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Company Registration No. 13580611 (England and Wales)
Nifty Ltd Unaudited accounts for the year ended 31 August 2024
Nifty Ltd Unaudited accounts Contents
Page
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Nifty Ltd Company Information for the year ended 31 August 2024
Director
Ivison, Andrew
Company Number
13580611 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Nifty Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
56,872 
62,672 
Tangible assets
2,150 
3,209 
59,022 
65,881 
Current assets
Debtors
6,733 
6,614 
Cash at bank and in hand
8 
19 
6,741 
6,633 
Creditors: amounts falling due within one year
(251,609)
(250,809)
Net current liabilities
(244,868)
(244,176)
Total assets less current liabilities
(185,846)
(178,295)
Creditors: amounts falling due after more than one year
(639,862)
(639,862)
Net liabilities
(825,708)
(818,157)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(825,808)
(818,257)
Shareholders' funds
(825,708)
(818,157)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2025 and were signed on its behalf by
Ivison, Andrew Director Company Registration No. 13580611
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Nifty Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Nifty Ltd is a private company, limited by shares, registered in England and Wales, registration number 13580611. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Nifty Ltd Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
72,500 
At 31 August 2024
72,500 
Amortisation
At 1 September 2023
9,828 
Charge for the year
5,800 
At 31 August 2024
15,628 
Net book value
At 31 August 2024
56,872 
At 31 August 2023
62,672 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
5,356 
At 31 August 2024
5,356 
Depreciation
At 1 September 2023
2,147 
Charge for the year
1,059 
At 31 August 2024
3,206 
Net book value
At 31 August 2024
2,150 
At 31 August 2023
3,209 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,733 
6,614 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
251,109 
250,309 
Accruals
500 
500 
251,609 
250,809 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
639,862 
639,862 
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Nifty Ltd Notes to the Accounts for the year ended 31 August 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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