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REGISTERED NUMBER: 14091611 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Nett Holdings Limited

Nett Holdings Limited (Registered number: 14091611)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Nett Holdings Limited (Registered number: 14091611)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 107 107

Current assets
Debtors 5 1,064,827 18
Cash at bank 25,149 30,000
1,089,976 30,018
Net current assets 1,089,976 30,018
Total assets less current liabilities 1,090,083 30,125

Capital and reserves
Called up share capital 6 125 125
Retained earnings 1,089,958 30,000
Shareholders' funds 1,090,083 30,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Nett Holdings Limited (Registered number: 14091611)

Balance Sheet - continued
31 January 2024


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 11 April 2024 and were signed on its behalf by:





T R Toon - Director


Nett Holdings Limited (Registered number: 14091611)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Nett 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: 14091611

Registered office: Southpoint
Old Brighton Road
Lowfield Heath
Crawley
West Sussex
RH11 0PR

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

The accounts are not directly comparable as the comparative figures cover the period from incorporation and therefore cover a period of only 9 months.

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.

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 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.


Nett Holdings Limited (Registered number: 14091611)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 February 2023
and 31 January 2024 107
Net book value
At 31 January 2024 107
At 31 January 2023 107

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 1,049,407 -
Other debtors 15,420 18
1,064,827 18

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Class A £1 100 100
25 Class B £1 25 25
125 125

Nett Holdings Limited (Registered number: 14091611)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. Directors' advances, credits and guarantees

During the year the company made advances and credits of £205,402 (2023: £70,000) to the directors with repayments received of £190,000 (2023: £70,000). The balance owed to the company at the year end of £15,402 (2023: £nil) is disclosed within debtors. These advances are interest free and are repayable on demand.