The notes on pages 2 to 5 form part of these financial statements.
Nomia Holdings Limited (formerly Nomia Limited) is a private company limited by shares incorporated in England and Wales. The registered office is 125 Wood Street, London, United Kingdom, EC2V 7AW.
The accounting period includes the period from the date of incorporation of the company on the 8 September 2023 to 31 March 2024, in order to align with the desired year end. This being the first period of incorporation, there are no comparative figures.
The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The directors do not consider there to be any key estimates or judgements applicable to the company.
The average monthly number of persons (including directors) employed by the company during the period was:
No directors remuneration was payable by the company to the directors during the year for their services to the company. The directors, who are also directors of other group companies, are remunerated elsewhere in the group.
The company has one class of ordinary shares which carry no rights to receive notice of, attend and vote at a general meeting of the company, or to receive dividends or participate in a distribution.
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
On 1 April 2024, the company completed an acquisition of Nomia Group Limited, formerly Bell Procurement Management Limited, and its subsidiaries from Bell Microsystems Limited. This acquisition occurred after the balance sheet date of 31 March 2024 and therefore has not been reflected in these financial statements.
On 16 May 2024, 5,000 Ordinary C shares of 0.1p each were converted into Ordinary B shares of 0.1p each.