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REGISTERED NUMBER: SC159957 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NACADIA LIMITED

NACADIA LIMITED (REGISTERED NUMBER: SC159957)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NACADIA LIMITED

COMPANY INFORMATION
for the year ended 31 JANUARY 2024







DIRECTOR: T Cunningham





SECRETARY: Mrs E Cunningham





REGISTERED OFFICE: Atlantic House
1a Cadogan Street
Glasgow
G2 6QE





REGISTERED NUMBER: SC159957 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

NACADIA LIMITED (REGISTERED NUMBER: SC159957)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 303,931 306,717

CURRENT ASSETS
Stocks 6,400 4,500
Debtors 5 21,766 7,444
Cash at bank and in hand 17,254 6,285
45,420 18,229
CREDITORS
Amounts falling due within one year 6 (125,712 ) (91,011 )
NET CURRENT LIABILITIES (80,292 ) (72,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,639

233,935

CREDITORS
Amounts falling due after more than one
year

7

(4,770

)

(9,416

)

PROVISIONS FOR LIABILITIES (1,426 ) (1,384 )
NET ASSETS 217,443 223,135

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 216,443 222,135
SHAREHOLDERS' FUNDS 217,443 223,135

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

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

NACADIA LIMITED (REGISTERED NUMBER: SC159957)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 28 October 2024 and were signed by:





T Cunningham - Director


NACADIA LIMITED (REGISTERED NUMBER: SC159957)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Nacadia Limited is a private company, limited by shares, registered in Scotland, registration number SC159957. The registered office is c/o Thomas Barrie & Co LLP, Atlantic House, 1a Cadogan Street, Glasgow, G2 6QE.

The principal activity of the company is that of publicans.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Going concern
These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. The key driver for this are loans provided to the Company by the directors and associated companies, which are all repayable on demand with no fixed terms of repayment. The directors do not intend to recall the loans within the next 12 months, hence going concern basis of the Company is considered to be appropriate.

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Sale of Goods
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably.

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.
Land and buildings - not provided
Plant and machinery etc - 20% on cost and 10% 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.

NACADIA LIMITED (REGISTERED NUMBER: SC159957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprises cash balances. Bank overdrafts that are payable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Short term employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in profit and loss in the period in which they are incurred. A liability is recognised for the amount expected to be paid if the company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.

NACADIA LIMITED (REGISTERED NUMBER: SC159957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 288,414 143,036 431,450
Additions - 582 582
At 31 January 2024 288,414 143,618 432,032
DEPRECIATION
At 1 February 2023 - 124,733 124,733
Charge for year - 3,368 3,368
At 31 January 2024 - 128,101 128,101
NET BOOK VALUE
At 31 January 2024 288,414 15,517 303,931
At 31 January 2023 288,414 18,303 306,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,766 7,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,284 4,204
Taxation and social security 7,894 5,253
Other creditors 107,534 81,554
125,712 91,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 4,770 9,416