REGISTERED NUMBER: 11151406 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NATIONWIDE PROPERTY CLEAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Cooper-Atkins

H R Cooper-Atkins

REGISTERED OFFICE:

c/o Philip Barnes & Co Limited

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

REGISTERED NUMBER:

11151406 (England and Wales)

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

52,219

51,396

CURRENT ASSETS

Debtors

5

152,106

95,245

Cash at bank

31,539

32,499

183,645

127,744

CREDITORS

Amounts falling due within one year

6

198,278

165,688

NET CURRENT LIABILITIES

(14,633

)

(37,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,586

13,452

CREDITORS

Amounts falling due after more than one year

7

(10,974

)

-

PROVISIONS FOR LIABILITIES

(6,544

)

(3,192

)

NET ASSETS

20,068

10,260

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

19,968

10,160

SHAREHOLDERS' FUNDS

20,068

10,260

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 Profit and Loss Account 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:

H R Cooper-Atkins - Director

1.	STATUTORY INFORMATION

Nationwide Property Clean 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

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

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

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

-

33% on cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3.

EMPLOYEES

The average number of employees during the year was 54 (2023 - 54 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

8,364

51,198

2,418

61,980

Additions

2,879

21,908

-

24,787

Disposals

-

(10,326

)

-

(10,326

)

At 31 December 2024

11,243

62,780

2,418

76,441

DEPRECIATION

At 1 January 2024

5,827

3,892

865

10,584

Charge for year

2,059

11,851

513

14,423

Eliminated on disposal

-

(785

)

-

(785

)

At 31 December 2024

7,886

14,958

1,378

24,222

NET BOOK VALUE

At 31 December 2024

3,357

47,822

1,040

52,219

At 31 December 2023

2,537

47,306

1,553

51,396

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

Motor

vehicles

£

COST

Additions

21,908

At 31 December 2024

21,908

DEPRECIATION

Charge for year

2,409

At 31 December 2024

2,409

NET BOOK VALUE

At 31 December 2024

19,499

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Trade debtors

63,019

95,044

Amounts owed by group undertakings

74,729

-

Other debtors

14,358

201

152,106

95,245

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

(Unaudited)

£

£

Hire purchase contracts

6,162

-

Trade creditors

65,889

30,825

Taxation and social security

43,007

24,864

Other creditors

83,220

109,999

198,278

165,688

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

(Unaudited)

£

£

Hire purchase contracts

10,974

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Faith Bates FCA, FCCA (Senior Statutory Auditor)

for and on behalf of Philip Barnes & Co Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions with entities in which the directors have control, joint control or significant influence over the entity:

2024

2023

£

£

Sales

-

-

Purchases

14,028

12,788

Amounts due to / (from) related parties

14,400

57,005

11.	ULTIMATE PARENT COMPANY

The company's ultimate parent company, COAT Facilities Group Limited (Company number: 15387491), includes the company in it's consolidated financial statements and these are available at its registered office which is C/O Philip Barnes & Co Limited, The Old Council Chambers, Halford Street, Tamworth, B79 7RB.

12.	GUARANTEES AND SECURITIES

The company has provided security by way of fixed and floating charges over it's assets to Cynergy Business Finance Limited on behalf of Diamond Facilities Support Limited, a fellow subsidiary within the group as at the year-end.