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Registered number: 00285372










NETHERTON BUILDING AND CONSTRUCTION COMPANY LIMITED










Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
NETHERTON BUILDING AND CONSTRUCTION COMPANY LIMITED
Registered number: 00285372

Balance Sheet
As at 30 June 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
131,263
135,834

Cash at bank and in hand
  
3,495
11,173

  
134,758
147,007

Creditors: amounts falling due within one year
 5 
(208,964)
(204,550)

Net current liabilities
  
 
 
(74,206)
 
 
(57,543)

Total assets less current liabilities
  
(74,206)
(57,543)

  

Net liabilities
  
(74,206)
(57,543)


Capital and reserves
  

Called up share capital 
 6 
10,010
10,010

Profit and loss account
  
(84,216)
(67,553)

  
(74,206)
(57,543)


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 on 25 June 2025.




K Drazdzewska
Director
Date:

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
NETHERTON BUILDING AND CONSTRUCTION COMPANY LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

1.


General information

Netherton Building and Construction Company Limited is a private company limited by shares and iincorporated in England and Wales. The company registered number is 00285372 and its registered head office is located at Environment House, 1 St. Marks Street, Nottingham, NG3 1DE.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling which is the functional currency of the company and are rounded to the nearest £1.
The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net liabilities and is therefore reliant upon the continuing support of group and related undertakings in order to meet its financial obligations as they fall due. The Company has received confirmation from these related companies that this financial support will be provided for a period not less than 12 months from the approval of these financial statements. As such the directors believe the Company to be a going concern and the financial statements have been prepared on a going concern basis. 

 
2.3

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. 
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 
the amont of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting date can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Revenue from project management fees is recognised as costs are incurred.

 
2.4

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.

Page 2

 
NETHERTON BUILDING AND CONSTRUCTION COMPANY LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.5

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.


3.


Employees

The Company has no employees other than directors, who did not receive any remuneration (2023: £nil).


4.


Debtors

2024
2023
£
£


Trade debtors
-
5,000

Amounts owed by related undertakings
130,452
130,622

Other debtors
380
-

Prepayments and accrued income
431
212

131,263
135,834



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,865
-

Amounts owed to group undertakings
197,464
196,923

Other taxation and social security
-
44

Other creditors
1,796
2,392

Accruals and deferred income
6,839
5,191

208,964
204,550



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,010 (2023 - 10,010) Ordinary shares shares of £1.00 each
10,010
10,010


Page 3

 
NETHERTON BUILDING AND CONSTRUCTION COMPANY LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

7.


Related party transactions

The Company has taken advantage of the exemptions available under FRS 102 Section 33 from disclosing transactions with other members of the group, where all subsidiaries are wholly owned.




2024
2023
£
£

Amounts owed by related undertakings


Mellham Limited
118,414
118,414

Pipestone Limited
-
12,200

Hollow Oak Limited
-
8

Donlow Fininvest Limited
12,038
-

130,452
130,622

During the year the Company made sales of £2,369 to Hollow Oak Limited and £38 to Donlow Fininvest Limited.




2024
2023
£
£

Amounts owed to related undertakings


Melham Group Limited
196,923
196,923

Purico Limited
541
-

197,464
196,923

During the year the Company were recharged expenses of £541 by Purico Limited.


8.


Controlling party

The Company's immediate and ultimate parent undertaking is Melham Group Limited.
The ultimate controlling party is Mr N R Puri.

9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 26 June 2025 by James Bagley (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 4