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REGISTERED NUMBER: 05170369 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Negomi Associates Limited

Negomi Associates Limited (Registered number: 05170369)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Negomi Associates Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P Davies





SECRETARY: S Cook





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 05170369 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Negomi Associates Limited (Registered number: 05170369)

Abridged Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,347 620
Investment property 5 750,000 765,000
752,347 765,620

CURRENT ASSETS
Debtors 42,759 13,859
Cash at bank 175,412 206,556
218,171 220,415
CREDITORS
Amounts falling due within one year 2,559 820
NET CURRENT ASSETS 215,612 219,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,959

985,215

PROVISIONS FOR LIABILITIES 11,479 14,000
NET ASSETS 956,480 971,215

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value
reserve 6 76,468 88,618
Retained earnings 880,010 882,595
SHAREHOLDERS' FUNDS 956,480 971,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Negomi Associates Limited (Registered number: 05170369)

Abridged Statement of Financial Position - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





P Davies - Director


Negomi Associates Limited (Registered number: 05170369)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Negomi Associates Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

Negomi Associates Limited (Registered number: 05170369)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 3,047
Additions 2,041
At 31 July 2024 5,088
DEPRECIATION
At 1 August 2023 2,427
Charge for year 314
At 31 July 2024 2,741
NET BOOK VALUE
At 31 July 2024 2,347
At 31 July 2023 620

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 765,000
Revaluations (15,000 )
At 31 July 2024 750,000
NET BOOK VALUE
At 31 July 2024 750,000
At 31 July 2023 765,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2014 23,844
Valuation in 2015 10,000
Valuation in 2016 55,882
Valuation in 2018 (15,000 )
Valuation in 2019 (61,440 )
Valuation in 2020 4,919
Valuation in 2021 35,000
Valuation in 2022 115,000
Valuation in 2023 (60,000 )
Valuation in 2024 (15,000 )
Cost 656,795
750,000

Investment properties were valued on an open market basis on 31 July 2024 by the director .

Negomi Associates Limited (Registered number: 05170369)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. RESERVES
Fair
value
reserve
£   
At 1 August 2023 88,618
Fair value adjustment (12,150 )

At 31 July 2024 76,468

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
P Davies
Balance outstanding at start of year 13,600 -
Amounts advanced 42,269 13,600
Amounts repaid (13,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,269 13,600