Silverfin false false 31/12/2024 23/08/2023 31/12/2024 N L Lawton 23/08/2023 23 May 2025 The principal activity of the company during the financial period was that of a Holding Company. 15091557 2024-12-31 15091557 bus:Director1 2024-12-31 15091557 core:CurrentFinancialInstruments 2024-12-31 15091557 core:ShareCapital 2024-12-31 15091557 core:RetainedEarningsAccumulatedLosses 2024-12-31 15091557 2023-08-23 2024-12-31 15091557 bus:FilletedAccounts 2023-08-23 2024-12-31 15091557 bus:SmallEntities 2023-08-23 2024-12-31 15091557 bus:AuditExemptWithAccountantsReport 2023-08-23 2024-12-31 15091557 bus:PrivateLimitedCompanyLtd 2023-08-23 2024-12-31 15091557 bus:Director1 2023-08-23 2024-12-31 iso4217:GBP xbrli:pure

Company No: 15091557 (England and Wales)

NL RESOURCES LIMITED

Unaudited Financial Statements
For the financial period from 23 August 2023 to 31 December 2024
Pages for filing with the registrar

NL RESOURCES LIMITED

Unaudited Financial Statements

For the financial period from 23 August 2023 to 31 December 2024

Contents

NL RESOURCES LIMITED

BALANCE SHEET

As at 31 December 2024
NL RESOURCES LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024
£
Fixed assets
Investments 243,215
243,215
Current assets
Cash at bank and in hand 289,091
289,091
Creditors: amounts falling due within one year 3 ( 9,213)
Net current assets 279,878
Total assets less current liabilities 523,093
Net assets 523,093
Capital and reserves
Called-up share capital 100
Profit and loss account 522,993
Total shareholders' funds 523,093

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

Director's responsibilities:

The financial statements of NL Resources Limited (registered number: 15091557) were approved and authorised for issue by the Director on 23 May 2025. They were signed on its behalf by:

N L Lawton
Director
NL RESOURCES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 August 2023 to 31 December 2024
NL RESOURCES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 August 2023 to 31 December 2024
1. Accounting policies

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

General information and basis of accounting

NL Resources 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 Cridlands Kingswood, Stogumber, Taunton, TA4 3TP, 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 £.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
23.08.2023 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Creditors: amounts falling due within one year

31.12.2024
£
Taxation and social security 998
Other creditors 8,215
9,213