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REGISTERED NUMBER: 14031488 (England and Wales)






















NDWO Limited

Unaudited Financial Statements for the Year Ended 30th April 2024






NDWO Limited (Registered number: 14031488)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NDWO Limited

Company Information
for the year ended 30th April 2024







DIRECTORS: N McKechnie
Mrs D McKechnie





REGISTERED OFFICE: 82 Beverley Road
South Cave
Brough
HU15 2BB





REGISTERED NUMBER: 14031488 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

NDWO Limited (Registered number: 14031488)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,734,602 3,915,452

CURRENT ASSETS
Cash at bank 158,417 792,291

CREDITORS
Amounts falling due within one year 5 4,413,456 4,654,834
NET CURRENT LIABILITIES (4,255,039 ) (3,862,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,563

52,909

CAPITAL AND RESERVES
Called up share capital 6 42 42
Retained earnings 479,521 52,867
SHAREHOLDERS' FUNDS 479,563 52,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2024 and were signed on its behalf by:





N McKechnie - Director


NDWO Limited (Registered number: 14031488)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

NDWO 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 as modified by the revaluation of certain assets.

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.

Listed investments
Listed investments are included in the accounts at market value. The variations between the valuation of investments at the balance sheet date and their purchase price if acquired during the year and the market value at the previous balance sheet date for investments held throughout the year are shown as unrealised gains or losses in the statement of financial activities.

3. EMPLOYEES AND DIRECTORS

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

NDWO Limited (Registered number: 14031488)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023 3,915,452
Additions 1,073,459
Disposals (574,939 )
Revaluations 320,630
At 30th April 2024 4,734,602
NET BOOK VALUE
At 30th April 2024 4,734,602
At 30th April 2023 3,915,452

Cost or valuation at 30th April 2024 is represented by:

Other
investments
£   
Valuation in 2023 30,663
Valuation in 2024 320,630
Cost 4,383,309
4,734,602

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,327 3,347
Other creditors 4,412,129 4,651,487
4,413,456 4,654,834

NDWO Limited (Registered number: 14031488)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal 2024
Value £
11 A Ordinary £1 11
11 B Ordinary £1 11
2 C Ordinary £1 2
2 D Ordinary £1 2
2 E Ordinary £1 2
2 F Ordinary £1 2
2 G Ordinary £1 2
2 H Ordinary £1 2
2 I Ordinary £1 2
2 J Ordinary £1 2
2 K Ordinary £1 2
2 L Ordinary £1 2
42

The following shares were allotted and fully paid for cash at par during the period:

11 A Ordinary shares of £1 each
11 B Ordinary shares of £1 each
2 C Ordinary shares of £1 each
2 D Ordinary Shares of £1 each
2 E Ordinary Shares of £1 each
2 F Ordinary Shares of £1 each
2 G Ordinary Shares of £1 each
2 H Ordinary Shares of £1 each
2 I Ordinary Shares of £1 each
2 J Ordinary Shares of £1 each
2 K Ordinary Shares of £1 each
2 L Ordinary Shares of £1 each

A Ordinary and B Ordinary shares have rights to vote as defined in the company's articles, they have full rights to dividends declared on this class of shares and full rights to capital distributions (including on winding-up) up to the par value of the shares only.

Class C to L Ordinary shares have rights to vote as defined in the company's articles, they have full rights to dividends declared on this class of shares and class C to K Ordinary shares rank pari passu with each other and have full rights to capital distributions (including on winding-up) up to a maximum cap of £259,500.

Class L shares rank pari passu with classes C to K in regards to capital distribution rights (including on winding-up) save for the L Ordinary shares shall be entitled to the whole of any such remaining proceeds once class C to K Ordinary shares have reached their maximum cap.