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Registered number: 12687232
Nelo Holdings Limited
Director's Report and
Financial Statements
For The Year Ended 30 June 2024
M. C. Rabey Esq.
Endeavour House 3rd Floor
Coopers End Road
Stansted
Essex
CM24 1SJ
Contents
Page
Company Information 1
Director's Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr Oliver Driver
Company Number 12687232
Registered Office Lamb Barn Colchester Road
St Osyths
Clacton on Sea
Essex
CO16 8HS
Accountants M. C. Rabey Esq.
Endeavour House 3rd Floor
Coopers End Road
Stansted
Essex
CM24 1SJ
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 30 June 2024.
Directors
The director who held office during the year were as follows:
Mr Oliver Driver
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Oliver Driver
Director
10/03/2025
Page 2
Page 3
Profit and Loss Account
2024 2023
Notes £ £
Administrative expenses (9,166 ) (8,963 )
Other operating income 12,000 12,000
OPERATING PROFIT 2,834 3,037
Other interest receivable and similar income 88 105
PROFIT BEFORE TAXATION 2,922 3,142
Tax on Profit (555 ) (563 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 2,367 2,579
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,586 199,586
199,586 199,586
CURRENT ASSETS
Cash at bank and in hand 6,961 15,640
6,961 15,640
Creditors: Amounts Falling Due Within One Year 5 (69,996 ) (76,328 )
NET CURRENT ASSETS (LIABILITIES) (63,035 ) (60,688 )
TOTAL ASSETS LESS CURRENT LIABILITIES 136,551 138,898
Creditors: Amounts Falling Due After More Than One Year 6 (126,066 ) (131,340 )
NET ASSETS 10,485 7,558
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 10,484 7,557
SHAREHOLDERS' FUNDS 10,485 7,558
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Oliver Driver
Director
10/03/2025
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Nelo Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12687232 . The registered office is Lamb Barn Colchester Road, St Osyths, Clacton on Sea, Essex, CO16 8HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
2.3. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 July 2023 199,586
As at 30 June 2024 199,586
Net Book Value
As at 30 June 2024 199,586
As at 1 July 2023 199,586
Page 5
Page 6
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 175 174
Corporation tax 802 810
Director's loan account 69,019 75,344
69,996 76,328
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage 126,066 131,340
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6