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Company No: 04842860 (England and Wales)

NAKED OBJECTS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

NAKED OBJECTS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

NAKED OBJECTS GROUP LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
NAKED OBJECTS GROUP LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTORS A.K.I.Pawson
A.R.Pawson
G.D.Pawson
R.W.Pawson
SECRETARY A.K.I.Pawson
REGISTERED OFFICE Chiltern House
45 Station Road
Henley On Thames
RG9 1AT
United Kingdom
COMPANY NUMBER 04842860 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
NAKED OBJECTS GROUP LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
NAKED OBJECTS GROUP LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 135 414
135 414
Current assets
Debtors 4 420 824
Cash at bank and in hand 5 99,627 106,115
100,047 106,939
Creditors: amounts falling due within one year 6 ( 30,053) ( 30,771)
Net current assets 69,994 76,168
Total assets less current liabilities 70,129 76,582
Net assets 70,129 76,582
Capital and reserves
Called-up share capital 7 350 350
Capital redemption reserve 550 550
Profit and loss account 69,229 75,682
Total shareholders' funds 70,129 76,582

For the financial year ending 31 December 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 Naked Objects Group Limited (registered number: 04842860) were approved and authorised for issue by the Board of Directors on 10 May 2025. They were signed on its behalf by:

A.K.I.Pawson
Director
NAKED OBJECTS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
NAKED OBJECTS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

Naked Objects Group 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 Chiltern House, 45 Station Road, Henley On Thames, RG9 1AT, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 January 2024 812 20,542 21,354
At 31 December 2024 812 20,542 21,354
Accumulated depreciation
At 01 January 2024 796 20,144 20,940
Charge for the financial year 4 275 279
At 31 December 2024 800 20,419 21,219
Net book value
At 31 December 2024 12 123 135
At 31 December 2023 16 398 414

4. Debtors

31.12.2024 31.12.2023
£ £
Prepayments 274 461
VAT recoverable 146 98
Corporation tax 0 265
420 824

5. Cash and cash equivalents

31.12.2024 31.12.2023
£ £
Cash at bank and in hand 9,276 25,357
Short-term deposits 90,351 80,758
99,627 106,115

6. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Amounts owed to directors 240 0
Accruals and deferred income 28,340 29,774
Taxation and social security 1,473 997
30,053 30,771

7. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
3,500,000 A ordinary shares of £ 0.005 each 350 350