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Unaudited Financial Statements for the Year Ended 29 February 2024

for

NGU UN Limited

NGU UN Limited (Registered number: 08885936)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NGU UN Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R D Childs
Mrs R S Facer





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 08885936 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

NGU UN Limited (Registered number: 08885936)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,468,974 1,461,514

CURRENT ASSETS
Debtors 5 - 8,388
Cash at bank 36,955 71,084
36,955 79,472
CREDITORS
Amounts falling due within one year 6 63,680 69,680
NET CURRENT (LIABILITIES)/ASSETS (26,725 ) 9,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,442,249

1,471,306

CREDITORS
Amounts falling due after more than one year 7 (1,456,229 ) (1,466,771 )

PROVISIONS FOR LIABILITIES 8 (7,612 ) (6,555 )
NET LIABILITIES (21,592 ) (2,020 )

CAPITAL AND RESERVES
Called up share capital 9 56 56
Retained earnings (21,648 ) (2,076 )
SHAREHOLDERS' FUNDS (21,592 ) (2,020 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 14 November 2024 and were signed on its behalf by:





R D Childs - Director


NGU UN Limited (Registered number: 08885936)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

NGU UN 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.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 10% on reducing balance

Land & property - Nil

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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.

3. EMPLOYEES AND DIRECTORS

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

NGU UN Limited (Registered number: 08885936)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 March 2023 1,413,000 52,015 35,056 1,500,071
Additions - 13,679 - 13,679
At 29 February 2024 1,413,000 65,694 35,056 1,513,750
DEPRECIATION
At 1 March 2023 - 17,803 20,754 38,557
Charge for year - 4,789 1,430 6,219
At 29 February 2024 - 22,592 22,184 44,776
NET BOOK VALUE
At 29 February 2024 1,413,000 43,102 12,872 1,468,974
At 28 February 2023 1,413,000 34,212 14,302 1,461,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments and accrued income - 8,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Directors' current accounts 60,680 61,933
Accrued expenses 3,000 7,747
63,680 69,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 1,126,740 1,126,501
Inter-company loan 329,489 340,270
1,456,229 1,466,771

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 7,612 6,555

Deferred Other
tax provisions
£    £   
Balance at 1 March 2023 6,555 18
Provided during year 1,057 -
Balance at 29 February 2024 7,612 18

NGU UN Limited (Registered number: 08885936)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
8 A Ordinary £1 8 8
48 B Ordinary £1 48 48
56 56

10. RELATED PARTY DISCLOSURES

RD Childs is also a Director and Secretary of Profiling for Success Limited and Team Focus Limited.
RS Facer is also a Director of Profiling for Success Limited and Team Focus Limited.

Within long-term creditors the company has loans with:
Team Focus Limited £269,297 (2023 £340,270)
Profiling for Success Limited £60,000 (2023 £Nil)