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REGISTERED NUMBER: 15007244 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

17TH JULY 2023 TO 31ST DECEMBER 2024

FOR

NEXT365 LTD

NEXT365 LTD (REGISTERED NUMBER: 15007244)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEXT365 LTD

COMPANY INFORMATION
FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024







DIRECTORS: K G Garvner
J V Larsen





REGISTERED OFFICE: 118 Pall Mall
London
SW1Y 5EA





REGISTERED NUMBER: 15007244 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

NEXT365 LTD (REGISTERED NUMBER: 15007244)

BALANCE SHEET
31ST DECEMBER 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,575

CURRENT ASSETS
Debtors 5 102,098
Cash at bank 16,725
118,823
CREDITORS
Amounts falling due within one year 6 980,198
NET CURRENT LIABILITIES (861,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(854,800

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (854,900 )
(854,800 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NEXT365 LTD (REGISTERED NUMBER: 15007244)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th July 2025 and were signed on its behalf by:




K G Garvner - Director



J V Larsen - Director


NEXT365 LTD (REGISTERED NUMBER: 15007244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Next365 Ltd 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.

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.

Going concern
The directors assess whether the use of the going concern basis is appropriate and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. Having reviewed the future projected cash flows, the directors have a reasonable expectation that the company has adequate resources to continue its activities for the foreseeable future. The directors have considered the level of reserves held and the expected level of income and expenditure for a period of twelve months from approval of these financial statements. The directors therefore continue to adopt the going concern basis. Furthermore, the support currently being provided to the company by its parent company is confirmed to continue to be made available for the foreseeable future.

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

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 etc - 50% on cost

Taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 contributes to personal pension schemes for directors and employees. The assets of the schemes are held by independent pension providers. The amount charged to the profit and loss account is the contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

NEXT365 LTD (REGISTERED NUMBER: 15007244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17TH JULY 2023 TO 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 10,027
At 31st December 2024 10,027
DEPRECIATION
Charge for period 3,452
At 31st December 2024 3,452
NET BOOK VALUE
At 31st December 2024 6,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 100,796
Other debtors 1,302
102,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 615
Amounts owed to group undertakings 879,979
Taxation and social security 79,325
Other creditors 20,279
980,198

The amounts owed to group undertakings are interest free during the period ended 31st December 2024. Interest will accrue from 1st January 2025. The amounts owed are unsecured and repayable when certain trading conditions are met.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Next365 Global AB.

The company is a subsidiary of Next365 Global AB, a company registered in Sweden under number 559086-5027,
with Registered Offices at CNG 557-4 Billo, 106 46 Stockholm, Sweden. The principal place of business is Grev
Turegatan 30, 114 38 Stockholm, Sweden.