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Company Registration No. 11439072 (England and Wales)
Nemo Homes Ltd Unaudited accounts for the year ended 31 May 2024
Nemo Homes Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,308 
- 
Current assets
Inventories
109,800 
109,800 
Debtors
(384)
763 
Cash at bank and in hand
8,641 
13,169 
118,057 
123,732 
Creditors: amounts falling due within one year
(73,570)
(71,895)
Net current assets
44,487 
51,837 
Total assets less current liabilities
48,795 
51,837 
Creditors: amounts falling due after more than one year
(12,453)
(22,014)
Net assets
36,342 
29,823 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,242 
29,723 
Shareholders' funds
36,342 
29,823 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2024 and were signed on its behalf by
Nnemdi Lulita Okonyia Director Company Registration No. 11439072
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Nemo Homes Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Nemo Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11439072. The registered office is 86-90 PAUL STREET, LONDON, EC2A 4NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight Line Basis
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
4,787 
At 31 May 2024
4,787 
Depreciation
Charge for the year
479 
At 31 May 2024
479 
Net book value
At 31 May 2024
4,308 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(384)
763 
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Nemo Homes Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
52,234 
46,288 
Trade creditors
- 
40 
Taxes and social security
9,891 
9,606 
Other creditors
(1)
5,863 
Loans from directors
1,446 
98 
73,570 
71,895 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,453 
22,014 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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