Company No: 08635259 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	366		366
Tangible assets	4	4,256,063		4,316,622
Investments	5	0		10
		4,256,429		4,316,998
Current assets
Stocks	6	19,975		21,604
Debtors	7	80,118		200,504
Cash at bank and in hand		18,526		15,083
		118,619		237,191
Creditors: amounts falling due within one year	8	( 935,230)		( 961,423)
Net current liabilities		(816,611)		(724,232)
Total assets less current liabilities		3,439,818		3,592,766
Creditors: amounts falling due after more than one year	9	( 2,004,560)		( 2,072,580)
Provision for liabilities		( 43,682)		( 62,788)
Net assets		1,391,576		1,457,398
Capital and reserves
Called-up share capital	10	110		110
Capital redemption reserve		1		1
Profit and loss account		1,391,465		1,457,287
Total shareholders' funds		1,391,576		1,457,398

For the financial year ending 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 financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Nathan Outlaw Consultancy Limited (registered number: 08635259) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

N D Outlaw Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nathan Outlaw Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, United Kingdom. The principal place of business is 1 Middle Street, Port Isaac, Cornwall, PL29 3RH.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	25 % reducing balance
Plant and machinery etc.	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	36		31

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 April 2024	366		366
At 31 March 2025	366		366
Accumulated amortisation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	366		366
At 31 March 2024	366		366

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	4,082,709		619,514		4,702,223
Additions	0		16,704		16,704
At 31 March 2025	4,082,709		636,218		4,718,927
Accumulated depreciation
At 01 April 2024	49,451		336,150		385,601
Charge for the financial year	3,394		73,869		77,263
At 31 March 2025	52,845		410,019		462,864
Net book value
At 31 March 2025	4,029,864		226,199		4,256,063
At 31 March 2024	4,033,258		283,364		4,316,622

5. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	0		10

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	10
Disposals	( 10)
At 31 March 2025	0
Carrying value at 31 March 2025	0
Carrying value at 31 March 2024	10

6. Stocks

	2025		2024
	£		£
Stocks	19,975		21,604

7. Debtors

	2025		2024
	£		£
Other debtors	80,118		200,504

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured £ 68,020)	204,981		200,167
Trade creditors	54,564		79,724
Other taxation and social security	153,046		176,129
Other creditors	522,639		505,403
	935,230		961,423

Handelsbanken plc secured loans by placing fixed and floating charges over all property and undertakings by the company.

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,904,560		1,972,580
Other creditors	100,000		100,000
	2,004,560		2,072,580

Handelsbanken plc secured loans by placing fixed and floating charges over all property and undertakings by the company.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
108 Ordinary shares of £ 1.00 each	108		108
2 Ordinary A shares of £ 1.00 each	2		2
	110		110

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	2,899		2,899
between one and five years	2,174		5,314
Total future minimum lease payments under non-cancellable operating leases	5,073		8,213

The non-cancellable operating leases above relate to items of kitchen equipment.