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REGISTERED NUMBER: 10627854 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Nether Offlicence Limited

Nether Offlicence Limited (Registered number: 10627854)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nether Offlicence Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Oz





REGISTERED OFFICE: 221 Nether Street
West Finchley
London
N3 1NT





REGISTERED NUMBER: 10627854 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

Nether Offlicence Limited (Registered number: 10627854)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,767 85,247

CURRENT ASSETS
Stocks 5 76,450 73,875
Cash at bank and in hand 3,444 5,320
79,894 79,195
CREDITORS
Amounts falling due within one year 6 91,126 67,448
NET CURRENT (LIABILITIES)/ASSETS (11,232 ) 11,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,535

96,994

CREDITORS
Amounts falling due after more than one
year

7

22,500

32,500
NET ASSETS 45,035 64,494

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Retained earnings 9 20,035 39,494
SHAREHOLDERS' FUNDS 45,035 64,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Nether Offlicence Limited (Registered number: 10627854)

Balance Sheet - continued
31 March 2024


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 22 October 2024 and were signed by:





S Oz - Director


Nether Offlicence Limited (Registered number: 10627854)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nether Offlicence 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.

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 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.

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.

Nether Offlicence Limited (Registered number: 10627854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 81,800 3,844 16,299 101,943
DEPRECIATION
At 1 April 2023 4,908 1,963 9,825 16,696
Charge for year 1,636 769 4,075 6,480
At 31 March 2024 6,544 2,732 13,900 23,176
NET BOOK VALUE
At 31 March 2024 75,256 1,112 2,399 78,767
At 31 March 2023 76,892 1,881 6,474 85,247

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 76,450 73,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 72,146 49,033
Paye (343 ) -
Tax 794 794
VAT 3,529 2,621
Directors' loan accounts 15,000 15,000
91,126 67,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 22,500 32,500

Nether Offlicence Limited (Registered number: 10627854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,500 32,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
25,000 Ordinary shares class A 1.00 25,000 25,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 39,494
Deficit for the year (19,459 )
At 31 March 2024 20,035