Nathu Limited 02109889 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the operation of a Retirement Home Digita Accounts Production Advanced 6.30.9574.0 true 02109889 2023-10-01 2024-09-30 02109889 2024-09-30 02109889 core:OtherMiscellaneousReserve 2024-09-30 02109889 core:RetainedEarningsAccumulatedLosses 2024-09-30 02109889 core:ShareCapital 2024-09-30 02109889 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-09-30 02109889 core:CurrentFinancialInstruments 2024-09-30 02109889 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 02109889 core:Goodwill 2024-09-30 02109889 core:FurnitureFittings 2024-09-30 02109889 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 02109889 core:MotorVehicles 2024-09-30 02109889 core:OfficeEquipment 2024-09-30 02109889 core:PlantMachinery 2024-09-30 02109889 bus:SmallEntities 2023-10-01 2024-09-30 02109889 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02109889 bus:FullAccounts 2023-10-01 2024-09-30 02109889 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02109889 bus:RegisteredOffice 2023-10-01 2024-09-30 02109889 bus:Director1 2023-10-01 2024-09-30 02109889 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02109889 bus:Agent1 2023-10-01 2024-09-30 02109889 1 2023-10-01 2024-09-30 02109889 core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 02109889 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 02109889 core:ShareCapital 2023-10-01 2024-09-30 02109889 core:Goodwill 2023-10-01 2024-09-30 02109889 core:FurnitureFittings 2023-10-01 2024-09-30 02109889 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02109889 core:MotorVehicles 2023-10-01 2024-09-30 02109889 core:OfficeEquipment 2023-10-01 2024-09-30 02109889 core:PlantMachinery 2023-10-01 2024-09-30 02109889 core:Vehicles 2023-10-01 2024-09-30 02109889 core:UKTax 2023-10-01 2024-09-30 02109889 countries:UnitedKingdom 2023-10-01 2024-09-30 02109889 2023-09-30 02109889 core:OtherMiscellaneousReserve 2023-09-30 02109889 core:RetainedEarningsAccumulatedLosses 2023-09-30 02109889 core:ShareCapital 2023-09-30 02109889 core:Goodwill 2023-09-30 02109889 core:FurnitureFittings 2023-09-30 02109889 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 02109889 core:MotorVehicles 2023-09-30 02109889 core:OfficeEquipment 2023-09-30 02109889 core:PlantMachinery 2023-09-30 02109889 2022-10-01 2023-09-30 02109889 2023-09-30 02109889 core:CurrentFinancialInstruments 2023-09-30 02109889 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 02109889 core:Goodwill 2023-09-30 02109889 core:FurnitureFittings 2023-09-30 02109889 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 02109889 core:MotorVehicles 2023-09-30 02109889 core:OfficeEquipment 2023-09-30 02109889 core:PlantMachinery 2023-09-30 02109889 1 2022-10-01 2023-09-30 02109889 core:OtherMiscellaneousReserve 2022-10-01 2023-09-30 02109889 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 02109889 core:ShareCapital 2022-10-01 2023-09-30 02109889 core:UKTax 2022-10-01 2023-09-30 02109889 2022-09-30 02109889 core:OtherMiscellaneousReserve 2022-09-30 02109889 core:RetainedEarningsAccumulatedLosses 2022-09-30 02109889 core:ShareCapital 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 02109889

Nathu Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Nathu Limited

Company Information

Director

Dr Nazim Nathu

Registered office

98 Woolram Wygate
Spalding
Lincolnshire
PE11 1PE

Accountants

Mehta & Tengra 9 Berners Place
London
W1T 3AD

 

Nathu Limited

Director's Report for the Year Ended 30 September 2024

The director presents his report and the financial statements for the year ended 30 September 2024.

Director of the company

The director who held office during the year was as follows:

Dr Nazim Nathu

Principal activity

The principal activity of the company is the operation of a Retirement Home

Review of business

The results for the year and financial position of the company are as shown in the annexed financial statements.

Taxation Status
The company is a close company within the provisions of the Corporation Taxes act 2010

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 July 2025
 

.........................................
Dr Nazim Nathu
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Nathu Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nathu Limited for the year ended 30 September 2024 as set out on pages 4 to 15 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Nathu Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nathu Limited and state those matters that we have agreed to state to the Board of Directors of Nathu Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nathu Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nathu Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Nathu Limited. You consider that Nathu Limited 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 accounts of Nathu Limited. 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 accounts.

......................................

Mehta & Tengra
9 Berners Place
London
W1T 3AD

10 July 2025

 

Nathu Limited

Profit and Loss Account for the Year Ended 30 September 2024

Note

2024
£

2023
£

Turnover

 

1,005,899

1,044,587

Cost of sales

 

(22,670)

(36,804)

Gross profit

 

983,229

1,007,783

Administrative expenses

 

(618,896)

(590,052)

Operating profit

 

364,333

417,731

Other interest receivable and similar income

 

242,615

160,701

Amounts written off investments

 

(6,542,598)

(807,301)

Interest payable and similar expenses

 

(90,465)

-

   

(6,390,448)

(646,600)

Loss before tax

4

(6,026,115)

(228,869)

Tax on loss

 

(68,417)

(98,600)

Loss for the financial year

 

(6,094,532)

(327,469)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Nathu Limited

Statement of Comprehensive Income for the Year Ended 30 September 2024

2024
£

2023
£

Loss for the year

(6,094,532)

(327,469)

Total comprehensive income for the year

(6,094,532)

(327,469)

 

Nathu Limited

(Registration number: 02109889)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

6

72,500

72,500

Tangible assets

7

1,306,293

1,308,061

Other financial assets

8

279,763

1,766,340

 

1,658,556

3,146,901

Current assets

 

Debtors

9

8,434

4,575

Cash at bank and in hand

 

938,215

5,358,198

 

946,649

5,362,773

Creditors: Amounts falling due within one year

10

(100,577)

(161,128)

Net current assets

 

846,072

5,201,645

Net assets

 

2,504,628

8,348,546

Capital and reserves

 

Called up share capital

11

100

100

Other reserves

(211,131)

(487,745)

Retained earnings

2,715,659

8,836,191

Shareholders' funds

 

2,504,628

8,348,546

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 10 July 2025
 

 

Nathu Limited

(Registration number: 02109889)
Balance Sheet as at 30 September 2024

.........................................
Dr Nazim Nathu
Director

 

Nathu Limited

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 October 2023

100

(487,745)

8,836,191

8,348,546

Loss for the year

-

-

(6,094,532)

(6,094,532)

Dividends

-

-

(26,000)

(26,000)

Other movements on reserves

-

276,614

-

276,614

At 30 September 2024

100

(211,131)

2,715,659

2,504,628

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 October 2022

100

-

9,197,060

9,197,160

Loss for the year

-

-

(327,469)

(327,469)

Dividends

-

-

(33,400)

(33,400)

Other movements on reserves

-

(487,745)

-

(487,745)

At 30 September 2023

100

(487,745)

8,836,191

8,348,546

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
98 Woolram Wygate
Spalding
Lincolnshire
PE11 1PE
United Kingdom

These financial statements were authorised for issue by the director on 10 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

5% on Cost

Plant & Machinery

1% on Cost

Office Equipment

2% on Cost

Motor Vehicles

14% on Cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2023 - 24).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

5,736

4,301

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

68,417

98,600

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

72,500

72,500

At 30 September 2024

72,500

72,500

Amortisation

Carrying amount

At 30 September 2024

72,500

72,500

At 30 September 2023

72,500

72,500

7

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

1,303,160

28,682

1,408

183,775

3,500

1,520,525

Additions

-

-

-

3,968

-

3,968

At 30 September 2024

1,303,160

28,682

1,408

187,743

3,500

1,524,493

Depreciation

At 1 October 2023

-

25,802

1,351

182,798

2,513

212,464

Charge for the year

-

1,434

57

3,755

490

5,736

At 30 September 2024

-

27,236

1,408

186,553

3,003

218,200

Carrying amount

At 30 September 2024

1,303,160

1,446

-

1,190

497

1,306,293

At 30 September 2023

1,303,160

2,880

57

977

987

1,308,061

Included within the net book value of land and buildings above is £1,303,160 (2023 - £1,303,160) in respect of freehold land and buildings.
 

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

3,035,786

3,035,786

Fair value adjustments

(487,745)

(487,745)

Additions

4,696,514

4,696,514

Disposals

(7,241,406)

(7,241,406)

At 30 September 2024

3,149

3,149

Impairment

Adjustments resulting from a disposal

(276,614)

(276,614)

At 30 September 2024

(276,614)

(276,614)

Carrying amount

At 30 September 2024

279,763

279,763

9

Debtors

Current

2024
£

2023
£

Prepayments

8,434

4,575

 

8,434

4,575

10

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,531

9,338

Taxation and social security

74,614

98,600

Accruals and deferred income

4,620

7,920

Other creditors

8,094

4,457

Director loan account

7,718

40,813

100,577

161,128

 

Nathu Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

11

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

12

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £33,400.00) per ordinary share

26,000

33,400