FRS102 1A Filleted


Company registration number:						07527692
Nethercote House Limited

Balance sheet
as at 31 January 2025

		2025		2024
	Note	£	£	£	£
Fixed assets
Intangible assets	4	-		-
Tangible assets	5	1,486		1,486
			1,486		1,486
Current assets
Stocks		2,250		2,250
Debtors		189		1,081
Cash at bank and in hand		-		1
			2,439		3,332
Creditors: amounts falling due within one year			(3,920)		(4,770)
Net current liabilities			(1,481)		(1,438)
Total assets less current liabilities			5		48
NET ASSETS			5		48

Capital and reserves
Called up share capital			1		1
Profit and loss account			4		47
TOTAL EQUITY			5		48


The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

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	Company registration number:		07527692
	Nethercote House Limited

	Balance sheet - continued
	as at 31 January 2025

	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 to the Registrar.

	Signed by:

	Miss C Watson, Director
	10 October 2025

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Nethercote House Limited

Notes to the financial statements
for the year ended 31 January 2025


1	Company information

	Nethercote House Limited is a private company registered in England and Wales. Its registered number is 07527692. The company is limited by shares. Its registered office is 380 Duffield Road, Darley Abbey, Derby, DE22 1ER.

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 historic cost convention.

	Going concern
	In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

	The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

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

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

	Goodwill	-

	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 etc.:
	Plant and machinery	-	25% reducing balance
	Computer equipment	-	25% reducing balance

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Nethercote House Limited

Notes to the financial statements - continued
for the year ended 31 January 2025

2	Accounting policies - continued

	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 taxation. 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 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.

	Retirement benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

3	Average number of employees

	During the year the average number of employees was 1 (2024 - 1).

4	Intangible assets

		Goodwill
		£
	Cost
	At 1 February 2024	10,000
	At 31 January 2025	10,000

	Amortisation
	At 1 February 2024	10,000
	At 31 January 2025	10,000

	Net book value
	At 31 January 2025	-

	At 31 January 2024	-


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	Company registration number:	07527692

	Unaudited financial statements
	for the year ended 31 January 2025
	for
	Nethercote House Limited


	Pages for filing with the Registrar