Nadon 55 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08317502 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Nadon 55 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Chester

Miss S Nadon

Dr K I Chester

REGISTERED OFFICE:

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

REGISTERED NUMBER:

08317502 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

5

57,825

72,727

CURRENT ASSETS

Stocks

6

1,000

Debtors

7

33,831

86,468

Cash at bank

17,346

6,088

52,177

93,556

CREDITORS

Amounts falling due within one year

8

60,773

86,626

NET CURRENT (LIABILITIES)/ASSETS

(8,596

)

6,930

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,229

79,657

CREDITORS

Amounts falling due after more than one
year

9

-

(5,501

)

PROVISIONS FOR LIABILITIES

(1,864

)

(2,826

)

NET ASSETS

47,365

71,330

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

47,265

71,230

SHAREHOLDERS' FUNDS

47,365

71,330

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

P Chester - Director

1.	STATUTORY INFORMATION

Nadon 55 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.

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.

Turnover

Turnover represents net invoiced sales of food and drink, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

16,236

46,488

74,380

5,044

142,148

Additions

2,450

-

2,450

Disposals

(395

)

-

(395

)

At 31 December 2024

18,291

46,488

74,380

5,044

144,203

DEPRECIATION

At 1 January 2024

15,534

41,132

8,678

4,077

69,421

Charge for year

244

1,277

14,876

955

17,352

Eliminated on disposal

(395

)

-

(395

)

At 31 December 2024

15,383

42,409

23,554

5,032

86,378

NET BOOK VALUE

At 31 December 2024

2,908

4,079

50,826

12

57,825

At 31 December 2023

702

5,356

65,702

967

72,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

74,380

DEPRECIATION

At 1 January 2024

8,678

Charge for year

14,876

At 31 December 2024

23,554

NET BOOK VALUE

At 31 December 2024

50,826

At 31 December 2023

65,702

6.

STOCKS

31.12.24

31.12.23

£

Stocks

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

33,831

86,468

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Hire purchase contracts

5,501

30,766

Trade creditors

12,605

20,671

Taxation and social security

17,635

22,701

Other creditors

25,032

12,488

60,773

86,626

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Hire purchase contracts

-

5,501

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Hire purchase contracts

5,501

36,267

Hire purchase liability is secured against the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

40

"A" Ordinary

£1

40

30

"B" Ordinary

£1

30

"C" Ordinary

£1

30

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

Miss S Nadon

Balance outstanding at start of year

46,275

-

Amounts advanced

-

46,275

Amounts repaid

(45,915

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

360

46,275

The loan to the director has been repaid in full within nine months after the year.