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REGISTERED NUMBER: 02022536 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NICHOLAS HERBERT LTD

NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


NICHOLAS HERBERT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Mr E N D Herbert





REGISTERED OFFICE: 118 Lots Road
London
SW10 0RJ





REGISTERED NUMBER: 02022536 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NICHOLAS HERBERT LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nicholas Herbert Ltd for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nicholas Herbert Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nicholas Herbert Ltd and state those matters that we have agreed to state to the director of Nicholas Herbert Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nicholas Herbert Ltd and its director for our work or for this report.

It is your duty to ensure that Nicholas Herbert 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 Nicholas Herbert Ltd. You consider that Nicholas Herbert Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nicholas Herbert 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.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


24 June 2025

NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,618 7,110
Investments 5 522,073 371,673
527,691 378,783

CURRENT ASSETS
Stocks 6 167,713 142,962
Debtors 7 54,364 59,154
Cash at bank and in hand 774,653 768,507
996,730 970,623
CREDITORS
Amounts falling due within one year 8 120,744 124,312
NET CURRENT ASSETS 875,986 846,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,403,677

1,225,094

PROVISIONS FOR LIABILITIES 1,404 1,316
NET ASSETS 1,402,273 1,223,778

CAPITAL AND RESERVES
Called up share capital 10 80,805 80,805
Share premium 1,124 1,124
Fair value reserve (693 ) 475
Retained earnings 1,321,037 1,141,374
SHAREHOLDERS' FUNDS 1,402,273 1,223,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 director and authorised for issue on 24 June 2025 and were signed by:





Mr E N D Herbert - Director


NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

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


1. STATUTORY INFORMATION

Nicholas Herbert Ltd is a private company, limited by shares and incorporated in England & Wales. The address of the company's registered office is 118 Lots Road, London, SW10 0RJ. The registered number is .
02022536.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

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

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 as modified by the revaluation of certain assets.

Turnover
Turnover from the sale of goods is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - reducing balance - 15%
Computer equipment - straight line - 33%

Investments
Investments are initially recognised at fair value which is usually the transaction price. Subsequently, the investments are measured at fair value through profit or loss except for those investments which cannot be publicly traded or where fair value cannot be reliably measured.

If reliable measurement of fair value cannot be obtained or this measure is no longer available, the investment's cost is deemed to be the fair value at the last point to which a reliable measurement was obtained. These instruments are recognised at cost less impairment until a reliable measure of fair value becomes available.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 124,911
DEPRECIATION
At 1 April 2024 117,801
Charge for year 1,492
At 31 March 2025 119,293
NET BOOK VALUE
At 31 March 2025 5,618
At 31 March 2024 7,110

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2024 371,673
Additions 467,830
Disposals (320,047 )
Revaluations 2,617
At 31 March 2025 522,073
NET BOOK VALUE
At 31 March 2025 522,073
At 31 March 2024 371,673

In respect of the fixed assets stated at valuation, the comparable historical cost values are as follows:

2025 2024
£ £

Historical cost 522,595 371,198

6. STOCKS
2025 2024
£    £   
Stocks 167,713 142,962

NICHOLAS HERBERT LTD (REGISTERED NUMBER: 02022536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 47,898 51,528
Other debtors 6,466 7,626
54,364 59,154

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 45,399 47,463
Taxation and social security 62,025 57,038
Other creditors 13,320 19,811
120,744 124,312

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 30,000 8,333
Between one and five years 85,000 -
115,000 8,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
Value: £ £
68,735 Ordinary £1 68,735 68,735
9,070 Ordinary A £1 9,070 9,070
1,500 Ordinary B £1 1,500 3,000
1,500 Ordinary C £1 1,500 -
80,805 80,805

During the year the company reclassified 1,500 of the Ordinary B shares as Ordinary C shares.