Nymet Timber Buildings Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15831330

		31 March 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		27,685

			27,685
CURRENT ASSETS
Debtors	5	645
Cash at bank and in hand		6,533

		7,178
Creditors: Amounts Falling Due Within One Year	6	(58,242 )

NET CURRENT ASSETS (LIABILITIES)			(51,064 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(23,379 )

NET LIABILITIES			(23,379 )

CAPITAL AND RESERVES
Called up share capital	7		1
Profit and Loss Account			(23,380 )

SHAREHOLDERS' FUNDS			(23,379)

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alexander Langstaff-Ellis

Director

17 December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Nymet Timber Buildings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15831330 . The registered office is The Round House, Heal Farm, Kings Nympton, Umberleigh, Devon, EX37 9TB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance

2.5. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.6. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

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Nymet Timber Buildings Limited

Notes to the Financial Statements (continued)

For the Period 10 July 2024 to 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 10 July 2024	-	-	-
Additions	9,125	24,949	34,074

As at 31 March 2025	9,125	24,949	34,074

Depreciation
As at 10 July 2024	-	-	-
Provided during the period	1,711	4,678	6,389

As at 31 March 2025	1,711	4,678	6,389

Net Book Value
As at 31 March 2025	7,414	20,271	27,685

As at 10 July 2024	-	-	-

5. Debtors

	31 March 2025
	£
Due within one year
Other debtors	160
VAT	485

	645

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Trade creditors	2,071
Other taxes and social security	359
Accruals and deferred income	1,188
Director's loan account	54,624

	58,242

7. Share Capital

	31 March 2025
	£
Allotted, Called up and fully paid	1

8. Related Party Transactions

At the period end, 31 March 2025, the company owed the directos £54,624 in respect of loans held with the company. These amounts are interest free and repayable on demand.

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