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COMPANY REGISTRATION NUMBER: 11611618
Nu Group Holdings Limited
Filleted Unaudited Financial Statements
31 October 2023
Nu Group Holdings Limited
Financial Statements
Year ended 31 October 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Nu Group Holdings Limited
Officers and Professional Advisers
Director
D Lewitte
Registered office
131 Hale Drive
London
NW7 3EJ
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Nu Group Holdings Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Nu Group Holdings Limited
Year ended 31 October 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 October 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Nu Group Holdings Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
125,524
131,425
Current assets
Stocks
1,250
1,250
Debtors
6
2,600
2,920
Cash at bank and in hand
1,757
500
-------
-------
5,607
4,670
Creditors: amounts falling due within one year
7
74,531
53,275
--------
--------
Net current liabilities
68,924
48,605
---------
---------
Total assets less current liabilities
56,600
82,820
Creditors: amounts falling due after more than one year
8
304,254
351,610
---------
---------
Net liabilities
( 247,654)
( 268,790)
---------
---------
Capital and reserves
Called up share capital
9
82,783
100
Profit and loss account
( 330,437)
( 268,890)
---------
---------
Shareholders funds
( 247,654)
( 268,790)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nu Group Holdings Limited
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 4 November 2024 , and are signed on behalf of the board by:
D Lewitte
Director
Company registration number: 11611618
Nu Group Holdings Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 131 Hale Drive, London, NW7 3EJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
4% straight line
Kitchen/catering equipment
-
4% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 6 ).
5. Tangible assets
Fixtures and fittings
Kitchen and catering equipment
Total
£
£
£
Cost
At 1 November 2022 and 31 October 2023
40,153
107,374
147,527
--------
---------
---------
Depreciation
At 1 November 2022
4,403
11,699
16,102
Charge for the year
1,606
4,295
5,901
--------
---------
---------
At 31 October 2023
6,009
15,994
22,003
--------
---------
---------
Carrying amount
At 31 October 2023
34,144
91,380
125,524
--------
---------
---------
At 31 October 2022
35,750
95,675
131,425
--------
---------
---------
6. Debtors
2023
2022
£
£
Trade debtors
320
Other debtors
2,600
2,600
-------
-------
2,600
2,920
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
47,665
42,122
Trade creditors
1,124
1,982
Social security and other taxes
5,609
5,785
Other creditors
20,133
3,386
--------
--------
74,531
53,275
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
34,655
39,523
Other creditors
269,599
312,087
---------
---------
304,254
351,610
---------
---------
Other creditors includes a loan from the director, Darren Lewitte, of £223,700 (2022: £223,700).
9. Called up share capital
During the year, the company issued 82,683 Ordinary shares of £1 each for a total consideration of £82,683.