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REGISTERED NUMBER: 09827261 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Nadon Newcastle Ltd

Nadon Newcastle Ltd (Registered number: 09827261)






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 Newcastle 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: 09827261 (England and Wales)





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

Nadon Newcastle Ltd (Registered number: 09827261)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,222 4,238

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 61,067 30,477
Cash at bank 43,957 67,411
106,024 98,888
CREDITORS
Amounts falling due within one year 7 82,423 69,023
NET CURRENT ASSETS 23,601 29,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,823

34,103

PROVISIONS FOR LIABILITIES 1,306 832
NET ASSETS 27,517 33,271

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,417 33,171
SHAREHOLDERS' FUNDS 27,517 33,271

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.

Nadon Newcastle Ltd (Registered number: 09827261)

Balance Sheet - continued
31 December 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 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 Newcastle Ltd (Registered number: 09827261)

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

1. STATUTORY INFORMATION

Nadon Newcastle 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.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% 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 Newcastle Ltd (Registered number: 09827261)

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
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 14 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,099 31,284 12,841 2,764 51,988
Additions - 4,069 - - 4,069
At 31 December 2023 5,099 35,353 12,841 2,764 56,057
DEPRECIATION
At 1 January 2023 4,376 29,143 12,827 1,404 47,750
Charge for year 687 1,494 14 890 3,085
At 31 December 2023 5,063 30,637 12,841 2,294 50,835
NET BOOK VALUE
At 31 December 2023 36 4,716 - 470 5,222
At 31 December 2022 723 2,141 14 1,360 4,238

Nadon Newcastle Ltd (Registered number: 09827261)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 86
Other debtors 61,067 30,391
61,067 30,477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 42,119 24,571
Taxation and social security 36,286 37,759
Other creditors 4,018 6,693
82,423 69,023

8. OTHER FINANCIAL COMMITMENTS

Total amount of commitments is £96,000 (2021: £128,000).

9. 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 7,602 5,830
Amounts advanced 12,686 1,772
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,288 7,602

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