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REGISTERED NUMBER: 11686163 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

NOGO LIMITED

NOGO LIMITED (REGISTERED NUMBER: 11686163)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOGO LIMITED

COMPANY INFORMATION
for the Year Ended 30TH NOVEMBER 2023







DIRECTORS: M D E Bayntun
C P Peskett





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 11686163 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

NOGO LIMITED (REGISTERED NUMBER: 11686163)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,886,573 4,365,000

CURRENT ASSETS
Debtors 5 256,642 14,927
Cash at bank 2,674 91,237
259,316 106,164
CREDITORS
Amounts falling due within one year 6 517,090 489,389
NET CURRENT LIABILITIES (257,774 ) (383,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,628,799

3,981,775

CREDITORS
Amounts falling due after more than one
year

7

(2,738,616

)

(2,977,098

)

PROVISIONS FOR LIABILITIES - (25,546 )
NET ASSETS 890,183 979,131

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 536,033 722,493
Retained earnings 354,050 256,538
890,183 979,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 23rd August 2024 and were signed on its behalf by:





M D E Bayntun - Director


NOGO LIMITED (REGISTERED NUMBER: 11686163)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Nogo 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 4,365,000
Additions 220,940
Disposals (880,336 )
Revaluations 180,969
At 30th November 2023 3,886,573
NET BOOK VALUE
At 30th November 2023 3,886,573
At 30th November 2022 4,365,000

NOGO LIMITED (REGISTERED NUMBER: 11686163)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2020 311,831
Valuation in 2021 213,890
Valuation in 2022 256,046
Valuation in 2023 (245,734 )
Cost 3,350,540
3,886,573

If the investment properties had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 3,350,540 3,583,233
Aggregate depreciation (221,632 ) (166,133 )

The investment properties were valued on an open market basis basis on 30th November 2023 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 833 7,618
Amounts owed by associates 2,248 -
Other debtors 253,561 7,309
256,642 14,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 47,713 47,713
Trade creditors 4,770 8,143
Taxation and social security 38,186 3,130
Other creditors 426,421 430,403
517,090 489,389

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 1,406,430 1,540,308
Amounts owed to associates 818,170 880,747
Other creditors 514,016 556,043
2,738,616 2,977,098

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,215,579 1,349,457
Other loans more 5yrs instal 7,991 10,866
1,223,570 1,360,323

NOGO LIMITED (REGISTERED NUMBER: 11686163)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH NOVEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,454,143 1,588,021

9. RESERVES
Fair
value
reserve
£   
At 1st December 2022 722,493
Transfers between reserves (186,460 )

At 30th November 2023 536,033