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Company Registration No. 01825766 (England and Wales)
Nilefern Limited Unaudited accounts for the year ended 31 December 2023
Nilefern Limited Unaudited accounts Contents
Page
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Nilefern Limited Company Information for the year ended 31 December 2023
Director
Mr T Simpson
Secretary
Mr S Willoughby
Company Number
01825766 (England and Wales)
Registered Office
2ND FLOOR, KNIGHTRIDER CHAMBERS KNIGHTRIDER STREET MAIDSTONE KENT ME15 6LP
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Nilefern Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,187 
37,122 
Current assets
Debtors
2,202,563 
1,995,252 
Investments
8,160 
8,160 
Cash at bank and in hand
583,782 
811,621 
2,794,505 
2,815,033 
Creditors: amounts falling due within one year
(1,745,233)
(1,857,246)
Net current assets
1,049,272 
957,787 
Net assets
1,120,459 
994,909 
Capital and reserves
Called up share capital
200,100 
200,100 
Profit and loss account
920,359 
794,809 
Shareholders' funds
1,120,459 
994,909 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2024 and were signed on its behalf by
Mr T Simpson Director Company Registration No. 01825766
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Nilefern Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Nilefern Limited is a private company, limited by shares, registered in England and Wales, registration number 01825766. The registered office is 2ND FLOOR, KNIGHTRIDER CHAMBERS, KNIGHTRIDER STREET, MAIDSTONE, KENT, ME15 6LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover
Turnover is the amount receivable by the company for services provided.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
1,061 
11,003 
122,975 
135,039 
Additions
- 
- 
48,100 
48,100 
Disposals
(229)
- 
(7,762)
(7,991)
At 31 December 2023
832 
11,003 
163,313 
175,148 
Depreciation
At 1 January 2023
353 
9,172 
88,392 
97,917 
Charge for the year
177 
552 
12,180 
12,909 
On disposals
(151)
- 
(6,714)
(6,865)
At 31 December 2023
379 
9,724 
93,858 
103,961 
Net book value
At 31 December 2023
453 
1,279 
69,455 
71,187 
At 31 December 2022
708 
1,831 
34,583 
37,122 
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Nilefern Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,572,627 
1,550,929 
Amounts due from group undertakings etc.
242,831 
36,831 
Accrued income and prepayments
76,928 
88,496 
Other debtors
310,177 
318,996 
2,202,563 
1,995,252 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
8,160 
8,160 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,658,428 
1,749,394 
Taxes and social security
80,765 
107,509 
Accruals
6,040 
343 
1,745,233 
1,857,246 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
8,461 
4,113 
Later than one year and not later than five years
61,435 
66,290 
69,896 
70,403 
9
Transactions with related parties
During the year the company paid management fees amounting to £25,000 (2022: £92,000) to a connected company, TGFA Consulting Limited. It paid no management fees (2022: £270,000) to the parent company, Miramar HC Limited. At the year end the outstanding balance owed to the parent company, Miramar HC Limited, is £286,731 (2022: £105,731). The loan to the parent company is non-interest bearing with no fixed term of payment. No other transactions with related parties were undertaken, such as are required to be disclosed under the provisions of Section1A of Financial Reporting Standard 102.
10
Controlling party
The company is a subsidiary of Miramar HC Limited, a company incorporated in England and Wales, and under the control of Mr T. Simpson.
11
Average number of employees
During the year the average number of employees was 24 (2022: 21).
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