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REGISTERED NUMBER: 08552033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NINETYTHREE LIMITED

NINETYTHREE LIMITED (REGISTERED NUMBER: 08552033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NINETYTHREE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mrs K Constantinou





REGISTERED OFFICE: 131 Bramley Road
Oakwood
London
N14 4UT





REGISTERED NUMBER: 08552033 (England and Wales)





ACCOUNTANTS: Hovnan & Co Ltd
Chartered Accountants
106 Ashurst Road
Cockfosters
London
EN4 9LG

NINETYTHREE LIMITED (REGISTERED NUMBER: 08552033)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,669 3,576

CURRENT ASSETS
Stocks 30,280 27,100
Debtors 5 164,606 85,558
Cash at bank 1,569 256
196,455 112,914
CREDITORS
Amounts falling due within one year 6 148,748 82,246
NET CURRENT ASSETS 47,707 30,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,376

34,244

CREDITORS
Amounts falling due after more than one year 7 (50,217 ) (34,744 )

PROVISIONS FOR LIABILITIES (1,212 ) (679 )
NET ASSETS/(LIABILITIES) 28,947 (1,179 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,847 (1,279 )
SHAREHOLDERS' FUNDS 28,947 (1,179 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

NINETYTHREE LIMITED (REGISTERED NUMBER: 08552033)

BALANCE SHEET - continued
30 NOVEMBER 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 30 August 2024 and were signed by:





Mrs K Constantinou - Director


NINETYTHREE LIMITED (REGISTERED NUMBER: 08552033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

NINETYTHREE 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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 etc - 25% on reducing balance and Over life of lease

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

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.

Going concern
The director considers that the company will, with the support of the director, continue to remain in operational existence for the foreseeable future. The accounts have been prepared on a going concern basis due to the reliance on the director's financial support.

NINETYTHREE LIMITED (REGISTERED NUMBER: 08552033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 8,351
Additions 31,956
At 30 November 2023 40,307
DEPRECIATION
At 1 December 2022 4,775
Charge for year 2,863
At 30 November 2023 7,638
NET BOOK VALUE
At 30 November 2023 32,669
At 30 November 2022 3,576

Included in fixed asset additions is an electric motor vehicle accounted for as a finance lease at the present value of minimum lease payments and depreciated over the lease term.

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Other debtors 123,611 64,510

Amounts falling due after more than one year:
Other debtors 40,995 21,048

Aggregate amounts 164,606 85,558

NINETYTHREE LIMITED (REGISTERED NUMBER: 08552033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,861 4,861
Finance leases 6,714 -
Trade creditors 14,080 11,635
Taxation and social security 110,816 62,450
Other creditors 12,277 3,300
148,748 82,246

The finance lease liability reflects the present value of future minimum lease payments over the lease term.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 29,016 34,744
Finance leases 21,201 -
50,217 34,744

Bank loan is unsecured and is for a term of 10 years. Interest at the rate of 2.5% is payable after the first 18 months.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
Mrs K Constantinou
Balance outstanding at start of year 64,730 63,809
Amounts advanced 59,101 921
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,831 64,730

The directors balance is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company rents its retail shop premises from an associate at an annual rental of £18,000 (2022 - £18,000). No amounts are outstanding.

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mrs K Constantinou and Mr C Constantinou.