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Company Registration No. SC701358 (Scotland)
Nonno's Legacy Limited Unaudited accounts for the year ended 30 June 2024
Nonno's Legacy Limited Unaudited accounts Contents
Page
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Nonno's Legacy Limited Company Information for the year ended 30 June 2024
Director
Jennifer Perella
Company Number
SC701358 (Scotland)
Registered Office
Blackrock House Ltd 2-8 Millar Crescent Edinburgh Midlothian EH10 5HW Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Nonno's Legacy Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
974,652 
554,652 
Current assets
Debtors
371,331 
145,160 
Cash at bank and in hand
24,351 
15,831 
395,682 
160,991 
Creditors: amounts falling due within one year
(1,064,622)
(382,491)
Net current liabilities
(668,940)
(221,500)
Net assets
305,712 
333,152 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
305,711 
333,151 
Shareholders' funds
305,712 
333,152 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2025 and were signed on its behalf by
Jennifer Perella Director Company Registration No. SC701358
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Nonno's Legacy Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Nonno's Legacy Limited is a private company, limited by shares, registered in Scotland, registration number SC701358. The registered office is Blackrock House Ltd, 2-8 Millar Crescent, Edinburgh, Midlothian, EH10 5HW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
554,652 
Additions
420,000 
At 30 June 2024
974,652 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,366 
Other debtors
367,965 
145,160 
371,331 
145,160 
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Nonno's Legacy Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
891,466 
212,592 
Trade creditors
5,363 
600 
Taxes and social security
628 
4,628 
Other creditors
4,000 
4,000 
Loans from directors
152,505 
150,041 
Accruals
10,660 
10,630 
1,064,622 
382,491 
Bank loans are secured over the property to which they relate.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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