REGISTERED NUMBER: 08552033 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NINETYTHREE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K Constantinou

REGISTERED OFFICE:

131 Bramley Road

Oakwood

London

N14 4UT

REGISTERED NUMBER:

08552033 (England and Wales)

ACCOUNTANTS:

Hovnan & Co Ltd

Chartered Accountants

106 Ashurst Road

Cockfosters

London

EN4 9LG

FIXED ASSETS

Tangible assets

4

21,373

32,669

CURRENT ASSETS

Stocks

30,900

30,280

Debtors

5

210,054

164,606

Cash at bank

2,009

1,569

242,963

196,455

CREDITORS

Amounts falling due within one year

6

208,237

148,748

NET CURRENT ASSETS

34,726

47,707

TOTAL ASSETS LESS CURRENT LIABILITIES

56,099

80,376

CREDITORS

Amounts falling due after more than one year

7

(40,939

)

(50,217

)

PROVISIONS FOR LIABILITIES

(897

)

(1,212

)

NET ASSETS

14,263

28,947

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,163

28,847

SHAREHOLDERS' FUNDS

14,263

28,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 November 2025 and were signed by:

Mrs K Constantinou - Director

1.	STATUTORY INFORMATION

NINETYTHREE 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Plant and machinery etc

-

25% on reducing balance and Over life of lease

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 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 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.

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.

Going concern

The director considers that the company will, with the support of the director, continue to remain in operational existence for the foreseeable future. The accounts have been prepared on a going concern basis due to the reliance on the director's financial support.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

40,307

Additions

1,316

Reclassification/transfer

(3,815

)

At 30 November 2024

37,808

DEPRECIATION

At 1 December 2023

7,638

Charge for year

8,797

At 30 November 2024

16,435

NET BOOK VALUE

At 30 November 2024

21,373

At 30 November 2023

32,669

Included in fixed asset additions is an electric motor vehicle accounted for as a finance lease at the present value of minimum lease payments and depreciated over the lease term.

5.

DEBTORS

30.11.24

30.11.23

£

£

Amounts falling due within one year:

Other debtors

156,325

123,611

30.11.24

30.11.23

£

£

Amounts falling due after more than one year:

Other debtors

53,729

40,995

Aggregate amounts

210,054

164,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

37,203

4,861

Finance leases

6,714

6,714

Trade creditors

14,134

14,080

Taxation and social security

136,723

110,816

Other creditors

13,463

12,277

208,237

148,748

The finance lease liability reflects the present value of future minimum lease payments over the lease term.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

25,471

29,016

Finance leases

15,468

21,201

40,939

50,217

Bank loan is unsecured and is for a term of 10 years. Interest at the rate of 2.5% is payable after the first 18 months.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

£

Mrs K Constantinou

Balance outstanding at start of year

123,831

64,730

Amounts advanced

31,647

59,101

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

155,478

123,831

The directors balance is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

The company rents its retail shop premises from an associate at an annual rental of £18,000 (2023 - £18,000). No amounts are outstanding.

10.	ULTIMATE CONTROLLING PARTY