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REGISTERED NUMBER: 14890342 (England and Wales)








Unaudited Financial Statements

for the Period 24 May 2023 to 31 May 2024

for

Ngawi Holdings Ltd

Ngawi Holdings Ltd (Registered number: 14890342)

Contents of the Financial Statements
for the Period 24 May 2023 to 31 May 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Ngawi Holdings Ltd

Company Information
for the Period 24 May 2023 to 31 May 2024







DIRECTORS: Mrs J J Bailey
I C Bailey





REGISTERED OFFICE: 39 Pinkett Street
Worcester
WR3 7EB





REGISTERED NUMBER: 14890342 (England and Wales)






Ngawi Holdings Ltd (Registered number: 14890342)

Abridged Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Investments 4 200,080

CURRENT ASSETS
Cash at bank 14,969

CREDITORS
Amounts falling due within one year 113,953
NET CURRENT LIABILITIES (98,984 )
TOTAL ASSETS LESS CURRENT LIABILITIES 101,096

CREDITORS
Amounts falling due after more than one year 80,032
NET ASSETS 21,064

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 20,964
21,064

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

The members have not required the company to obtain an audit of its financial statements for the period 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 December 2024 and were signed on its behalf by:



I C Bailey - Director


Ngawi Holdings Ltd (Registered number: 14890342)

Notes to the Financial Statements
for the Period 24 May 2023 to 31 May 2024


1. STATUTORY INFORMATION

Ngawi Holdings 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Taxation
Taxation for the period 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.


Ngawi Holdings Ltd (Registered number: 14890342)

Notes to the Financial Statements - continued
for the Period 24 May 2023 to 31 May 2024


2. ACCOUNTING POLICIES - continued
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 period 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 period was NIL.

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 200,080
At 31 May 2024 200,080
NET BOOK VALUE
At 31 May 2024 200,080