REGISTERED NUMBER: 03629681 (England and Wales)

Natajak Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G A Bridgeman

Mrs J A Bridgeman

N J Bridgeman

J A Bridgeman

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

03629681 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

TSB Bank Plc

Henry Duncan House

120

George Street

Edinburgh

Midlothian

EH24LH

FIXED ASSETS

Tangible assets

5

43

58

Investment property

6

528,970

528,970

529,013

529,028

CURRENT ASSETS

Debtors

14,612

14,079

Cash at bank and in hand

4,680

1,518

19,292

15,597

CREDITORS

Amounts falling due within one year

141,781

150,715

NET CURRENT LIABILITIES

(122,489

)

(135,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

406,524

393,910

PROVISIONS FOR LIABILITIES

14

14

NET ASSETS

406,510

393,896

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

79,000

79,000

Revaluation reserve

8

224,557

224,557

Retained earnings

101,953

89,339

SHAREHOLDERS' FUNDS

406,510

393,896

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2025 and were signed on its behalf by:

G A Bridgeman - Director

1.	STATUTORY INFORMATION

Natajak 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

In accordance with Financial Reporting Standard 102, no depreciation is provided on investment properties. This departure from the requirements of the Companies Act 2006 for all properties to be depreciated is, in the opinion of the directors, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included at their open market value and so therefore, their fair values, though no formal valuation took place in the year, as it is considered by the directors that it would be unlikely to result in any significant changes to the values, and so there would be little to justify the cost of any valuation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

1,037

DEPRECIATION

At 1 January 2024

979

Charge for year

15

At 31 December 2024

994

NET BOOK VALUE

At 31 December 2024

43

At 31 December 2023

58

6.	INVESTMENT PROPERTY

The freehold property previously occupied and used within the retail trade of the company until cessation of the retail trade is now rented out at open market value to an unrelated third party. It is the intention that this arrangement shall continue for the foreseeable future.The property has therefore been included as an investment property.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2012

450,000

Valuation in 2020

19,451

Valuation in 2021

43,519

Valuation in 2022

16,000

528,970

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

236,413

236,413

Investment property was valued on an open market basis on 28 April 2017 by the Directors. .

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

3,891

6,794

Between one and five years

-

3,891

3,891

10,685

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

224,557

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Mrs J A Bridgeman and G A Bridgeman

Balance outstanding at start of year

(147,721

)

(134,173

)

Amounts repaid

8,668

(13,548

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(139,053

)

(147,721

)