Company Registration No. 01825766 (England and Wales)
Nilefern Limited
Unaudited accounts
for the year ended 31 December 2024
Nilefern Limited
Unaudited accounts
Contents
Nilefern Limited
Company Information
for the year ended 31 December 2024
Company Number
01825766 (England and Wales)
Registered Office
2ND FLOOR, KNIGHTRIDER CHAMBERS
KNIGHTRIDER STREET
MAIDSTONE
KENT
ME15 6LP
Nilefern Limited
Statement of financial position
as at 31 December 2024
Tangible assets
75,652
71,187
Debtors
2,608,863
2,202,563
Cash at bank and in hand
825,233
583,782
Creditors: amounts falling due within one year
(2,194,126)
(1,745,233)
Net current assets
1,248,130
1,049,272
Net assets
1,323,782
1,120,459
Called up share capital
200,100
200,100
Profit and loss account
1,123,682
920,359
Shareholders' funds
1,323,782
1,120,459
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr T Simpson
Director
Company Registration No. 01825766
Nilefern Limited
Notes to the Accounts
for the year ended 31 December 2024
Nilefern Limited is a private company, limited by shares, registered in England and Wales, registration number 01825766. The registered office is 2ND FLOOR, KNIGHTRIDER CHAMBERS, KNIGHTRIDER STREET, MAIDSTONE, KENT, ME15 6LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover is the amount receivable by the company for services provided.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
832
11,003
163,313
175,148
Additions
-
-
25,010
25,010
Disposals
-
(762)
(227)
(989)
At 31 December 2024
832
10,241
188,096
199,169
At 1 January 2024
379
9,724
93,858
103,961
Charge for the year
113
320
20,112
20,545
On disposals
-
(762)
(227)
(989)
At 31 December 2024
492
9,282
113,743
123,517
At 31 December 2024
340
959
74,353
75,652
At 31 December 2023
453
1,279
69,455
71,187
Nilefern Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
1,846,031
1,572,627
Amounts due from group undertakings etc.
254,765
242,831
Accrued income and prepayments
83,780
76,928
Other debtors
424,287
310,177
6
Investments held as current assets
2024
2023
Unlisted investments
8,160
8,160
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,112,920
1,658,428
Taxes and social security
80,645
80,765
8
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,072
8,461
Later than one year and not later than five years
32,635
61,435
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Transactions with related parties
At the year end the outstanding balance owed to the parent company, Miramar HC Limited, is £294,765 (2023: £286,731). The loan to the parent company is non-interest bearing with no fixed term of payment.
No other transactions with related parties were undertaken, such as are required to be disclosed under the provisions of Section1A of Financial Reporting Standard 102.
The company is a subsidiary of Miramar HC Limited, a company incorporated in England and Wales, and under the control of Mr T. Simpson.
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Average number of employees
During the year the average number of employees was 28 (2023: 24).