REGISTERED NUMBER: 12231678 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NONIUS HOSPITALITY TECHNOLOGY UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L T D J Domingues

A M G D S Silva

H P Doyle

REGISTERED OFFICE:

7 Waverley

South Shields

Tyne and Wear

NE33 1LE

REGISTERED NUMBER:

12231678 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Tangible assets

4

11,981

15,495

Investments

5

561,659

599,368

573,640

614,863

CURRENT ASSETS

Stocks

118,151

149,065

Debtors

6

431,896

874,893

Cash at bank

161,613

55,851

711,660

1,079,809

CREDITORS

Amounts falling due within one year

7

189,397

695,155

NET CURRENT ASSETS

522,263

384,654

TOTAL ASSETS LESS CURRENT LIABILITIES

1,095,903

999,517

CREDITORS

Amounts falling due after more than one year

8

663,881

694,414

NET ASSETS

432,022

305,103

CAPITAL AND RESERVES

Called up share capital

9

100,000

100,000

Retained earnings

332,022

205,103

SHAREHOLDERS' FUNDS

432,022

305,103

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.

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 4 September 2025 and were signed on its behalf by:

A M G D S Silva - Director

1.	STATUTORY INFORMATION

Nonius Hospitality Technology UK 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 as modified by the revaluation of certain assets.

Going concern

After reviewing the company's forecasts and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Nonius Hospitality Technology UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Rendering of services

Sales are recognised as follows:

An installation fee is recognised initially on confirmation of the order as the deposit with the balance payable on completion.

Commission is paid on a monthly basis invoiced in arrears on utilisation of the systems.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33.33% straight line and 25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation

Taxation for the year comprises of current 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 balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

21,357

Additions

1,404

At 31 December 2024

22,761

DEPRECIATION

At 1 January 2024

5,862

Charge for year

4,918

At 31 December 2024

10,780

NET BOOK VALUE

At 31 December 2024

11,981

At 31 December 2023

15,495

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

599,368

Revaluations

(37,709

)

At 31 December 2024

561,659

NET BOOK VALUE

At 31 December 2024

561,659

At 31 December 2023

599,368

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

(37,709

)

Cost

599,368

561,659

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

332,385

680,172

Amounts owed by group undertakings

101

6,383

Other debtors

49,118

188,338

381,604

874,893

Amounts falling due after more than one year:

Amounts owed by group undertakings

50,292

-

Aggregate amounts

431,896

874,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

79,719

5,097

Amounts owed to group undertakings

22,458

-

Taxation and social security

78,815

189,404

Other creditors

8,405

500,654

189,397

695,155

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

663,881

694,414

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

100,000

100,000