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Company No: 09447011 (England and Wales)

NOTHING PERSONAL LTD

Unaudited Financial Statements
For the financial period from 01 March 2024 to 31 January 2025
Pages for filing with the registrar

NOTHING PERSONAL LTD

Unaudited Financial Statements

For the financial period from 01 March 2024 to 31 January 2025

Contents

NOTHING PERSONAL LTD

STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
NOTHING PERSONAL LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025
Note 31.01.2025 29.02.2024
£ £
Fixed assets
Tangible assets 3 0 1,549
0 1,549
Current assets
Debtors 4 4,172 10,255
Cash at bank and in hand 35,746 26,872
39,918 37,127
Creditors: amounts falling due within one year 5 ( 25,804) ( 16,559)
Net current assets 14,114 20,568
Total assets less current liabilities 14,114 22,117
Creditors: amounts falling due after more than one year 6 ( 14,611) ( 22,246)
Provision for liabilities 7 0 ( 294)
Net liabilities ( 497) ( 423)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 597 ) ( 523 )
Total shareholders' deficit ( 497) ( 423)

For the financial period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Nothing Personal Ltd (registered number: 09447011) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C Morrish
Director

11 March 2025

NOTHING PERSONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2024 to 31 January 2025
NOTHING PERSONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2024 to 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nothing Personal Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
01.03.2024 to
31.01.2025
Year ended
29.02.2024
Number Number
Monthly average number of persons employed by the company during the period, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2024 31,320 31,320
Additions 1,402 1,402
Disposals ( 32,722) ( 32,722)
At 31 January 2025 0 0
Accumulated depreciation
At 01 March 2024 29,771 29,771
Charge for the financial period 1,134 1,134
Disposals ( 30,905) ( 30,905)
At 31 January 2025 0 0
Net book value
At 31 January 2025 0 0
At 29 February 2024 1,549 1,549

4. Debtors

31.01.2025 29.02.2024
£ £
Trade debtors 1,080 0
Corporation tax 0 9,260
S455 251 251
Other debtors 2,841 744
4,172 10,255

5. Creditors: amounts falling due within one year

31.01.2025 29.02.2024
£ £
Bank loans 9,352 10,219
Accruals 1,000 1,000
Taxation and social security 15,452 5,340
25,804 16,559

6. Creditors: amounts falling due after more than one year

31.01.2025 29.02.2024
£ £
Bank loans 14,611 22,246

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

31.01.2025 29.02.2024
£ £
At the beginning of financial period/year ( 294) ( 522)
Credited to the Statement of Income and Retained Earnings 294 228
At the end of financial period/year 0 ( 294)