NICK DEYONG LIMITED

NICK DEYONG LIMITED
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 March 2025.

Directors

The directors who served the company throughout the year were as follows:

N J Deyong

S A Deyong

Statement of directors' responsibilities

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

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N J Deyong
Director

Date approved: 15 December 2025

NICK DEYONG LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	7,312	8,614
		7,312	8,614
Current assets
Debtors	4	859,101	293,473
Investments	5	474,000	474,000
Cash at bank and in hand		962,580	871,997
		2,295,681	1,639,470
Creditors: amount falling due within one year	6	(1,290,155)	(1,257,713)
Net current assets		1,005,526	381,757

Total assets less current liabilities		1,012,838	390,371
Creditors: amount falling due after more than one year	7	(773,163)	(163,345)
Net assets		239,675	227,026

Capital and reserves
Called up share capital	8	50,000	50,000
Profit and loss account		189,675	177,026
Shareholders' funds		239,675	227,026

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 15 December 2025 and were signed on its behalf by:

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N J Deyong
Director

NICK DEYONG LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

NICK DEYONG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02997986, registration address Regina House,, 124 Finchley Road,, London, NW3 5JS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Straight Line
Computer Equipment	20% Straight Line

2.	Average number of employees Average number of employees during the year was 14 (2024 : 15).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2024	104,880	13,463	118,343
Additions	-	1,773	1,773
Disposals	-	-	-
At 31 March 2025	104,880	15,236	120,116
Depreciation
At 01 April 2024	104,755	4,974	109,729
Charge for year	28	3,047	3,075
On disposals	-	-	-
At 31 March 2025	104,783	8,021	112,804
Net book values
Closing balance as at 31 March 2025	97	7,215	7,312
Opening balance as at 01 April 2024	125	8,489	8,614

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	720,481	144,828
Amount Owed by Group Undertakings	17,057	34,157
Prepayments & Accrued Income	14,140	24,240
Other Debtors	107,423	90,248
	859,101	293,473

Investments

	2025 £		2024 £
Other Investments - Unlisted - Cost b/fwd	474,000		474,000
	474,000		474,000

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	9,173	60,551
Bank Loans & Overdrafts	11,743	11,743
Corporation Tax	0	6,441
PAYE & Social Security	22,013	16,477
VAT	58,383	28,041
Accrued Expenses	1,094,949	759,844
Other Creditors	62,360	42,093
Amounts owed to group undertakings	31,534	332,523
	1,290,155	1,257,713

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	63,163	13,345
Directors' Loan Accounts	710,000	150,000
	773,163	163,345

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
50,000 Ordinary shares of £1.00 each	50,000		50,000
	50,000		50,000

Related party transactions

The company owed £31,534 (2024: £50,000) to NDL Travel Limited, a subsidiary undertaking of the company. During the year a management charge was charged to the company by NDL Travel Limited amounting to £15,000 (2024: £30,000).

At year end, the company was owed £17,057 (2024: £21,880) by Promotigo Limited, a company where N J Deyong and S A Deyong are directors. During the year a management charge was charged by the company to Promotigo Limited amounting to £45,000 (2024: £16,667).

At year end, the company was owed £Nil (2024 £5,000) by Code String Limited, a company where N J Deyong and S A Deyong are directors. During the year a management charge was charged by the company to Code String Limited amounting to £45,000 (2024: £Nil).

At year end, the company owed £410,000 (2024: £150,000) to S A Deyong, a director of the company.

At year end, the company owed £300,000 (2024: £Nil) to N J Deyong, a director of the company.

Registered Number: 02997986
England and Wales
NICK DEYONG LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025