IRIS Accounts Production v25.2.0.378 07745261 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07745261 2023-09-30 07745261 2024-09-30 07745261 2023-10-01 2024-09-30 07745261 2022-09-30 07745261 2022-10-01 2023-09-30 07745261 2023-09-30 07745261 ns15:EnglandWales 2023-10-01 2024-09-30 07745261 ns14:PoundSterling 2023-10-01 2024-09-30 07745261 ns10:Director1 2023-10-01 2024-09-30 07745261 ns10:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07745261 ns10:SmallEntities 2023-10-01 2024-09-30 07745261 ns10:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07745261 ns10:SmallCompaniesRegimeForDirectorsReport 2023-10-01 2024-09-30 07745261 ns10:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07745261 ns10:FullAccounts 2023-10-01 2024-09-30 07745261 ns10:RegisteredOffice 2023-10-01 2024-09-30 07745261 ns5:CurrentFinancialInstruments 2024-09-30 07745261 ns5:CurrentFinancialInstruments 2023-09-30 07745261 ns5:ShareCapital 2024-09-30 07745261 ns5:ShareCapital 2023-09-30 07745261 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 07745261 ns5:RetainedEarningsAccumulatedLosses 2023-09-30 07745261 ns5:PlantMachinery 2023-10-01 2024-09-30 07745261 ns5:PlantMachinery 2023-09-30 07745261 ns5:PlantMachinery 2024-09-30 07745261 ns5:PlantMachinery 2023-09-30 07745261 ns5:CostValuation 2023-09-30 07745261 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 07745261 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-09-30 07745261 1 ns10:Director1 2023-09-30 07745261 1 ns10:Director1 2022-09-30 07745261 1 ns10:Director1 2023-10-01 2024-09-30 07745261 1 ns10:Director1 2022-10-01 2023-09-30 07745261 1 ns10:Director1 2024-09-30 07745261 1 ns10:Director1 2023-09-30

REGISTERED NUMBER: 07745261 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 September 2024

for

N & C Enterprises Limited

N & C Enterprises Limited (Registered number: 07745261)

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

N & C Enterprises Limited

Company Information

for the Year Ended 30 September 2024

| DIRECTOR: | N C Drury

| REGISTERED OFFICE: | Church Court

| Stourbridge Road

| Halesowen

| West Midlands

| B63 3TT

| REGISTERED NUMBER: | 07745261 (England and Wales)

| ACCOUNTANTS: | Nicklin Accountancy Services Limited

| Church Court

| Stourbridge Road

| Halesowen

| West Midlands

| B63 3TT

N & C Enterprises Limited (Registered number: 07745261)

Balance Sheet

30 September 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 252 |  | 336 |  |

Investments | 5 | 13,110,276 |  | 13,110,276 |  |

13,110,528 |  | 13,110,612 |  |

CURRENT ASSETS

Debtors | 6 | 2,418,985 |  | 1,411,170 |  |

Cash at bank and in hand | 1,434,866 |  | 1,247,645 |  |

3,853,851 |  | 2,658,815 |  |

CREDITORS

Amounts falling due within one year | 7 | 62,776 |  | 55,757 |  |

NET CURRENT ASSETS | 3,791,075 |  | 2,603,058 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,901,603 |  | 15,713,670 |  |

CAPITAL AND RESERVES

Called up share capital | 2,068 |  | 2,068 |  |

Retained earnings | 16,899,535 |  | 15,711,602 |  |

SHAREHOLDERS' FUNDS | 16,901,603 |  | 15,713,670 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2025 and were signed by:

N C Drury - Director

N & C Enterprises Limited (Registered number: 07745261)

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| N & C Enterprises Limited 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 business address is Bloxwich Hall, Elmore Court, Elmore Green Road, Bloxwich, Walsall WS3 2DL

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.

| Preparation of consolidated financial statements

| The financial statements contain information about N & C Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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 | - | 33% on cost and 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

N & C Enterprises Limited (Registered number: 07745261)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 2,712 |  |

| DEPRECIATION

| At 1 October 2023 | 2,376 |  |

| Charge for year | 84 |  |

| At 30 September 2024 | 2,460 |  |

| NET BOOK VALUE

| At 30 September 2024 | 252 |  |

| At 30 September 2023 | 336 |  |

5. | FIXED ASSET INVESTMENTS

2024 | 2023 |

£ | £ |

| Shares in group undertakings | 13,065,010 |  | 13,065,010 |  |

| Other investments not loans | 45,266 |  | 45,266 |  |

13,110,276 |  | 13,110,276 |  |

| Additional information is as follows:

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST

| At 1 October 2023

| and 30 September 2024 | 13,065,010 |  | 8,232 |  | 13,073,242 |  |

| NET BOOK VALUE

| At 30 September 2024 | 13,065,010 |  | 8,232 |  | 13,073,242 |  |

| At 30 September 2023 | 13,065,010 |  | 8,232 |  | 13,073,242 |  |

| Investments (neither listed nor unlisted) were as follows:

2024 | 2023 |

£ | £ |

| Other investments | 37,034 |  | 37,034 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | 2,418,773 |  | 952,833 |  |

| Amounts owed by participating interests | - |  | 421,432 |  |

| Other debtors | 212 |  | 36,905 |  |

2,418,985 |  | 1,411,170 |  |

N & C Enterprises Limited (Registered number: 07745261)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 4,062 |  | 629 |  |

| Taxation and social security | 3,700 |  | 314 |  |

| Other creditors | 55,014 |  | 54,814 |  |

62,776 |  | 55,757 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 | 2023 |

£ | £ |

| N C Drury

| Balance outstanding at start of year | 36,738 |  | - |  |

| Amounts advanced | - |  | 36,738 |  |

| Amounts repaid | (36,738 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 36,738 |  |

9. | RELATED PARTY DISCLOSURES

| At 30 September 2024 the company was owed £nil (2023 - £36,738) from the director.

| At 30 September 2024 the company was owed £632,148 (2023 - £421,432 ) by Upward Enterprises Limited, a company of which N Drury is a director.

| At 30 September 2024 the company was owed £1,153 (2023 - £1,153) by Upward Developments (West Midlands) Limited, a company of which N Drury is a director.

| At 30 September 2024 the company was owed £1,751,220 (2023 - £951,386) by Midland Properties (West Midlands) Limited, a company of which N Drury is a director.