IRIS Accounts Production v25.2.0.378 10689233 Board of Directors 1.1.24 31.12.24 31.12.24 5.9.25 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10689233 2023-12-31 10689233 2024-12-31 10689233 2024-01-01 2024-12-31 10689233 2022-12-31 10689233 2023-01-01 2023-12-31 10689233 2023-12-31 10689233 ns15:EnglandWales 2024-01-01 2024-12-31 10689233 ns14:PoundSterling 2024-01-01 2024-12-31 10689233 ns10:Director1 2024-01-01 2024-12-31 10689233 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10689233 ns10:SmallEntities 2024-01-01 2024-12-31 10689233 ns10:Audited 2024-01-01 2024-12-31 10689233 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 10689233 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10689233 ns10:FullAccounts 2024-01-01 2024-12-31 10689233 ns10:Director2 2024-01-01 2024-12-31 10689233 ns10:Director3 2024-01-01 2024-12-31 10689233 ns10:Director4 2024-01-01 2024-12-31 10689233 ns10:Director5 2024-01-01 2024-12-31 10689233 ns10:RegisteredOffice 2024-01-01 2024-12-31 10689233 ns5:CurrentFinancialInstruments 2024-12-31 10689233 ns5:CurrentFinancialInstruments 2023-12-31 10689233 ns5:ShareCapital 2024-12-31 10689233 ns5:ShareCapital 2023-12-31 10689233 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 10689233 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 10689233 ns5:LandBuildings 2023-12-31 10689233 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 10689233 ns5:PlantMachinery 2023-12-31 10689233 ns5:ComputerEquipment 2023-12-31 10689233 ns5:LandBuildings 2024-01-01 2024-12-31 10689233 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-01-01 2024-12-31 10689233 ns5:PlantMachinery 2024-01-01 2024-12-31 10689233 ns5:ComputerEquipment 2024-01-01 2024-12-31 10689233 ns5:LandBuildings 2024-12-31 10689233 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-12-31 10689233 ns5:PlantMachinery 2024-12-31 10689233 ns5:ComputerEquipment 2024-12-31 10689233 ns5:LandBuildings 2023-12-31 10689233 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 10689233 ns5:PlantMachinery 2023-12-31 10689233 ns5:ComputerEquipment 2023-12-31 10689233 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 10689233 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31

REGISTERED NUMBER: 10689233 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED |

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED (REGISTERED NUMBER: 10689233) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | Mr P Knowles

| Mr S Collins

| Mr J Arnall

| Mr S M Balmer-Walters

| Mr A Richens

| REGISTERED OFFICE: | Norwich City Football Club

| Carrow Road

| Norwich

| Norfolk

| NR1 1JE

| REGISTERED NUMBER: | 10689233 (England and Wales)

| AUDITORS: | Sexty & Co

| Chartered Certified Accountants

| & Statutory Auditor

| 124 Thorpe Road

| Norwich

| Norfolk

| NR1 1RS

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED (REGISTERED NUMBER: 10689233) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 6,774,030 |  | 6,696,864 |  |

CURRENT ASSETS

Stocks | 183,785 |  | 282,070 |  |

Debtors | 6 | 335,390 |  | 263,803 |  |

Cash at bank and in hand | 434,736 |  | 362,325 |  |

953,911 |  | 908,198 |  |

CREDITORS

Amounts falling due within one year | 7 | 7,391,554 |  | 7,060,871 |  |

NET CURRENT LIABILITIES | (6,437,643 | ) | (6,152,673 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 336,387 |  | 544,191 |  |

PROVISIONS FOR LIABILITIES | - |  | 16,023 |  |

NET ASSETS | 336,387 |  | 528,168 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 336,386 |  | 528,167 |  |

SHAREHOLDERS' FUNDS | 336,387 |  | 528,168 |  |

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 Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr P Knowles - Director

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED (REGISTERED NUMBER: 10689233) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| The NEST (Norfolk's Community Hub) 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The financial statements have been prepared on a going concern basis, which assumed the continued support of the parent company.

| The financial statements are presented in pounds sterling and are rounded to the nearest pound.

| Turnover

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

| Income received in exchange for supplying goods and services in order to raise funds is recognised when entitlement has occurred.

| Other income

| Rent income is recognised as the company's right to receive payment is established.

| Income from donations are recognised on receipt or other notification of entitlement.

| Tangible fixed assets

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

| Freehold buildings - 25 years straight line

| Pitches, bunk boxes and challenge woods - 15 years straight line

| Plant & equipment - 10 years straight line

| Computer equipment - 10 years straight line

| 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.

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED (REGISTERED NUMBER: 10689233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The financial statements have been prepared on a going concern basis, which assumes the continued support of the parent company.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 44 (2023 - 44 ) .

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Capital |

| land and |  | work in |  | Plant and |  | Computer |

| buildings |  | progress |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 7,260,621 |  | 66,710 |  | 370,087 |  | 44,915 |  | 7,742,333 |  |

| Additions | 42,957 |  | 413,753 |  | 10,376 |  | 1,542 |  | 468,628 |  |

| Disposals | - |  | - |  | (895 | ) | - |  | (895 | ) |

| At 31 December 2024 | 7,303,578 |  | 480,463 |  | 379,568 |  | 46,457 |  | 8,210,066 |  |

| DEPRECIATION

| At 1 January 2024 | 922,870 |  | - |  | 103,199 |  | 19,400 |  | 1,045,469 |  |

| Charge for year | 348,792 |  | - |  | 37,356 |  | 4,531 |  | 390,679 |  |

| Eliminated on disposal | - |  | - |  | (112 | ) | - |  | (112 | ) |

| At 31 December 2024 | 1,271,662 |  | - |  | 140,443 |  | 23,931 |  | 1,436,036 |  |

| NET BOOK VALUE

| At 31 December 2024 | 6,031,916 |  | 480,463 |  | 239,125 |  | 22,526 |  | 6,774,030 |  |

| At 31 December 2023 | 6,337,751 |  | 66,710 |  | 266,888 |  | 25,515 |  | 6,696,864 |  |

| Included in cost of freehold land and buildings is freehold land of £317,266 (2023 - £317,266) which is not depreciated.

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

2024 | 2023 |

£ | £ |

| Trade debtors | 42,521 |  | 70,221 |  |

| Other debtors | 292,869 |  | 193,582 |  |

335,390 |  | 263,803 |  |

| THE NEST (NORFOLK'S COMMUNITY HUB) |

| LIMITED (REGISTERED NUMBER: 10689233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

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

2024 | 2023 |

£ | £ |

| Trade creditors | 107,464 |  | 44,724 |  |

| Amounts owed to group undertakings | 465,102 |  | 263,916 |  |

| Taxation and social security | 18,123 |  | 14,995 |  |

| Other creditors | 6,800,865 |  | 6,737,236 |  |

7,391,554 |  | 7,060,871 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| I A Barlow (Senior Statutory Auditor)

| for and on behalf of Sexty & Co

9. | RELATED PARTY DISCLOSURES

| The company has taken the disclosure exemption available as permitted by FRS 102 section 33.1A

| not to disclose transactions with group member companies which are also wholly owned subsidiaries

| within the same group.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Norwich City Community Sports Foundation (company number 04100611; charity number 1088239), which has the same registered office address.