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Registered number: 08935315
NNT Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08935315
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,375 89,073
Investments 5 6,407,111 10,000
6,448,486 99,073
CURRENT ASSETS
Debtors 6 353,561 17,923
Cash at bank and in hand 54,139 36,899
407,700 54,822
Creditors: Amounts Falling Due Within One Year 7 (385,491 ) (24,411 )
NET CURRENT ASSETS (LIABILITIES) 22,209 30,411
TOTAL ASSETS LESS CURRENT LIABILITIES 6,470,695 129,484
Creditors: Amounts Falling Due After More Than One Year 8 (1,943,412 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,768 ) (10,511 )
NET ASSETS 4,521,515 118,973
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 4,521,415 118,873
SHAREHOLDERS' FUNDS 4,521,515 118,973
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr N J Terry
Director
25 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NNT Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08935315 . The registered office is 8 Hills Court, Sleaford, Lincolnshire, NG34 7EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Financial Instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost.  Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments' disclosure definition.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Consolidation
The company and its subsidiaries comprise a small group.  The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 4)
2 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 76,189 44,995 38,863 160,047
Additions - - 673 673
Disposals - (44,995 ) - (44,995 )
As at 31 March 2025 76,189 - 39,536 115,725
Depreciation
As at 1 April 2024 41,430 8,985 20,559 70,974
Provided during the period 7,617 - 4,744 12,361
Disposals - (8,985 ) - (8,985 )
As at 31 March 2025 49,047 - 25,303 74,350
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2025 27,142 - 14,233 41,375
As at 1 April 2024 34,759 36,010 18,304 89,073
5. Investments
Subsidiaries Unlisted Total
£ £ £
Cost
As at 1 April 2024 - 10,000 10,000
Additions 6,397,111 - 6,397,111
As at 31 March 2025 6,397,111 10,000 6,407,111
Provision
As at 1 April 2024 - - -
As at 31 March 2025 - - -
Net Book Value
As at 31 March 2025 6,397,111 10,000 6,407,111
As at 1 April 2024 - 10,000 10,000
During the year the company acquired the entire issued share capital of K2B Holdings Limited.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 353,561 17,679
Other debtors - 244
353,561 17,923
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 248,231 -
Other creditors 1,894 1,557
Taxation and social security 135,366 22,854
385,491 24,411
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 1,943,412 -
Other loans are securred by way of a fixed legal charge.
9. Secured Creditors
Of the creditors the following amounts are secured by way of a fixed charge registed at Companies House.  A fixed charge is also registed over K2B Holidings Limited and K2B Limited in respect of this debt.
2025 2024
£ £
Other Creditors 2,191,643 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Controlling Party
The company is controlled by Mr N Terry and Mrs N Terry by virtue of their ownership of 100% of the issued share capital in the company.
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