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REGISTERED NUMBER: 03056577 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NEACO LIMITED

NEACO LIMITED (REGISTERED NUMBER: 03056577)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEACO LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: A J Green





REGISTERED OFFICE: Norton Grove Ind. Estate
Norton
Malton
North Yorkshire
YO17 9HQ





REGISTERED NUMBER: 03056577 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

NEACO LIMITED (REGISTERED NUMBER: 03056577)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 919,000 919,000

CREDITORS
Amounts falling due within one year 5 176,153 176,153
NET CURRENT LIABILITIES (176,153 ) (176,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,847

742,847

CAPITAL AND RESERVES
Called up share capital 3,640 3,640
Share premium 41,538 41,538
Capital redemption reserve 686,164 686,164
Retained earnings 11,505 11,505
SHAREHOLDERS' FUNDS 742,847 742,847

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2025 and were signed by:




A J Green - Director


NEACO LIMITED (REGISTERED NUMBER: 03056577)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Neaco Limited is a company incorporated and domiciled in England and has its registered office and principle place of business at Norton Grove Industrial, Malton, YO17 9HQ.

The ultimate parent company is Neaco Holdings Limited which has the same registered address and principle place of business as Neaco Limited.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The company was dormant throughout the current year and previous year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments
Investments held as fixed assets are stated at cost less any provision for a permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 919,000
NET BOOK VALUE
At 31 March 2024 919,000
At 31 March 2023 919,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to subsidiary 176,153 176,153

NEACO LIMITED (REGISTERED NUMBER: 03056577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. RELATED PARTY DISCLOSURES

The amount owed to group undertakings is in respect of amounts due to the trading subsidiary company. The balance does not attract interest and although strictly payable on demand, £176,153 (2023: £176,153)will not be paid within 12 months.

7. ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors by virtue of them owning 100% of the shares in the parent company Neaco Holdings Limited.