Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsethe running of a tourist attraction1012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07594961 2024-01-01 2024-12-31 07594961 2023-01-01 2023-12-31 07594961 2024-12-31 07594961 2023-12-31 07594961 c:Director1 2024-01-01 2024-12-31 07594961 c:Director2 2024-01-01 2024-12-31 07594961 c:RegisteredOffice 2024-01-01 2024-12-31 07594961 d:Buildings 2024-01-01 2024-12-31 07594961 d:Buildings 2024-12-31 07594961 d:Buildings 2023-12-31 07594961 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07594961 d:PlantMachinery 2024-01-01 2024-12-31 07594961 d:PlantMachinery 2024-12-31 07594961 d:PlantMachinery 2023-12-31 07594961 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07594961 d:MotorVehicles 2024-01-01 2024-12-31 07594961 d:MotorVehicles 2024-12-31 07594961 d:MotorVehicles 2023-12-31 07594961 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07594961 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 07594961 d:OtherPropertyPlantEquipment 2024-12-31 07594961 d:OtherPropertyPlantEquipment 2023-12-31 07594961 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07594961 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07594961 d:CurrentFinancialInstruments 2024-12-31 07594961 d:CurrentFinancialInstruments 2023-12-31 07594961 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07594961 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07594961 d:ShareCapital 2024-12-31 07594961 d:ShareCapital 2023-12-31 07594961 d:RetainedEarningsAccumulatedLosses 2024-12-31 07594961 d:RetainedEarningsAccumulatedLosses 2023-12-31 07594961 c:OrdinaryShareClass1 2024-01-01 2024-12-31 07594961 c:OrdinaryShareClass1 2024-12-31 07594961 c:OrdinaryShareClass1 2023-12-31 07594961 c:OrdinaryShareClass2 2024-01-01 2024-12-31 07594961 c:OrdinaryShareClass2 2024-12-31 07594961 c:OrdinaryShareClass2 2023-12-31 07594961 c:OrdinaryShareClass3 2024-01-01 2024-12-31 07594961 c:OrdinaryShareClass3 2024-12-31 07594961 c:OrdinaryShareClass3 2023-12-31 07594961 c:OrdinaryShareClass4 2024-01-01 2024-12-31 07594961 c:OrdinaryShareClass4 2024-12-31 07594961 c:OrdinaryShareClass4 2023-12-31 07594961 c:OrdinaryShareClass5 2024-01-01 2024-12-31 07594961 c:OrdinaryShareClass5 2024-12-31 07594961 c:OrdinaryShareClass5 2023-12-31 07594961 c:FRS102 2024-01-01 2024-12-31 07594961 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07594961 c:FullAccounts 2024-01-01 2024-12-31 07594961 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07594961 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-01 2024-12-31 07594961 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-12-31 07594961 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 07594961 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07594961









N&C BABBAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
N&C BABBAGE LIMITED
 
 
COMPANY INFORMATION


Directors
Mr N Babbage 
Mrs C Babbage 




Registered number
07594961



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
N&C BABBAGE LIMITED
 

CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 8


 
N&C BABBAGE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF N&C BABBAGE LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N&C Babbage Limited for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of N&C Babbage Limited, as a body, in accordance with the terms of our engagement letter dated 26 January 2024Our work has been undertaken solely to prepare for your approval the financial statements of N&C Babbage Limited and state those matters that we have agreed to state to the Board of Directors of N&C Babbage Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N&C Babbage Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that N&C Babbage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of N&C Babbage Limited. You consider that N&C Babbage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of N&C Babbage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
8 April 2025
Page 1

 
N&C BABBAGE LIMITED
REGISTERED NUMBER: 07594961

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
617,672
622,673

  
617,672
622,673

Current assets
  

Stocks
  
1,000
1,060

Debtors: amounts falling due within one year
 5 
18,204
9,189

Cash at bank and in hand
  
39,488
69,098

  
58,692
79,347

Creditors: amounts falling due within one year
 6 
(987,213)
(993,677)

Net current liabilities
  
 
 
(928,521)
 
 
(914,330)

Total assets less current liabilities
  
(310,849)
(291,657)

  

Net liabilities
  
(310,849)
(291,657)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(310,949)
(291,757)

  
(310,849)
(291,657)


Page 2

 
N&C BABBAGE LIMITED
REGISTERED NUMBER: 07594961
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr N Babbage
Director

Date: 8 April 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
N&C BABBAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares.  It is registered in England and Wales.  The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal place of business is Beeston Regis, Norfolk
The company's principle activity is that of the running of a tourist attraction. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company’s liabilities exceeded its assets by £310,849. With the continued support of the directors and providers of the loans, the directors believe that the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of admission fees, room hire, cafe and shop sales. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
N&C BABBAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the basis detailed below.

Asset category and basis:

Freehold property
-
0% straight line
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Property improvements
-
10% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to sell. Cost is based on the cost of purchase and other costs incurred in bringing stock to its present location and condition. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
N&C BABBAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments


The Company only enters into basic financial instruments 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 related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 12).

Page 6

 
N&C BABBAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Property improve-ments
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
581,627
82,487
6,495
61,714
732,323


Additions
-
4,995
-
621
5,616


Disposals
-
(4,566)
-
-
(4,566)



At 31 December 2024

581,627
82,916
6,495
62,335
733,373



Depreciation


At 1 January 2024
-
55,521
3,755
50,374
109,650


Charge for the year on owned assets
-
6,174
685
2,668
9,527


Disposals
-
(3,476)
-
-
(3,476)



At 31 December 2024

-
58,219
4,440
53,042
115,701



Net book value



At 31 December 2024
581,627
24,697
2,055
9,293
617,672



At 31 December 2023
581,627
26,966
2,740
11,340
622,673


5.


Debtors

2024
2023
£
£


Other debtors
7,007
5,141

Prepayments and accrued income
11,197
4,048

18,204
9,189


Page 7

 
N&C BABBAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,777
1,777

Other creditors
980,842
987,077

Accruals and deferred income
4,594
4,823

987,213
993,677



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



13 (2023 - 13) Ordinary 'A' share shares of £1.00 each
13
13
13 (2023 - 13) Ordinary 'B' share shares of £1.00 each
13
13
13 (2023 - 13) Ordinary 'C' share shares of £1.00 each
13
13
12 (2023 - 12) Ordinary 'D' share shares of £1.00 each
12
12
13 (2023 - 13) Ordinary 'E' share shares of £1.00 each
13
13
12 (2023 - 12) Ordinary 'F' share shares of £1.00 each
12
12
12 (2023 - 12) Ordinary 'G' share shares of £1.00 each
12
12
12 (2023 - 12) Ordinary 'H' share shares of £1.00 each
12
12

100

100



8.


Commitments, guarantees and contingencies

The company had total financial commitments, guarantees and contingencies which are not included in the balance sheet amounting to £6,834 (2023: £8,834). 


9.


Related party transactions

As at 31 December 2024, the company owed the directors £242,886 (2023: £272,886) as included within other creditors in note 6 to the financial statements. The loans are interest free and repayable on demand.
 

 
Page 8