REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Nibgreen |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Nibgreen |
Nibgreen (Registered number: 10705452) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Nibgreen (Registered number: 10705452) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Nibgreen (Registered number: 10705452) |
Balance Sheet - continued |
31 March 2024 |
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 |
Nibgreen (Registered number: 10705452) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Nibgreen is a private company , registered in England and Wales. The company's registered number and registered office address are as below: |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 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. |
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 |
Nibgreen (Registered number: 10705452) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Listed | Unlisted |
undertakings | investments | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 April 2023 | 26,318,064 |
Additions | 1,205,605 |
Disposals | ( |
) | ( |
) | (3,366,027 | ) |
Revaluations | 2,820,670 |
At 31 March 2024 | 26,978,312 |
NET BOOK VALUE |
At 31 March 2024 | 26,978,312 |
At 31 March 2023 | 26,318,064 |
Cost or valuation at 31 March 2024 is represented by: |
Shares in |
group | Listed | Unlisted |
undertakings | investments | investments | Totals |
£ | £ | £ | £ |
Valuation in 2019 | - | 796,302 | - | 796,302 |
Valuation in 2020 | - | (2,457,040 | ) | (30,632 | ) | (2,487,672 | ) |
Valuation in 2021 | - | 6,281,420 | 138,554 | 6,419,974 |
Valuation in 2022 | - | 1,042,788 | 200,667 | 1,243,455 |
Valuation in 2023 | - | (1,384,801 | ) | (111,690 | ) | (1,496,491 | ) |
Valuation in 2024 | - | 999,237 | 168,749 | 1,167,986 |
Cost | 100 | 19,429,747 | 1,904,911 | 21,334,758 |
100 | 24,707,653 | 2,270,559 | 26,978,312 |
5. | DEBTORS |
31.3.24 | 31.3.23 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
Nibgreen (Registered number: 10705452) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax | ( |
) |
Social security and other taxes |
Bank Loan 1 | 5,750,000 | 5,750,000 |
Bank Loan 2 | 3,199,756 | 2,820,670 |
Bank Loan 3 | - | 467,673 |
Dividends Payable | 4,000 | 4,000 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Shareholder Loan | 9,374,428 | 9,991,929 |
Shareholder Loan | 9,590,414 | 10,122,197 |