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Registered number: 11483584

United Nomads Limited

ACCOUNTS
FOR THE 518 DAY PERIOD ENDED 31/12/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

United Nomads Limited

ACCOUNTS
FOR THE 518 DAY PERIOD ENDED 31/12/2023
DIRECTORS
Artem Del Castillo
REGISTERED OFFICE
3rd Floor
229 The Broadway
London
SW19 1SD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11483584
BANKERS
Revolut
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

United Nomads Limited

ACCOUNTS
FOR THE518 DAY PERIODENDED31/12/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

United Nomads Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Intangible assets356,79949,222
Tangible assets442,35858,422
99,157107,644
CURRENT ASSETS
Stock456,30558,907
Debtors6217,096414,701
Cash at bank and in hand455,65945,254
1,129,060518,862
CREDITORS: Amounts falling due within one year7224,34860,535
NET CURRENT ASSETS904,712458,327
TOTAL ASSETS LESS CURRENT LIABILITIES1,003,869565,971
CREDITORS: Amounts falling due after more than one year82,480,000255,000
NET (LIABILITIES) / ASSETS(1,476,131)310,971
CAPITAL AND RESERVES
Called up share capital913,33313,333
Share premium account101,486,6741,496,679
Profit and loss account(2,976,138)(1,199,041)
SHAREHOLDERS' FUNDS(1,476,131)310,971
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/08/2024 and signed on their behalf by
Artem Del Castillo
Director

United Nomads Limited

NOTES TO THE ACCOUNTS
FOR THE 518 DAY PERIOD ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The director has considered the basis of preparations of the financial statements and have concluded that it is appropriate to prepare these on an on-going basis. Despite the Company making a loss in the financial year of £1.8m (2022: £0.7m), the shareholders have pledged sufficient funds and support through debt financing following an acquisition of intellectual property that has driven a reorganisation of trade operations. The Director therefore believes that the entity will be able to meet its liabilities as they fall due for a period of no less than 12 months from the approval of these financial statements.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
1d. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1e. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

United Nomads Limited

1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1g. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. EMPLOYEES
20232022
No.No.
Average number of employees63
3. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/08/202249,22249,222
Additions16,19916,199
At 31/12/202365,42165,421
Depreciation
For the 518 day period8,6228,622
At 31/12/20238,6228,622
Net Book Amounts
At 31/12/202356,79956,799
At 31/07/202249,22249,222

United Nomads Limited

4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/08/202257,45511,98469,439
Additions6,4165,01311,429
At 31/12/202363,87116,99780,868
Depreciation
At 01/08/20229,3531,66411,017
For the 518 day period22,0075,48627,493
At 31/12/202331,3607,15038,510
Net Book Amounts
At 31/12/202332,5119,84742,358
At 31/07/202248,10210,32058,422
5. STOCK 20232022
££
Stock comprises:
Stock456,30558,907
456,30558,907
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors87,012335,879
VAT109,950-
Other debtors11,1606,102
Prepayments-62,470
Directors current account8,97410,250
217,096414,701

United Nomads Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT-11,065
PAYE control46,25715,194
Salaries and wages control2,102-
Bank loans and overdrafts-98
Trade creditors46,38728,503
Other creditors40,000-
Pension schemes534425
Accruals89,0685,250
224,34860,535
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr2,480,000255,000
2,480,000255,000
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1333336 Ordinary shares of £0.01 each1333313333
13,33313,333
10. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account1,486,6741,496,679