Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-05-132025-03-312025-05-13The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity2015falsetruefalse 14731825 2024-04-01 2025-03-31 14731825 2023-03-15 2024-03-31 14731825 2025-03-31 14731825 2024-03-31 14731825 c:Director1 2024-04-01 2025-03-31 14731825 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 14731825 d:Buildings d:ShortLeaseholdAssets 2025-03-31 14731825 d:Buildings d:ShortLeaseholdAssets 2024-03-31 14731825 d:FurnitureFittings 2024-04-01 2025-03-31 14731825 d:FurnitureFittings 2025-03-31 14731825 d:FurnitureFittings 2024-03-31 14731825 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14731825 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14731825 d:Goodwill 2024-04-01 2025-03-31 14731825 d:Goodwill 2025-03-31 14731825 d:Goodwill 2024-03-31 14731825 d:CurrentFinancialInstruments 2025-03-31 14731825 d:CurrentFinancialInstruments 2024-03-31 14731825 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 14731825 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14731825 d:ShareCapital 2025-03-31 14731825 d:ShareCapital 2024-03-31 14731825 d:RetainedEarningsAccumulatedLosses 2025-03-31 14731825 d:RetainedEarningsAccumulatedLosses 2024-03-31 14731825 c:OrdinaryShareClass1 2024-04-01 2025-03-31 14731825 c:OrdinaryShareClass1 2025-03-31 14731825 c:OrdinaryShareClass1 2024-03-31 14731825 c:FRS102 2024-04-01 2025-03-31 14731825 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14731825 c:FullAccounts 2024-04-01 2025-03-31 14731825 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14731825 2 2024-04-01 2025-03-31 14731825 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 14731825 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14731825









NANEK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
NANEK LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NANEK LTD
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NANEK LTD for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of NANEK LTD in accordance with the terms of our engagement letter dated 10 July 2023Our work has been undertaken solely to prepare for your approval the financial statements of NANEK LTD and state those matters that we have agreed to state to the director of NANEK LTD in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NANEK LTD and its director for our work or for this report. 

It is your duty to ensure that NANEK LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NANEK LTD. You consider that NANEK LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of NANEK LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
291 Green Lanes
London
N13 4XS
13 May 2025
Page 1

 
NANEK LTD
REGISTERED NUMBER: 14731825

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
36,000
48,000

Tangible assets
 5 
71,531
94,822

  
107,531
142,822

Current assets
  

Stocks
  
10,330
10,240

Debtors: amounts falling due within one year
 6 
65,334
20,359

Cash at bank and in hand
 7 
108,920
21,524

  
184,584
52,123

Creditors: amounts falling due within one year
 8 
(291,639)
(192,489)

Net current liabilities
  
 
 
(107,055)
 
 
(140,366)

Total assets less current liabilities
  
476
2,456

  

Net assets
  
476
2,456


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
376
2,356

  
476
2,456


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Page 2

 
NANEK LTD
REGISTERED NUMBER: 14731825
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025



Neslihan Ozdas
Director

Date: 13 May 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
NANEK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Nanek Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 14731825. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
NANEK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
NANEK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on either a straight-line or a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
S/L over 5 years
Fixtures and fittings
-
25% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

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 at an annual general meeting.

Page 6

 
NANEK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2024 - 15).


4.


Intangible assets



Goodwill

£



Cost


At 1 April 2024
60,000



At 31 March 2025

60,000



Amortisation


At 1 April 2024
12,000


Charge for the year on owned assets
12,000



At 31 March 2025

24,000



Net book value



At 31 March 2025
36,000



Page 7

 
NANEK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2024
106,709
12,606
119,315


Additions
-
554
554



At 31 March 2025

106,709
13,160
119,869



Depreciation


At 1 April 2024
21,342
3,152
24,494


Charge for the year on owned assets
21,342
2,502
23,844



At 31 March 2025

42,684
5,654
48,338



Net book value



At 31 March 2025
64,025
7,506
71,531


6.


Debtors

2025
2024
£
£


Other debtors
65,334
20,359

65,334
20,359



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
108,920
21,524

Less: bank overdrafts
(66,960)
-

41,960
21,524


Page 8

 
NANEK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
66,960
-

Other loans
-
11,047

Trade creditors
110,740
91,634

Corporation tax
47,666
15,575

Other taxation and social security
53,101
61,653

Other creditors
11,062
10,596

Accruals and deferred income
2,110
1,984

291,639
192,489



9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

Included within Current Assets at the year end is a debit amount of £48,848 (2024: £20,357), due to the company from the director. The amount drawn during the year was £28,491. The amount repaid during the year was £NIL. This loan is interest chargable and repayable on demand.

 
Page 9