ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Restated 2023

Registered number: 14284802

THENEXTWE LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

THENEXTWE LTD

REGISTERED NUMBER: 14284802

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		Restated 2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	3,000		-
Cash at bank and in hand	5	1,778		6,842
		4,778		6,842
Creditors: amounts falling due within one year	6	(239,146)		(3,089)
Net current (liabilities)/assets			(234,368)		3,753
Total assets less current liabilities			(234,368)		3,753
Creditors: amounts falling due after more than one year	7		-		(223,203)

Net liabilities			(234,368)		(219,450)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(235,368)	(220,450)
	(234,368)	(219,450)

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THENEXTWE LTD

REGISTERED NUMBER: 14284802

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 October 2025.

Markus Nees

Director

The notes on pages 3 to 6 form part of these financial statements.

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THENEXTWE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

TheNextWe Ltd is a private company limited by share capital. The company is incorporated in England and Wales unber company number 14284802. The company's registered office address is located at 1 The Green, Richmond, Surrey TW9 1PL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company ceased to trade in the year. It is the intention of the Directors to look to strike off the company. The financial statements have therefore been prepared accordingly.

2.3

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 discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

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

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THENEXTWE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 1).

Debtors

					2024	2023
					£	£


Prepayments and accrued income	3,000	-
	3,000	-

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	1,778	6,842
	1,778	6,842

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THENEXTWE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other loans	235,874	-
Trade creditors	1,897	1,529
Accruals and deferred income	1,375	1,560
	239,146	3,089

7.	Creditors: Amounts falling due after more than one year
		2024	Restated 2023
		£	£

Other loans	-	223,203
	-	223,203

Amounts falling due within one year
Other loans	235,874	-
	235,874	-
Amounts falling due 1-2 years
Other loans	-	223,203
	-	223,203


	235,874	223,203

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THENEXTWE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

9.	Prior year adjustment

A prior period adjustment has been made in the accounts to reflect interest of £7,756 which was charged by the Company's parent company but was not included in the prior year accounts.

10.	Controlling party

The company's ultimate controlling party is TheNextWe GmBH a Company incorporated in Germany.

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