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REGISTERED NUMBER: 08939813 (England and Wales)















The Nipple Shop Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






The Nipple Shop Limited (Registered number: 08939813)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Nipple Shop Limited

Company Information
for the Year Ended 31 May 2024







Directors: Pamela Morris
Philip Stephen Vause





Registered office: Lynstock Way
Lostock
Bolton
Lancashire
BL6 4SA





Registered number: 08939813 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

The Nipple Shop Limited (Registered number: 08939813)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 521,994 530,034

Current assets
Debtors 5 309,210 174,716
Cash at bank 23,205 19,706
332,415 194,422
Creditors
Amounts falling due within one year 6 - 504
Net current assets 332,415 193,918
Total assets less current liabilities 854,409 723,952

Capital and reserves
Called up share capital 7 100 100
Retained earnings 854,309 723,852
Shareholders' funds 854,409 723,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Nipple Shop Limited (Registered number: 08939813)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Pamela Morris - Director


The Nipple Shop Limited (Registered number: 08939813)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

The Nipple Shop 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.

Investments in subsidiaries
Fixed asset investments are stated at cost less dividends received from pre acquisition retained profits.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting 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.

3. Employees and directors

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

The Nipple Shop Limited (Registered number: 08939813)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 June 2023 530,034
Impairments (8,040 )
At 31 May 2024 521,994
Net book value
At 31 May 2024 521,994
At 31 May 2023 530,034

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 96 -
Other debtors 309,114 174,716
309,210 174,716

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to group undertakings - 504

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 1 100 100

The Nipple Shop Limited (Registered number: 08939813)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Philip Stephen Vause
Balance outstanding at start of year 77,764 28,504
Amounts advanced 88,075 86,760
Amounts repaid (37,522 ) (37,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 128,317 77,764

Pamela Morris
Balance outstanding at start of year 77,735 28,434
Amounts advanced 89,141 86,801
Amounts repaid (38,559 ) (37,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 128,317 77,735