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REGISTERED NUMBER: 10442177 (England and Wales)


















NOW IN A MINUTE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






NOW IN A MINUTE LTD (REGISTERED NUMBER: 10442177)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOW IN A MINUTE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: J Carter





REGISTERED OFFICE: 68 Andrews Road
Cardiff
County of Cardiff
CF14 2JP





REGISTERED NUMBER: 10442177 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Ltd)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

NOW IN A MINUTE LTD (REGISTERED NUMBER: 10442177)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 71,842 72,653
Tangible assets 5 5,727 7,636
Investments 6 1,355,398 1,302,104
1,432,967 1,382,393

CURRENT ASSETS
Debtors 7 71,824 201,549
Investments 8 525,076 500,000
Cash at bank 1,110,840 909,068
1,707,740 1,610,617
CREDITORS
Amounts falling due within one year 9 (3,600 ) (3,612 )
NET CURRENT ASSETS 1,704,140 1,607,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,137,107

2,989,398

PROVISIONS FOR LIABILITIES (6,644 ) (9,071 )
NET ASSETS 3,130,463 2,980,327

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,130,363 2,980,227
SHAREHOLDERS' FUNDS 3,130,463 2,980,327

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

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

The director acknowledges his 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.

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 and authorised for issue by the director and authorised for issue on 17 July 2025 and were signed by:



J Carter - Director


NOW IN A MINUTE LTD (REGISTERED NUMBER: 10442177)

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


1. STATUTORY INFORMATION

Now In A Minute 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 Section 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in respect of the commission income from various gaming platforms.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cryptocurrencies are not amortised as they have an indefinite useful life but are tested for impairment annually or whenever there is indication that the intangible asset may be impaired.

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 - 25% on reducing balance

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Investments
Listed investments are stated at fair value. Any increases or decreases in fair value of investments are taken to the profit and loss account in the year. Any deferred tax in respect of these increases or decreases in fair value is also charged to the profit and loss in the year.

Unlisted investments and investment loans are stated at cost less any impairment in value

NOW IN A MINUTE LTD (REGISTERED NUMBER: 10442177)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 72,653
Additions 494
Disposals (1,305 )
At 31 October 2024 71,842
NET BOOK VALUE
At 31 October 2024 71,842
At 31 October 2023 72,653

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 28,357
DEPRECIATION
At 1 November 2023 20,721
Charge for year 1,909
At 31 October 2024 22,630
NET BOOK VALUE
At 31 October 2024 5,727
At 31 October 2023 7,636

6. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 1,355,398 1,190,972
Other loans - 111,132
1,355,398 1,302,104

NOW IN A MINUTE LTD (REGISTERED NUMBER: 10442177)

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


6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 November 2023 1,176,498
Additions 873,308
Disposals (841,390 )
Revaluations 166,117
Impairments (25,001 )
At 31 October 2024 1,349,532
NET BOOK VALUE
At 31 October 2024 1,349,532
At 31 October 2023 1,176,498

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2024 888,339
Cost 461,193
1,349,532

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Cost/valuation b/f 14,474 18,593
Additions - 27,500
Disposals (8,608 ) (31,619 )
5,866 14,474
Property
development
loans
£   
At 1 November 2023 111,132
Repayment in year (111,132 )
At 31 October 2024 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,436 37,013
S455 tax reclaimable 3,365 94,413
Amounts owed by related party 42,239 48,073
Other debtors 571 -
Corporation tax - 131
Directors' current accounts 2,107 21,919
Prepayments and accrued income 1,106 -
71,824 201,549

NOW IN A MINUTE LTD (REGISTERED NUMBER: 10442177)

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


8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Bond 525,076 500,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 3,600 3,612

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
J Carter
Balance outstanding at start of year 21,919 -
Amounts advanced 49,557 32,231
Amounts repaid (69,369 ) (10,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,107 21,919

The loan is repayable within nine months of the year end. Interest has been charged on the loan at a commercial rate.