| NEXUM (GROUP) LIMITED |
| Notes to the Accounts |
| for the period from 1 April 2025 to 25 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Equipment, fixtures and fittings |
over 4 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
25/7/25 |
31/3/25 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Equipment, fixtures and fittings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
3,374 |
|
- |
|
3,374 |
|
Additions |
- |
|
103,366 |
|
103,366 |
|
Disposals |
- |
|
(103,366) |
|
(103,366) |
|
At 25 July 2025 |
3,374 |
|
- |
|
3,374 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
3,374 |
|
- |
|
3,374 |
|
At 25 July 2025 |
3,374 |
|
- |
|
3,374 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 25 July 2025 |
- |
|
- |
|
- |
|
At 31 March 2025 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2025 |
150 |
|
Additions |
791,949 |
|
|
At 25 July 2025 |
792,099 |
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Nexum Software Limited |
Ordinary |
100 |
|
1,847,263 |
|
245,574 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
25/7/25 |
31/3/25 |
| £ |
£ |
|
|
Trade debtors |
- |
|
60,000 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
50,000 |
|
|
|
|
|
|
- |
|
110,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
25/7/25 |
31/3/25 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
45,563 |
|
- |
|
Corporation tax |
142,115 |
|
120,492 |
|
Other taxes and social security costs |
9,960 |
|
42,287 |
|
Other creditors |
5,542 |
|
154,021 |
|
|
|
|
|
|
203,180 |
|
316,800 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
NEXUM (GROUP) LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Pavilions |
|
Bridgwater Road |
|
Bristol |
|
BS13 8FD |