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COMPANY REGISTRATION NUMBER: NI641029

Nethery Business Development Ltd

Filleted Unaudited Financial Statements

30 September 2025

Nethery Business Development Ltd

Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 5,470 | 7,294
Investments | 5 |  | 603,000 | 603,000
|  | --------- | ---------
|  | 608,470 | 610,294

Current assets

Debtors | 6 | 112,434 |  | 96,921
Cash at bank and in hand | 348,340 |  | 292,200
| --------- |  | ---------
| 460,774 |  | 389,121

Creditors: amounts falling due within one year | 7 | 10,934 |  | 4,819
| --------- |  | ---------
Net current assets |  | 449,840 | 384,302
|  | ------------ | ---------
Total assets less current liabilities |  | 1,058,310 | 994,596

Provisions

Taxation including deferred tax |  | 1,039 | 1,386
|  | ------------ | ---------
Net assets |  | 1,057,271 | 993,210
|  | ------------ | ---------

Capital and reserves

Called up share capital |  | 320 | 320
Share premium account |  | 599,690 | 599,690
Profit and loss account |  | 457,261 | 393,200
|  | ------------ | ---------
Shareholders funds |  | 1,057,271 | 993,210
|  | ------------ | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Nethery Business Development Ltd

Statement of Financial Position (continued)

30 September 2025
These financial statements were approved by the board of directors and authorised for issue on 23 January 2026 , and are signed on behalf of the board by:

Mr John Nethery | Mrs Sandra Nethery
Director | Director

Company registration number: NI641029

Nethery Business Development Ltd

Notes to the Financial Statements

Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 108 Castlederg Road, Drumquin, Co Tyrone, BT78 4PX. The principal activity of the company during the year was advisory services to businesses working in the steel industry.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in accordance with FRS 102.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and Machinery | - | 20% reducing balance
| Office Equipment | - | 33% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Tangible assets

| Plant and machinery | Office Furniture | Total
| £ | £ | £
Cost |  |  |
At 1 October 2024 and 30 September 2025 | 25,514 | 700 | 26,214
| -------- | ---- | --------
Depreciation |  |  |
At 1 October 2024 | 18,220 | 700 | 18,920
Charge for the year | 1,824 | – | 1,824
| -------- | ---- | --------
At 30 September 2025 | 20,044 | 700 | 20,744
| -------- | ---- | --------
Carrying amount |  |  |
At 30 September 2025 | 5,470 | – | 5,470
| -------- | ---- | --------
At 30 September 2024 | 7,294 | – | 7,294
| -------- | ---- | --------

5. Investments

| Shares in participating interests
| £
Cost |
At 1 October 2024 and 30 September 2025 | 603,000
| ---------
Impairment |
At 1 October 2024 and 30 September 2025 | –
| ---------

Carrying amount |
At 30 September 2025 | 603,000
| ---------
At 30 September 2024 | 603,000
| ---------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 112,434 | 96,921
| --------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 1,634 | 1,634
Other creditors | 9,300 | 3,185
| -------- | -------
| 10,934 | 4,819
| -------- | -------

8. Directors' advances, credits and guarantees
During the year the directors advanced to the company £6,115. As at 30 September 2025 the balance owed to the directors was £9,300. (2024: £3,185).