Registration number: NI636352

Notting Hill Imaging Limited

(Registration number: NI636352)
Balance Sheet as at 31 December 2024

	Note	2024 £	2024 £
Fixed assets
Tangible assets	4	19,548	14,105
Current assets
Work in progress	5	133,306	191,189
Debtors		189,858	149,113
Cash at bank and in hand		804,913	609,040
		1,128,077	949,342
Creditors: Amounts falling due within one year	6	(92,939)	(123,267)
Net current assets		1,035,138	826,075
Total assets less current liabilities		1,054,686	840,180
Provisions for liabilities		(4,887)	(3,526)
Net assets		1,049,799	836,654
Capital and reserves
Called up share capital	7	100	100
Retained earnings		1,049,699	836,554
Shareholders' funds		1,049,799	836,654

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Notting Hill Imaging Limited

(Registration number: NI636352)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 25 September 2025
 

......................................... Dr Barry James Director

Notting Hill Imaging Limited

Notes to the Unaudited Financial Statements for the Period from
1 March 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 27 Notting Hill, Belfast, County Antrim, BT9 5NS.

These financial statements were authorised for issue by the director on 25 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Notting Hill Imaging Limited

Notes to the Unaudited Financial Statements for the Period from
1 March 2024 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Work in progress

Work in progress is valued at cost of labour and materials plus attributable profits less foreseeable losses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Notting Hill Imaging Limited

Notes to the Unaudited Financial Statements for the Period from
1 March 2024 to 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2024 - 2).

Notting Hill Imaging Limited

Notes to the Unaudited Financial Statements for the Period from
1 March 2024 to 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2024	26,533	26,533
Additions	9,355	9,355
At 31 December 2024	35,888	35,888
Depreciation
At 1 March 2024	12,428	12,428
Charge for the period	3,912	3,912
At 31 December 2024	16,340	16,340
Carrying amount
At 31 December 2024	19,548	19,548
At 29 February 2024	14,105	14,105

Notting Hill Imaging Limited

Notes to the Unaudited Financial Statements for the Period from
1 March 2024 to 31 December 2024

5	Work in progress

	2024 £	2024 £
Work in progress	133,306	191,189