| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Nallum Holdings Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Nallum Holdings Limited |
| Nallum Holdings Limited (Registered number: 12264167) |
| 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 |
| Nallum Holdings Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Nallum Holdings Limited (Registered number: 12264167) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| Nallum Holdings Limited (Registered number: 12264167) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Nallum Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| 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. |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| The company did not trade during the year only received dividends from its wholly owned subsidiary. |
| Group accounts not prepared |
| The group comprises a small group and has therefore applied the exemption not to prepare group accounts on the basis of its size. |
| Judgements |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Profit and Loss and Retained Earnings, 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. |
| 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. |
| Nallum Holdings Limited (Registered number: 12264167) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Unit 1 The Cam Centre, Wilbury Way, Hitchin, Herts, SG40TW |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Unit 1 The Cam Centre, Wilbury Way, Hitchin, Herts, SG40TW |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Unit 1 The Cam Centre, Wilbury Way, Hitchin, Herts, SG40TW |
| Nature of business: |
| % |
| Class of shares: | holding |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 2024 | 2023 |
| £ | £ |
| Shares in group undertakings |
| Nallum Holdings Limited (Registered number: 12264167) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary share class 1 | 1 | 2,000 | 2,000 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| At the balance sheet date the company was owed £1,117,652 (2023: £1,117,652) from Glenullin Limited, a wholly owned subsidiary. This amount is repayable on demand and no interest is being charged. |
| At the balance sheet date the company was owed £100 (2023: £100) from BLM Plant Hire Limited, a wholly owned subsidiary. This amount is repayable on demand and no interest is being charged. |
| At the balance sheet date the company owed £188,245 (2023: £100) to Mullan Groundworks & Civil Engineering Limited a wholly owned subsidiary. This amount is repayable on demand and no interest is being charged. |
| Summary of transactions with other related parties |
| At the balance sheet date the company was owed £21,650 (2023: £21,350 to) by Mr B Mullan the sole director and share holder of the company. This balance is cleared within 9 months of the year end and there are no terms of repayment oir interest charged on this loan. |
| Included in other debtors is £299,240 (2023 £299,240) owed to the company from H&E Homes Limited, this company is connected by way of a common director, Mr B Mullan. These loans are interest free and there are repayable on demand. |