Nadon Newcastle Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09827261 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Nadon Newcastle 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:

09827261 (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

3,617

5,222

CURRENT ASSETS

Stocks

1,000

Debtors

6

32,102

61,067

Cash at bank

58,266

43,957

91,368

106,024

CREDITORS

Amounts falling due within one year

7

63,002

82,423

NET CURRENT ASSETS

28,366

23,601

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,983

28,823

PROVISIONS FOR LIABILITIES

696

1,306

NET ASSETS

31,287

27,517

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

31,187

27,417

SHAREHOLDERS' FUNDS

31,287

27,517

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 Newcastle 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.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% 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

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 13 (2023 - 14 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

5,099

35,353

12,841

2,764

56,057

Disposals

-

(399

)

-

(399

)

At 31 December 2024

5,099

34,954

12,841

2,764

55,658

DEPRECIATION

At 1 January 2024

5,063

30,637

12,841

2,294

50,835

Charge for year

36

1,200

-

322

1,558

Eliminated on disposal

-

(352

)

-

(352

)

At 31 December 2024

5,099

31,485

12,841

2,616

52,041

NET BOOK VALUE

At 31 December 2024

-

3,469

-

148

3,617

At 31 December 2023

36

4,716

-

470

5,222

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

32,102

61,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

14,269

42,119

Taxation and social security

45,322

36,286

Other creditors

3,411

4,018

63,002

82,423

8.	OTHER FINANCIAL COMMITMENTS

Total amount of commitments is £xx,xxx (2023: £64,000).

9.	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

20,288

7,602

Amounts advanced

-

12,686

Amounts repaid

(20,005

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

283

20,288

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