REGISTERED NUMBER: 03215366 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Netcel Communications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N D Hamblett

REGISTERED OFFICE:

16 Turpins Chase

Oaklands

Welwyn

Hertfordshire

AL6 0RA

REGISTERED NUMBER:

03215366 (England and Wales)

ACCOUNTANTS:

Farrell & Co

1C Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Tangible assets

4

613

817

Investments

5

418

418

Investment property

6

2,225,000

2,225,000

2,226,031

2,226,235

CURRENT ASSETS

Debtors

7

2,310

2,310

Cash at bank

2,654

1,816

4,964

4,126

CREDITORS

Amounts falling due within one year

8

1,373,964

1,403,054

NET CURRENT LIABILITIES

(1,369,000

)

(1,398,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

857,031

827,307

CREDITORS

Amounts falling due after more than one year

9

(21,620

)

(21,620

)

PROVISIONS FOR LIABILITIES

(121,615

)

(121,631

)

NET ASSETS

713,796

684,056

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

712,796

683,056

SHAREHOLDERS' FUNDS

713,796

684,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 December 2025 and were signed by:

Mr N D Hamblett - Director

1.	STATUTORY INFORMATION

Netcel Communications 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,333

8,001

45,178

54,512

DEPRECIATION

At 1 April 2024

1,258

7,920

44,517

53,695

Charge for year

19

20

165

204

At 31 March 2025

1,277

7,940

44,682

53,899

NET BOOK VALUE

At 31 March 2025

56

61

496

613

At 31 March 2024

75

81

661

817

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

418

NET BOOK VALUE

At 31 March 2025

418

At 31 March 2024

418

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,225,000

NET BOOK VALUE

At 31 March 2025

2,225,000

At 31 March 2024

2,225,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

250,000

Valuation in 2021

90,000

Valuation in 2024

300,000

Cost

1,585,000

2,225,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by associates

2,310

2,310

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,201

169

Taxation and social security

4,446

6,763

Other creditors

1,368,317

1,396,122

1,373,964

1,403,054

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

21,620

21,620

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

ordinary

1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 April 2024

683,056

Profit for the year

30,240

Dividends

(500

)

At 31 March 2025

712,796