REGISTERED NUMBER: 08394012 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NICHOLSON SEARCH & SELECTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R S Gargowitsch

J P Nash

REGISTERED OFFICE:

20 St. Thomas Street

London

SE1 9RS

REGISTERED NUMBER:

08394012 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

57,662

77,336

Investments

6

401,422

196,801

459,084

274,137

CURRENT ASSETS

Debtors

7

1,478,176

1,332,313

Cash at bank and in hand

2,020

215,965

1,480,196

1,548,278

CREDITORS

Amounts falling due within one year

8

1,139,075

1,047,293

NET CURRENT ASSETS

341,121

500,985

TOTAL ASSETS LESS CURRENT LIABILITIES

800,205

775,122

CREDITORS

Amounts falling due after more than one year

9

(122,694

)

(135,829

)

PROVISIONS FOR LIABILITIES

(14,416

)

(19,334

)

NET ASSETS

663,095

619,959

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

663,094

619,958

663,095

619,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 24 December 2025 and were signed on its behalf by:

J R S Gargowitsch - Director

1.	STATUTORY INFORMATION

Nicholson Search & Selection 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

12,000

AMORTISATION

At 1 January 2024

and 31 December 2024

12,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

133,092

DEPRECIATION

At 1 January 2024

55,756

Charge for year

19,674

At 31 December 2024

75,430

NET BOOK VALUE

At 31 December 2024

57,662

At 31 December 2023

77,336

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

30,345

166,456

196,801

Revaluations

-

204,621

204,621

At 31 December 2024

30,345

371,077

401,422

NET BOOK VALUE

At 31 December 2024

30,345

371,077

401,422

At 31 December 2023

30,345

166,456

196,801

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2022

30,345

170,718

201,063

Valuation in 2023

-

(4,262

)

(4,262

)

Valuation in 2024

-

204,621

204,621

30,345

371,077

401,422

The company's investments at the Balance Sheet date in the share capital of companies include the following:

SAS Nicholson Search & Selection (France)

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(226,395

)

(149,940

)

Loss for the year

(76,487

)

(149,376

)

Nicholson Search & Selection GmbH (Germany)

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(48,542

)

(24,844

)

Loss for the year

(23,708

)

(46,603

)

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

1,078,376

1,105,392

Amounts owed by group undertakings

227,885

121,856

Other debtors

43,400

53,520

1,349,661

1,280,768

Amounts falling due after more than one year:

Amounts owed by group undertakings

128,515

51,545

Aggregate amounts

1,478,176

1,332,313

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

102,131

43,333

Hire purchase contracts

14,408

14,408

Trade creditors

501,516

674,803

Taxation and social security

66,662

136,830

Other creditors

454,358

177,919

1,139,075

1,047,293

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

66,273

65,000

Hire purchase contracts

56,421

70,829

122,694

135,829

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors the following amounts:

31.12.24

31.12.23

£

£

Mr J Nash

455

455

Mr J Gargowitsch

1,189

1,189

These loans are interest free and repayable on demand.

During the year, consultancy costs of £2,000 per month were paid to Emma Sanderson-Nash, a related party. These transactions were carried out at arms length.