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REGISTERED NUMBER: 04690235 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

NASCOT LIMITED

NASCOT LIMITED (REGISTERED NUMBER: 04690235)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NASCOT LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: D J Nason



SECRETARY: Mrs T Nason



REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY



REGISTERED NUMBER: 04690235 (England and Wales)



ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY



BANKERS: Lloyds TSB
The Parade
Leamington Spa

NASCOT LIMITED (REGISTERED NUMBER: 04690235)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,232 6,976
Investment property 5 725,000 725,000
730,232 731,976

CURRENT ASSETS
Stocks 23,507 2,502
Debtors 6 10,740 10,419
Cash at bank 456,617 447,978
490,864 460,899
CREDITORS
Amounts falling due within one year 7 205,130 213,853
NET CURRENT ASSETS 285,734 247,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,966

979,022

PROVISIONS FOR LIABILITIES 8 36,124 36,455
NET ASSETS 979,842 942,567

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 149,766 149,766
Retained earnings 830,075 792,800
SHAREHOLDERS' FUNDS 979,842 942,567

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

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

The director acknowledges his 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.

NASCOT LIMITED (REGISTERED NUMBER: 04690235)

BALANCE SHEET - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2024 and were signed by:





D J Nason - Director


NASCOT LIMITED (REGISTERED NUMBER: 04690235)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Nascot Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

NASCOT LIMITED (REGISTERED NUMBER: 04690235)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes pension payments on behalf of the directors. The assets of the scheme are held separately from those of the company, in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 3,066 20,506 2,020 25,592
DEPRECIATION
At 1 August 2022 2,832 14,018 1,766 18,616
Charge for year 59 1,622 63 1,744
At 31 July 2023 2,891 15,640 1,829 20,360
NET BOOK VALUE
At 31 July 2023 175 4,866 191 5,232
At 31 July 2022 234 6,488 254 6,976

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 725,000
NET BOOK VALUE
At 31 July 2023 725,000
At 31 July 2022 725,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2021 630,000
Valuation in 2022 95,000
725,000

NASCOT LIMITED (REGISTERED NUMBER: 04690235)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


5. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 540,104 540,104

Investment property was valued on an open market basis on 12 December 2023 by the directors knowledge of the market .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,091 9,072
Other debtors 649 1,347
10,740 10,419

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,701 4,979
Taxation and social security 9,644 26,670
Other creditors 189,785 182,204
205,130 213,853

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 994 1,325
Fair value timing differences 35,130 35,130
36,124 36,455

Deferred
tax
£   
Balance at 1 August 2022 36,455
Movement to profit and loss (331 )
Balance at 31 July 2023 36,124

NASCOT LIMITED (REGISTERED NUMBER: 04690235)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


9. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 149,766

10. RELATED PARTY DISCLOSURES

At 31 July 2023 other creditors include loans made to the company by D Nason (director) amounting to £168,482 (2022 £170,836). The loans are interest free with no fixed date for repayment.

11. CONTROLLING PARTY

The controlling party is D J Nason.