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REGISTERED NUMBER: 08317502 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Nadon 55 Ltd

Nadon 55 Ltd (Registered number: 08317502)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nadon 55 Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Chester
Miss S Nadon
Dr K I Chester





REGISTERED OFFICE: 6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU





REGISTERED NUMBER: 08317502 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Nadon 55 Ltd (Registered number: 08317502)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 72,727 3,694

CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 86,468 28,640
Cash at bank 6,088 104,527
93,556 134,167
CREDITORS
Amounts falling due within one year 8 86,626 63,538
NET CURRENT ASSETS 6,930 70,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,657

74,323

CREDITORS
Amounts falling due after more than one
year

9

(5,501

)

-

PROVISIONS FOR LIABILITIES (2,826 ) (602 )
NET ASSETS 71,330 73,721

Nadon 55 Ltd (Registered number: 08317502)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 71,230 73,621
SHAREHOLDERS' FUNDS 71,330 73,721

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





P Chester - Director


Nadon 55 Ltd (Registered number: 08317502)

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

1. STATUTORY INFORMATION

Nadon 55 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of food and drink, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


Nadon 55 Ltd (Registered number: 08317502)

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

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

Nadon 55 Ltd (Registered number: 08317502)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 16,236 41,190 - 4,849 62,275
Additions - 5,298 74,380 195 79,873
At 31 December 2023 16,236 46,488 74,380 5,044 142,148
DEPRECIATION
At 1 January 2023 15,256 40,181 - 3,144 58,581
Charge for year 278 951 8,678 933 10,840
At 31 December 2023 15,534 41,132 8,678 4,077 69,421
NET BOOK VALUE
At 31 December 2023 702 5,356 65,702 967 72,727
At 31 December 2022 980 1,009 - 1,705 3,694

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 74,380
At 31 December 2023 74,380
DEPRECIATION
Charge for year 8,678
At 31 December 2023 8,678
NET BOOK VALUE
At 31 December 2023 65,702

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,000 1,000

Nadon 55 Ltd (Registered number: 08317502)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 43
Other debtors 86,468 28,597
86,468 28,640

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 12,635
Hire purchase contracts 30,766 -
Trade creditors 20,671 17,151
Taxation and social security 22,701 28,619
Other creditors 12,488 5,133
86,626 63,538

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,501 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 36,267 -

Hire purchase liability is secured against the assets to which they relate.

Nadon 55 Ltd (Registered number: 08317502)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
40 "A" Ordinary £1 40 40
30 "B" Ordinary £1 30 30
30 "C" Ordinary £1 30 30
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Miss S Nadon
Balance outstanding at start of year - -
Amounts advanced 46,275 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,275 -

The loan to the director has been repaid in full within nine months after the year.