REGISTERED NUMBER: 10627854 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Nether Offlicence Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Oz

REGISTERED OFFICE:

221 Nether Street

West Finchley

London

N3 1NT

REGISTERED NUMBER:

10627854 (England and Wales)

ACCOUNTANTS:

Hasan Y Musalar

International Accountant &Tax Consultant

FAIA, FFA, FIPA,,FFTA

536 Lordship Lane

London

N22 5BY

FIXED ASSETS

Tangible assets

4

73,965

78,767

CURRENT ASSETS

Stocks

5

108,450

100,450

Cash at bank and in hand

5,081

3,444

113,531

103,894

CREDITORS

Amounts falling due within one year

6

97,452

92,753

NET CURRENT ASSETS

16,079

11,141

TOTAL ASSETS LESS CURRENT LIABILITIES

90,044

89,908

CREDITORS

Amounts falling due after more than one year

7

12,500

22,500

NET ASSETS

77,544

67,408

CAPITAL AND RESERVES

Called up share capital

8

25,000

25,000

Retained earnings

9

52,544

42,408

SHAREHOLDERS' FUNDS

77,544

67,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 15 May 2025 and were signed by:

S Oz - Director

1.	STATUTORY INFORMATION

Nether Offlicence 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

81,800

3,844

16,299

101,943

DEPRECIATION

At 1 April 2024

6,544

2,732

13,900

23,176

Charge for year

1,636

768

2,398

4,802

At 31 March 2025

8,180

3,500

16,298

27,978

NET BOOK VALUE

At 31 March 2025

73,620

344

1

73,965

At 31 March 2024

75,256

1,112

2,399

78,767

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

108,450

100,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

71,407

72,145

Paye

-

(343

)

Tax

7,478

2,422

VAT

3,567

3,529

Directors' loan accounts

15,000

15,000

97,452

92,753

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yr by instal

12,500

22,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,500

22,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

25,000

Ordinary shares class A

1.00

25,000

25,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

42,408

Profit for the year

20,136

Dividends

(10,000

)

At 31 March 2025

52,544