0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 230,000 230,000 230,000 xbrli:pure xbrli:shares iso4217:GBP 1361521 2023-04-01 2024-03-31 1361521 2024-03-31 1361521 2023-03-31 1361521 2022-04-01 2023-03-31 1361521 2023-03-31 1361521 2022-03-31 1361521 bus:Director3 2023-04-01 2024-03-31 1361521 core:WithinOneYear 2024-03-31 1361521 core:WithinOneYear 2023-03-31 1361521 core:ShareCapital 2024-03-31 1361521 core:ShareCapital 2023-03-31 1361521 core:RevaluationReserve 2024-03-31 1361521 core:RevaluationReserve 2023-03-31 1361521 core:RetainedEarningsAccumulatedLosses 2024-03-31 1361521 core:RetainedEarningsAccumulatedLosses 2023-03-31 1361521 core:LandBuildings 2024-03-31 1361521 core:LandBuildings 2023-03-31 1361521 bus:Director1 2023-04-01 2024-03-31 1361521 bus:SmallEntities 2023-04-01 2024-03-31 1361521 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 1361521 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 1361521 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 1361521 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 1361521
Nectarfine Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Nectarfine Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
230,000
230,000
Current assets
Debtors
5
11,368
5,816
Cash at bank and in hand
8,021
8,021
--------
--------
19,389
13,837
Creditors: amounts falling due within one year
6
21,575
21,555
--------
--------
Net current liabilities
2,186
7,718
---------
---------
Total assets less current liabilities
227,814
222,282
---------
---------
Capital and reserves
Called up share capital
98
98
Revaluation reserve
204,925
204,925
Profit and loss account
22,791
17,259
---------
---------
Shareholders funds
227,814
222,282
---------
---------
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 March 2024 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nectarfine Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 November 2024 , and are signed on behalf of the board by:
Mrs A Power
Director
Company registration number: 1361521
Nectarfine Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 94 High Street, Porthmadog, Gwynedd, LL49 9NW.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents rents receivable during the year.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets
Land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
230,000
---------
Depreciation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
230,000
---------
At 31 March 2023
230,000
---------
Tangible assets held at valuation
Land and buildings were revalued by Tudor Estate Agents, on 17 February 2022 at an open market value at £230,000. The historical cost of the freehold and buildings included above was £25,075
5. Debtors
2024
2023
£
£
Other debtors
11,368
5,816
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
927
914
Corporation tax
1,298
1,291
Other creditors
19,350
19,350
--------
--------
21,575
21,555
--------
--------
7. Director's advances, credits and guarantees
There are no Directors advances, credits or guarantees that need to be disclosed in the financial statements.