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Registered Number: 12852446
England and Wales

 

 

 

NATION ENERGY LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 4,300    79,300 
Tangible fixed assets 4 214    305 
4,514    79,605 
Current assets      
Debtors   706 
Cash at bank and in hand 3,875    6,292 
3,875    6,998 
Creditors: amount falling due within one year (52,171)   (129,061)
Net current assets (48,296)   (122,063)
 
Total assets less current liabilities (43,782)   (42,458)
Net assets (43,782)   (42,458)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (43,882)   (42,558)
Shareholders' funds (43,782)   (42,458)
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 May 2025 and were signed on its behalf by:


-------------------------------
Beecham Koonjah
Director
1
General Information
NATION ENERGY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12852446, registration address 7 Bell Yard, London, United Kingdom, WC2A 2JR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licence
Licence are stated at cost less amortisation. Amortisation of licence is calculated on a straight line basis over the life of the licence. Amortisation of license is calculated on a straight line basis over the estimated expected useful economic life of the license of 20 years.
Company will start amortizing the license cost once it starts commercial operation.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 30% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost License   Total
  £   £
At 01 October 2023 79,300    79,300 
Additions  
Disposals (75,000)   (75,000)
At 30 September 2024 4,300    4,300 
Net book values
At 30 September 2024 4,300    4,300 
At 30 September 2023 79,300    79,300 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 October 2023 621    621 
Additions  
Disposals  
At 30 September 2024 621    621 
Depreciation
At 01 October 2023 316    316 
Charge for year 91    91 
On disposals  
At 30 September 2024 407    407 
Net book values
Closing balance as at 30 September 2024 214    214 
Opening balance as at 01 October 2023 305    305 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2