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REGISTERED NUMBER: 05233980 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

NG CLAPHAM LIMITED

NG CLAPHAM LIMITED (REGISTERED NUMBER: 05233980)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NG CLAPHAM LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: N M J Goble
K Goble





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 05233980 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NG CLAPHAM LIMITED (REGISTERED NUMBER: 05233980)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 37,545 36,291

CURRENT ASSETS
Debtors 5 89,930 46,741
Cash at bank and in hand 22,746 183,705
112,676 230,446
CREDITORS
Amounts falling due within one year 6 (484,461 ) (211,278 )
NET CURRENT (LIABILITIES)/ASSETS (371,785 ) 19,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

(334,240

)

55,459

PROVISIONS FOR LIABILITIES 8 - (5,720 )
NET (LIABILITIES)/ASSETS (334,240 ) 49,739

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (334,340 ) 49,639
SHAREHOLDERS' FUNDS (334,240 ) 49,739

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

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

The directors acknowledge their 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:



N M J Goble - Director


NG CLAPHAM LIMITED (REGISTERED NUMBER: 05233980)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

NG Clapham 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the fair value of consideration received or receivable excluding discounts, rebates, VAT and other sales taxes.

Sales commission is recognised when the exchange of contracts takes place; referral fees are recognised when received and rent management commission, fees and other income are recognised when the monies are transferred from the client money account.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Leasehold property - Straight line over 10 years
Fixtures and equipment - 25% reducing balance
Computer equipment - 33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments
Financial assets, 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 entity after deducting all of its financial liabilities.

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 balance sheet date.


NG CLAPHAM LIMITED (REGISTERED NUMBER: 05233980)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold equipment equipment Totals
£ £ £ £
COST
At 1 January 2024 14,040 9,899 15,015 38,954
Additions 7,753 4,459 (1 ) 12,211
Disposals - - (706 ) (706 )
At 31 December 2024 21,793 14,358 14,308 50,459
DEPRECIATION
At 1 January 2024 628 550 1,485 2,663
Charge for year 2,179 3,452 4,620 10,251
At 31 December 2024 2,807 4,002 6,105 12,914
NET BOOK VALUE
At 31 December 2024 18,986 10,356 8,203 37,545
At 31 December 2023 13,412 9,349 13,530 36,291

NG CLAPHAM LIMITED (REGISTERED NUMBER: 05233980)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 23,928
Other debtors 89,930 22,813
89,930 46,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 20,397 30,599
Taxation and social security 92,768 123,098
Other creditors 371,296 57,581
484,461 211,278

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 85,500 28,000
Between one and five years 268,170 102,794
353,670 130,794

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax - 5,720

Deferred tax
£
Balance at 1 January 2024 5,720
Accelerated capital allowances (5,720 )
Balance at 31 December 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

NG CLAPHAM LIMITED (REGISTERED NUMBER: 05233980)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
N M J Goble
Balance outstanding at start of year 50 -
Amounts advanced 10,455 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,505 50

During the period the director was loaned £10,455 (2023: £50). There was interest incurred on the outstanding loan of £219 (2023: nil). Interest is calculated at HMRC's official rate of interest of 2.25%.

11. RELATED PARTY DISCLOSURES

DHE Developments Limited

K Goble and N Goble are directors of both companies.

During the year DHE Developments Limited loaned the company £8,843 (2023: £30,563), and the company repaid DHE Developments Limited £9,252 (2023: nil). At the balance sheet date, the company owed DHE Developments Limited £30,154 (2023: 30,563).

This loan is interest-free and repayable on demand.