2 2 Nicholson Bond Partnership Limited 09892702 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is To provide personal financial advice to members of the public Digita Accounts Production Advanced 6.30.9574.0 true true 09892702 2023-12-01 2024-11-30 09892702 2024-11-30 09892702 bus:OrdinaryShareClass1 2024-11-30 09892702 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 09892702 core:Non-currentFinancialInstruments 2024-11-30 09892702 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 09892702 core:FurnitureFittingsToolsEquipment 2024-11-30 09892702 bus:SmallEntities 2023-12-01 2024-11-30 09892702 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09892702 bus:FilletedAccounts 2023-12-01 2024-11-30 09892702 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09892702 bus:RegisteredOffice 2023-12-01 2024-11-30 09892702 bus:Director2 2023-12-01 2024-11-30 09892702 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 09892702 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09892702 bus:Agent1 2023-12-01 2024-11-30 09892702 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 09892702 countries:EnglandWales 2023-12-01 2024-11-30 09892702 2023-11-30 09892702 core:FurnitureFittingsToolsEquipment 2023-11-30 09892702 2022-12-01 2023-11-30 09892702 2023-11-30 09892702 bus:OrdinaryShareClass1 2023-11-30 09892702 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 09892702 core:Non-currentFinancialInstruments 2023-11-30 09892702 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09892702

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

Company Information

Director

Arthur Matthew Dolben Guillaume

Registered office

42 Wilcot
Pewsey
Wilts
SN9 5NS

Accountants

Capys Limited 7 Molyneux Street
London
W1H 5HP

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

(Registration number: 09892702)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

74,100

77,630

Creditors: Amounts falling due within one year

5

(20,509)

(27,727)

Total assets less current liabilities

 

53,591

49,903

Creditors: Amounts falling due after more than one year

5

(20,000)

(20,000)

Net assets

 

33,591

29,903

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

33,491

29,803

Shareholders' funds

 

33,591

29,903

For the financial year ending 30 November 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 December 2024
 

.........................................
Arthur Matthew Dolben Guillaume
Director

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42 Wilcot
Pewsey
Wilts
SN9 5NS

These financial statements were authorised for issue by the director on 27 December 2024.

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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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

Furniture and equipment

Straight line 4 years

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

1,288

1,288

At 30 November 2024

1,288

1,288

Depreciation

At 1 December 2023

1,288

1,288

At 30 November 2024

1,288

1,288

Carrying amount

At 30 November 2024

-

-

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

250

Taxation and social security

8,354

12,705

Other creditors

12,155

14,772

20,509

27,727

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

20,000

20,000

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.10 each

1,000

100

1,000

100

       
 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

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

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

20,000

20,000

8

Dividends

2024

2023

£

£

Interim dividend of £33.00 (2023 - £33.00) per ordinary share

33,000

33,000

 

 

9

Related party transactions

 

Nicholson Bond Partnership Limited

trading as Nicholson Bond Partnership Ltd

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

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

10,800

11,000