NAL21 Limited 13675331 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is service activities incidental to air transportation Digita Accounts Production Advanced 6.30.9574.0 true true 13675331 2023-11-01 2024-10-31 13675331 2024-10-31 13675331 bus:OrdinaryShareClass1 2024-10-31 13675331 core:RetainedEarningsAccumulatedLosses 2024-10-31 13675331 core:ShareCapital 2024-10-31 13675331 core:CurrentFinancialInstruments 2024-10-31 13675331 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 13675331 core:Non-currentFinancialInstruments 2024-10-31 13675331 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 13675331 core:FurnitureFittingsToolsEquipment 2024-10-31 13675331 bus:SmallEntities 2023-11-01 2024-10-31 13675331 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13675331 bus:FilletedAccounts 2023-11-01 2024-10-31 13675331 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13675331 bus:RegisteredOffice 2023-11-01 2024-10-31 13675331 bus:Director1 2023-11-01 2024-10-31 13675331 bus:Director2 2023-11-01 2024-10-31 13675331 bus:Director3 2023-11-01 2024-10-31 13675331 bus:Director4 2023-11-01 2024-10-31 13675331 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 13675331 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13675331 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 13675331 core:OfficeEquipment 2023-11-01 2024-10-31 13675331 countries:England 2023-11-01 2024-10-31 13675331 2023-10-31 13675331 core:FurnitureFittingsToolsEquipment 2023-10-31 13675331 2022-11-01 2023-10-31 13675331 2023-10-31 13675331 bus:OrdinaryShareClass1 2023-10-31 13675331 core:RetainedEarningsAccumulatedLosses 2023-10-31 13675331 core:ShareCapital 2023-10-31 13675331 core:CurrentFinancialInstruments 2023-10-31 13675331 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 13675331 core:Non-currentFinancialInstruments 2023-10-31 13675331 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 13675331 core:FurnitureFittingsToolsEquipment 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13675331

NAL21 Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

NAL21 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

NAL21 Limited

Company Information

Directors

Mr Andrew Richard Howe Smith

Mrs Samantha Joan Smith

Mr Nicholas Rory Hapelt Smith

Mr Graeme Colin Smith

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

NAL21 Limited

(Registration number: 13675331)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,917,301

4,206,655

Current assets

 

Debtors

5

28,395

18,059

Cash at bank and in hand

 

33,575

33,296

 

61,970

51,355

Creditors: Amounts falling due within one year

6

(135,249)

(29,082)

Net current (liabilities)/assets

 

(73,279)

22,273

Total assets less current liabilities

 

4,844,022

4,228,928

Creditors: Amounts falling due after more than one year

6

(8,275,810)

(5,565,388)

Net liabilities

 

(3,431,788)

(1,336,460)

Capital and reserves

 

Called up share capital

7

300

300

Retained earnings

(3,432,088)

(1,336,760)

Shareholders' deficit

 

(3,431,788)

(1,336,460)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

 

NAL21 Limited

(Registration number: 13675331)
Balance Sheet as at 31 October 2024

.........................................
Mrs Samantha Joan Smith
Director

 

NAL21 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

NAL21 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

NAL21 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

NAL21 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

4,206,914

4,206,914

Revaluations

(1,002,783)

(1,002,783)

Additions

1,741,142

1,741,142

Disposals

(21,545)

(21,545)

At 31 October 2024

4,923,728

4,923,728

Depreciation

At 1 November 2023

260

260

Charge for the year

6,167

6,167

At 31 October 2024

6,427

6,427

Carrying amount

At 31 October 2024

4,917,301

4,917,301

At 31 October 2023

4,206,655

4,206,655

5

Debtors

Current

2024
£

2023
£

Trade debtors

17,300

-

Other debtors

11,095

18,059

 

28,395

18,059

 

NAL21 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

131,689

27,582

Taxation and social security

2,060

-

Accruals and deferred income

1,500

1,500

135,249

29,082

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,275,810

5,565,388

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

300

300

300

300

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,275,810

5,565,388