REGISTERED NUMBER: 09663916 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

NFTO Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

K T Mann

M J Smith

Registered office:

4th Floor, The Warehouse

Gwynne Street

Hereford

HR4 9DP

Registered number:

09663916 (England and Wales)

Auditors:

Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

CURRENT ASSETS

Debtors

5

12

12

Cash at bank

27

27

39

39

CREDITORS

Amounts falling due within one year

6

-

(43,689

)

NET CURRENT ASSETS/(LIABILITIES)

39

(43,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39

(43,650

)

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

73,722

73,722

Retained earnings

(73,783

)

(117,472

)

39

(43,650

)

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 19 November 2025 and were signed on its behalf by:

M J Smith - Director

1.	STATUTORY INFORMATION

NFTO Trading 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.	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.

Tangible fixed assets

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

Fixtures and fittings

-

50% on cost

Computer equipment

-

50% on cost

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.

Going concern

The directors acknowledge that the company is reliant on the continued support of a group company and that support has been given.The directors have reviewed budgets and forecasts for a period of 12 months from approval of the financial statements, considering this and the adequate resources held by the company, the directors are confident they are able to continue in operational existence for the foreseeable future..As a result of this, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2024

and 31 March 2025

2,000

3,000

5,000

Depreciation

At 1 April 2024

and 31 March 2025

2,000

3,000

5,000

Net book value

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

12

12

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

43,689

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

The Report of the Auditors was unqualified.

Russell Spencer (Senior Statutory Auditor)

for and on behalf of Acre Accountancy Limited

8.	ULTIMATE CONTROLLING PARTY

From 1 April 2024, the company is no longer controlled by Ridgmont Holdings Limited, but is controlled by 1NewCo Ltd. The ultimate controlling party remains the same.