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Company No: 12250652 (England and Wales)

NOSTOS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

NOSTOS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

NOSTOS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
NOSTOS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS G R W J Newbold
Dr M C T J Newbold
SECRETARY Dr M C T J Newbold
REGISTERED OFFICE 45 Gresham Street
London
EC2V 7BG
United Kingdom
COMPANY NUMBER 12250652 (England and Wales)
ACCOUNTANT S&W Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
NOSTOS LIMITED

BALANCE SHEET

As at 31 July 2024
NOSTOS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 836,676 836,676
836,676 836,676
Creditors: amounts falling due within one year 4 ( 47,243) ( 41,383)
Net current liabilities (47,243) (41,383)
Total assets less current liabilities 789,433 795,293
Net assets 789,433 795,293
Capital and reserves
Called-up share capital 835,176 835,176
Profit and loss account ( 45,743 ) ( 39,883 )
Total shareholders' funds 789,433 795,293

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Nostos Limited (registered number: 12250652) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

Dr M C T J Newbold
Director
NOSTOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
NOSTOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nostos Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Nostos Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at mortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 836,676
At 31 July 2024 836,676
Carrying value at 31 July 2024 836,676
Carrying value at 31 July 2023 836,676

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,458 1,366
Amounts owed to Group undertakings (note 5) 41,410 37,285
Other creditors 4,375 2,732
47,243 41,383

5. Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.