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NEMEIN LTD

Registered Number
08384656
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

NEMEIN LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

BOURNE, Suzannah
TILL, Lawrence Martin

Registered Address

4 Squire Drive
Brynmenyn Industrial Estate
Brynmenyn
CF32 9TX

Registered Number

08384656 (England and Wales)
NEMEIN LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets33,488,1783,044,867
Tangible assets4755,882828,438
4,244,0603,873,305
Current assets
Debtors236,851264,446
Cash at bank and on hand1,33627,491
238,187291,937
Creditors amounts falling due within one year(116,456)(141,570)
Net current assets (liabilities)121,731150,367
Total assets less current liabilities4,365,7914,023,672
Creditors amounts falling due after one year(1,925,820)(2,326,539)
Net assets2,439,9711,697,133
Capital and reserves
Called up share capital40,00040,000
Share premium1,750,0001,150,000
Profit and loss account649,971507,133
Shareholders' funds2,439,9711,697,133
The financial statements were approved and authorised for issue by the Board of Directors on 9 January 2025, and are signed on its behalf by:
BOURNE, Suzannah
Director
TILL, Lawrence Martin
Director

Registered Company No. 08384656
NEMEIN LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year1111
3.Intangible assets

Total

£
Cost or valuation
At 01 January 243,044,867
Additions443,311
At 31 December 243,488,178
Net book value
At 31 December 243,488,178
At 31 December 233,044,867
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 241,424,162
Additions30,896
At 31 December 241,443,629
Depreciation and impairment
At 01 January 24595,724
Charge for year103,452
At 31 December 24687,747
Net book value
At 31 December 24755,882
At 31 December 23828,438
5.Secured creditors
The company operates from premises owned by the Minerva SIPP (Self Invested Personal Pension) of which the directors are trustees and beneficiaries. Rent was charged to the company during the period of £56,000. Included in creditors amounts falling due greater than one year are amounts owed to the directors of £539,647.
6.Share capital
£1.75m Directors Loan to be converted to Share Premium Account in preparation for investment £500,000 in Period Ended 31/12/2022, £650,000 in the Period Ended 31/12/2023 and £600,000 in the Current Period ended 31/12/24.