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REGISTERED NUMBER: 12231678 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NONIUS HOSPITALITY TECHNOLOGY UK LTD

NONIUS HOSPITALITY TECHNOLOGY UK LTD (REGISTERED NUMBER: 12231678)






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


NONIUS HOSPITALITY TECHNOLOGY UK LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: L T D J Domingues
A M G D S Silva
H P Doyle





REGISTERED OFFICE: The Clervaux Exchange Clervaux Terrace
Jarrow
Tyne and Wear
NE32 5UP





REGISTERED NUMBER: 12231678 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

NONIUS HOSPITALITY TECHNOLOGY UK LTD (REGISTERED NUMBER: 12231678)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,495 17,443
Investments 5 599,368 599,368
614,863 616,811

CURRENT ASSETS
Stocks 149,065 235,681
Debtors 6 874,893 408,347
Cash at bank 55,851 85,540
1,079,809 729,568
CREDITORS
Amounts falling due within one year 7 695,155 1,182,137
NET CURRENT ASSETS/(LIABILITIES) 384,654 (452,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

999,517

164,242

CREDITORS
Amounts falling due after more than one
year

8

694,414

-
NET ASSETS 305,103 164,242

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Retained earnings 205,103 64,242
SHAREHOLDERS' FUNDS 305,103 164,242

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.

NONIUS HOSPITALITY TECHNOLOGY UK LTD (REGISTERED NUMBER: 12231678)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





A M G D S Silva - Director


NONIUS HOSPITALITY TECHNOLOGY UK LTD (REGISTERED NUMBER: 12231678)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nonius Hospitality Technology 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.

Going concern
After reviewing the company's forecasts and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Nonius Hospitality Technology UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Rendering of services

Sales are recognised as follows:

An installation fee is recognised initially on confirmation of the order as the deposit with the balance payable on completion.
Commission is paid on a monthly basis invoiced in arrears on utilisation of the systems.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33.33% straight line and 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.


NONIUS HOSPITALITY TECHNOLOGY UK LTD (REGISTERED NUMBER: 12231678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises of current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 17,814
Additions 3,543
At 31 December 2023 21,357
DEPRECIATION
At 1 January 2023 371
Charge for year 5,491
At 31 December 2023 5,862
NET BOOK VALUE
At 31 December 2023 15,495
At 31 December 2022 17,443

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 599,368
NET BOOK VALUE
At 31 December 2023 599,368
At 31 December 2022 599,368

NONIUS HOSPITALITY TECHNOLOGY UK LTD (REGISTERED NUMBER: 12231678)

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 680,172 203,598
Amounts owed by group undertakings 6,383 3,142
Other debtors 188,338 201,607
874,893 408,347

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,097 34,485
Amounts owed to group undertakings - 954,002
Taxation and social security 189,404 29,043
Other creditors 500,654 164,607
695,155 1,182,137

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 694,414 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 100,000 100,000