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REGISTERED NUMBER: 09872287 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NYS SERVICES LTD

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

NYS SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: E R D Morgan





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 09872287 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 974 1,358
Investments 5 27,033 25,600
28,007 26,958

CURRENT ASSETS
Debtors 6 1,095,903 1,149,025
Cash at bank 208 76,945
1,096,111 1,225,970
CREDITORS
Amounts falling due within one year 7 555,751 555,041
NET CURRENT ASSETS 540,360 670,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

568,367

697,887

PROVISIONS FOR LIABILITIES 9 272 -
NET ASSETS 568,095 697,887

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 1,160 -
Retained earnings 11 566,835 697,787
SHAREHOLDERS' FUNDS 568,095 697,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





E R D Morgan - Director


NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

NYS Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,918 3,975 5,893
DEPRECIATION
At 1 November 2022 560 3,975 4,535
Charge for year 384 - 384
At 31 October 2023 944 3,975 4,919
NET BOOK VALUE
At 31 October 2023 974 - 974
At 31 October 2022 1,358 - 1,358

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 20,001 5,599 25,600
Revaluations - 1,433 1,433
At 31 October 2023 20,001 7,032 27,033
NET BOOK VALUE
At 31 October 2023 20,001 7,032 27,033
At 31 October 2022 20,001 5,599 25,600

Cost or valuation at 31 October 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 1,433 1,433
Cost 20,001 5,599 25,600
20,001 7,032 27,033

The company's investments at the Balance Sheet date in the share capital of companies include the following:

SGate Limited
Registered office: Registered in the UK
Nature of business: Wholesale Marketing
%
Class of shares: holding
Ordinary £1 shares 100.00

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. FIXED ASSET INVESTMENTS - continued

M & Co. Homes Limited
Registered office: Registered in the UK
Nature of business: Property development
%
Class of shares: holding
Ordinary £1 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Amounts owed by group undertakings 863,696 868,241
Other debtors 217,173 217,173
Directors' current accounts 15,034 63,611
1,095,903 1,149,025

Amounts owed by /to group undertakings at the year end were as follows;
A balance of £728,413 (2022 - £740.413) is owed by M&Co Homes Limited.
A balance of £135,283 (2022 - £127,828) is owed by Sgate Limited.

Others debtors includes:
A balance of £7,000 owed by Eden Estates (UK) Limited, a company in which the director has a significant interest.
A balance of £80,448 owed by a private third party and is expected to be repaid in full to the company in the forseeable future.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other loans (see note 8) 286,967 278,867
Trade creditors 180 5,106
Tax 265,591 266,000
Social security and other taxes (271 ) -
Other creditors 859 1,998
Pensions payable 37 -
Accrued expenses 2,388 3,070
555,751 555,041

A balance of £286,967 owed to D2C Distribution LLC, a company registered in the United States of America, in which the Director has an interest, The loan has no fixed term of repayment and attracts interest at 3% annually.

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
as restated
£    £   
Amounts falling due within one year or on demand:
Other loans 286,967 278,867

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 272 -

Deferred
tax
£   
Provided during year 272
Balance at 31 October 2023 272

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 697,787 - 697,787
Deficit for the year (43,268 ) (43,268 )
Dividends (86,524 ) (86,524 )
Revaluations (1,160 ) 1,160 -
At 31 October 2023 566,835 1,160 567,995

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
as restated
£    £   
E R D Morgan
Balance outstanding at start of year 63,611 46,840
Amounts advanced 17,873 63,611
Amounts repaid (66,450 ) (46,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,034 63,611

NYS SERVICES LTD (REGISTERED NUMBER: 09872287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

13. ULTIMATE CONTROLLING PARTY

The controlling party is E R D Morgan.

The ultimate controlling party is E R D Morgan.

NYS SERVICES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
NYS SERVICES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................