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REGISTERED NUMBER: 02319249 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Nomadic Thoughts Limited

Nomadic Thoughts Limited (Registered number: 02319249)






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


Nomadic Thoughts Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J C P Vernon-Powell





SECRETARY: J C P Vernon-Powell





REGISTERED OFFICE: 81 Brondesbury Road
London
NW6 6BB





REGISTERED NUMBER: 02319249 (England and Wales)





ACCOUNTANTS: The Hughes Consultancy
1 Golden Court
Richmond
Surrey
TW9 1EU

Nomadic Thoughts Limited (Registered number: 02319249)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,484 11,892

CURRENT ASSETS
Debtors 5 31,362 127,324
Investments 6 197,882 263,894
Cash at bank 85,154 166,227
314,398 557,445
CREDITORS
Amounts falling due within one year 7 111,947 392,856
NET CURRENT ASSETS 202,451 164,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,935

176,481

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 181,935 146,481
211,935 176,481

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 13 June 2024 and were signed by:





J C P Vernon-Powell - Director


Nomadic Thoughts Limited (Registered number: 02319249)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nomadic Thoughts 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.

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 - 33% on cost and 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Nomadic Thoughts Limited (Registered number: 02319249)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 100,548
Additions 1,000
At 31 December 2023 101,548
DEPRECIATION
At 1 January 2023 88,656
Charge for year 3,408
At 31 December 2023 92,064
NET BOOK VALUE
At 31 December 2023 9,484
At 31 December 2022 11,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 12,018 11,418
Other debtors 19,344 115,906
31,362 127,324

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 197,882 263,894

Market value of listed investments at 31 December 2023 - £270,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 (1 )
Taxation and social security 24,674 23,637
Other creditors 87,272 369,220
111,947 392,856