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REGISTERED NUMBER: 13661114 (England and Wales)















NATTERGAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






NATTERGAL LIMITED (REGISTERED NUMBER: 13661114)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


NATTERGAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P G Davies
C R Burrell
D Mulder
R W Taylor
K O Brien
A J Struthers
S L Payne


REGISTERED OFFICE: C/O External Services Limited
20 Central Avenue
St Andrews Business Park
Norwich
NR7 0HR


REGISTERED NUMBER: 13661114 (England and Wales)


SENIOR STATUTORY AUDITOR: Theo Banos BA FCA


AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3 Castlegate
Grantham
Lincolnshire
NG31 6SF


BANKERS: HSBC Bank Plc
69 Pall Mall,
London
SW1Y 5EY

NATTERGAL LIMITED (REGISTERED NUMBER: 13661114)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,589 9,956
Investments 5 118,978 118,975
133,567 128,931

CURRENT ASSETS
Debtors 6 31,429,855 21,431,377
Cash at bank and in hand 6,659,293 1,379,817
38,089,148 22,811,194
CREDITORS
Amounts falling due within one year 7 113,387 181,742
NET CURRENT ASSETS 37,975,761 22,629,452
TOTAL ASSETS LESS CURRENT LIABILITIES 38,109,328 22,758,383

CAPITAL AND RESERVES
Called up share capital 8 506 341
Share premium 39,985,107 24,096,359
Retained earnings (1,876,285 ) (1,338,317 )
SHAREHOLDERS' FUNDS 38,109,328 22,758,383

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 Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





S L Payne - Director


NATTERGAL LIMITED (REGISTERED NUMBER: 13661114)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Nattergal Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company information page.

The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each financial reporting date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

NATTERGAL LIMITED (REGISTERED NUMBER: 13661114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Basis of consolidation
The company has not prepared group accounts as it qualified as a small sized group and as such has taken advantage of exemption from preparing group accounts under section 398 Companies Act 2006. These accounts therefore only relate to the parent undertaking.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 11,400
Additions 11,183
At 31 December 2024 22,583
DEPRECIATION
At 1 January 2024 1,444
Charge for year 6,550
At 31 December 2024 7,994
NET BOOK VALUE
At 31 December 2024 14,589
At 31 December 2023 9,956

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2024 2 118,973 118,975
Additions 3 - 3
At 31 December 2024 5 118,973 118,978
NET BOOK VALUE
At 31 December 2024 5 118,973 118,978
At 31 December 2023 2 118,973 118,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 31,406,759 21,430,162
VAT 5,380 -
Prepayments and accrued income 17,716 1,215
31,429,855 21,431,377

NATTERGAL LIMITED (REGISTERED NUMBER: 13661114)

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 6,520 14,984
Other taxes and social security 49,537 26,914
Accruals and deferred income 57,330 139,844
113,387 181,742

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
556 Growth 1p 6 -

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary shares 10p 500 341

The following shares were allotted at par during the year:

1,588 Ordinary shares of 10p each
556 Growth shares of 1p each

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Theo Banos BA FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor