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REGISTERED NUMBER: 10235654 (England and Wales)















SECOND NEST LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 JUNE 2024






SECOND NEST LTD (REGISTERED NUMBER: 10235654)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECOND NEST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 JUNE 2024







DIRECTORS: N C J Cavendish
L D Sewell





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 10235654 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

SECOND NEST LTD (REGISTERED NUMBER: 10235654)

BALANCE SHEET
28 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,154 11,249

CURRENT ASSETS
Debtors 5 176,947 224,885
Cash at bank and in hand 29,602 85,630
206,549 310,515
CREDITORS
Amounts falling due within one year 6 (101,749 ) (65,698 )
NET CURRENT ASSETS 104,800 244,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,954

256,066

CREDITORS
Amounts falling due after more than one
year

7

(30,724

)

(203,131

)
NET ASSETS 83,230 52,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 83,130 52,835
83,230 52,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SECOND NEST LTD (REGISTERED NUMBER: 10235654)

BALANCE SHEET - continued
28 JUNE 2024


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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




N C J Cavendish - Director



L D Sewell - Director


SECOND NEST LTD (REGISTERED NUMBER: 10235654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JUNE 2024

1. STATUTORY INFORMATION

Second Nest Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SECOND NEST LTD (REGISTERED NUMBER: 10235654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JUNE 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 29 June 2023 12,000 8,660 20,660
Additions - 756 756
At 28 June 2024 12,000 9,416 21,416
DEPRECIATION
At 29 June 2023 3,000 6,411 9,411
Charge for year 2,250 601 2,851
At 28 June 2024 5,250 7,012 12,262
NET BOOK VALUE
At 28 June 2024 6,750 2,404 9,154
At 28 June 2023 9,000 2,249 11,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry debtors 3,250 1,680
Albert & Cox Ltd 156,955 219,460
Directors' current accounts 16,742 3,745
176,947 224,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,249 15,732
Trade creditors 1,931 3,040
Corporation Tax 23,159 14,244
Social security and other taxes 145 35
VAT 6,510 12,848
Sundry creditors 59,087 15,419
Accrued expenses 4,668 4,380
101,749 65,698

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,249 6,249
Bank loans - 2-5 years 18,747 18,747
Bank loans more 5 yr by instal 5,728 11,977
Other creditors - 166,158
30,724 203,131

SECOND NEST LTD (REGISTERED NUMBER: 10235654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,728 11,977