REGISTERED NUMBER: 10411419 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2025 to 31 October 2025

for

Nuggets Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Johnson

A I Johnson

REGISTERED OFFICE:

Third Floor 86-90 Paul Street

London

EC2A 4NE

REGISTERED NUMBER:

10411419 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

11,061

11,215

Investments

5

10

10

11,071

11,225

CURRENT ASSETS

Debtors

6

8,125

21,957

Cash at bank

61,102

4,510

69,227

26,467

CREDITORS

Amounts falling due within one year

7

140,852

255,095

NET CURRENT LIABILITIES

(71,625

)

(228,628

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(60,554

)

(217,403

)

CREDITORS

Amounts falling due after more than one year

8

1,070,424

1,070,424

NET LIABILITIES

(1,130,978

)

(1,287,827

)

CAPITAL AND RESERVES

Called up share capital

192

185

Share premium

7,656,455

6,577,499

Capital contribution reserve

150,000

429,519

Retained earnings

(8,937,625

)

(8,295,030

)

(1,130,978

)

(1,287,827

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2025 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 8 December 2025 and were signed on its behalf by:

A I Johnson - Director

1.	STATUTORY INFORMATION

Nuggets 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.

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.

Related party exemption

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.

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

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

During the financial period, Nuggets Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a credit in the Statement of Profit or Loss in line with disclosure requirements under FRS 102 1A.

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.

Capital contribution reserve

The capital contribution reserve component of equity relates to advanced subscription agreements, for which shares have not been issued in exchange yet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2025

1,944

29,546

31,490

Additions

-

1,994

1,994

At 31 October 2025

1,944

31,540

33,484

DEPRECIATION

At 1 May 2025

1,517

18,758

20,275

Charge for period

94

2,054

2,148

At 31 October 2025

1,611

20,812

22,423

NET BOOK VALUE

At 31 October 2025

333

10,728

11,061

At 30 April 2025

427

10,788

11,215

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 May 2025

and 31 October 2025

10

NET BOOK VALUE

At 31 October 2025

10

At 30 April 2025

10

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

30.4.25

£

£

Amounts owed by group undertakings

1,441

1,391

Other debtors

1,987

8,818

VAT

4,697

11,168

Prepayments and accrued income

-

580

8,125

21,957

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

30.4.25

£

£

Bank loans and overdrafts

2,620

6,703

Trade creditors

73,988

163,158

Social security and other taxes

38,660

47,555

Other creditors

14,453

1,679

Directors' loan accounts

9,131

34,000

Accruals and deferred income

2,000

2,000

140,852

255,095

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

30.4.25

£

£

Amounts owed to group undertakings

1,070,424

1,070,424

Creditors falling due after one year relates entirely to an amount of £1,070,424 due to Nuggets Tokens Ltd, a subsidiary.