NGM CAPITAL UK LTD Filleted Accounts Cover
NGM CAPITAL UK LTD
Company No. 13934302
Information for Filing with The Registrar
29 February 2024
NGM CAPITAL UK LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 29 February 2024.
Principal activities
The principal activity of the company during the year under review was Activities of other holding companies not elsewhere classified.
Directors
The Directors who served at any time during the year were as follows:
I.S. Daniels
M. Lopian
(Resigned 31 January 2024)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
I.S. Daniels
Director
05 February 2025
NGM CAPITAL UK LTD Balance Sheet Registrar
at
29 February 2024
Company No.
13934302
Notes
2024
2023
£
£
Fixed assets
Investments
4
311,904311,904
311,904311,904
Current assets
Debtors
5
726,438747,481
Investments
6
23,301-
Cash at bank and in hand
2,34220,935
752,081768,416
Creditors: Amount falling due within one year
7
(828,704)
(883,041)
Net current liabilities
(76,623)
(114,625)
Total assets less current liabilities
235,281197,279
Net assets
235,281197,279
Capital and reserves
Called up share capital
1010
Revaluation reserve
9
220,954220,954
Profit and loss account
9
14,317
(23,685)
Total equity
235,281197,279
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 February 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 05 February 2025 and signed on its behalf by:
I.S. Daniels
Director
05 February 2025
NGM CAPITAL UK LTD Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
NGM CAPITAL UK LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13934302
Its registered office is:
201 Haverstock Hill
Second Floor Fkgb
London
England
NW3 4QG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• 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 transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Investments
Investment in Subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 March 2023
201
311,703
311,904
At 29 February 2024
201
311,703
311,904
Provisions/Impairment
Net book values
At 29 February 2024
201
311,703
311,904
At 28 February 2023
201
311,703
311,904
5
Debtors
2024
2023
£
£
Trade debtors
5,000-
Other debtors
721,039747,088
Prepayments and accrued income
399393
726,438747,481
6
Current asset investments
2024
2023
£
£
Listed investments
23,301-
23,301-
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
4,021
-
Other creditors
823,333881,691
Accruals and deferred income
1,3501,350
828,704883,041
8
Share Capital
1,000 ordinary shares called up and fully paid
9
Reserves
Revaluation Reserve
Total other reserves
£
£
Movement on revaluation reserve
220,954
220,954
At 28 February 2023 and 1 March 2023
220,954
220,954
At 29 February 2024
220,954220,954
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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