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REGISTERED NUMBER: 12146214 (England and Wales)















Noon Dalton (UK) Ltd

Financial Statements

for the Year Ended 31 December 2023






Noon Dalton (UK) Ltd (Registered number: 12146214)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Noon Dalton (UK) Ltd

Company Information
for the year ended 31 December 2023







Director: E Dalton





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 12146214 (England and Wales)






Noon Dalton (UK) Ltd (Registered number: 12146214)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 669 -

Current assets
Debtors 5 302,209 242,929
Cash at bank 5,473 43,611
307,682 286,540
Creditors
Amounts falling due within one year 6 172,386 53,894
Net current assets 135,296 232,646
Total assets less current liabilities 135,965 232,646

Capital and reserves
Called up share capital 7 166 100
Retained earnings 8 135,799 232,546
Shareholders' funds 135,965 232,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 September 2024 and were signed by:





E Dalton - Director


Noon Dalton (UK) Ltd (Registered number: 12146214)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Noon Dalton (UK) Ltd 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.

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.
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Provisions
Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probably that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.

Noon Dalton (UK) Ltd (Registered number: 12146214)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Equity
Equity instruments are classified in accordance with the substance of contractual agreement. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Equity instruments issued by the Company are recorded at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Financial Instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 1 ) .

Noon Dalton (UK) Ltd (Registered number: 12146214)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2023 1,708
Additions 999
At 31 December 2023 2,707
Depreciation
At 1 January 2023 1,708
Charge for year 330
At 31 December 2023 2,038
Net book value
At 31 December 2023 669
At 31 December 2022 -

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 27,064 3,284
Amounts owed by group undertakings 204,392 234,205
Other debtors 8,600 3,200
Tax 21,428 -
Prepayments and accrued income 40,725 2,240
302,209 242,929

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 16,133 3,406
Tax - 21,428
Social security and other taxes 8,315 4,502
Net wages 90,724 9,091
VAT 8,311 1,564
Directors' current accounts 13,903 13,903
Accruals and deferred income 35,000 -
172,386 53,894

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 166 100

Noon Dalton (UK) Ltd (Registered number: 12146214)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Reserves
Retained
earnings
£

At 1 January 2023 232,546
Deficit for the year (96,747 )
At 31 December 2023 135,799