,868
At 31 October 2023 1,944 25,047 26,991
DEPRECIATION
At 1 November 2022 578 12,705 13,283
Charge for year 389 2,902 3,291
At 31 October 2023 967 15,607 16,574
NET BOOK VALUE
At 31 October 2023 977 9,440 10,417
At 31 October 2022 1,366 5,474 6,840

Nuggets Ltd (Registered number: 10411419)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 10
At 31 October 2023 10
NET BOOK VALUE
At 31 October 2023 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
VAT 37,549 32,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,356 -
Trade creditors 51,864 68,437
Social security and other taxes 8,925 754
Other creditors 714 197
Directors' loan accounts 15,490 10,341
Accruals and deferred income 2,500 14,479
81,849 94,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed to group undertakings 1,072,194 1,072,384

Creditors falling due after one year relates entirely to an amount of £1,072,194 due to Nuggets Tokens Ltd, a subsidiary.