NIL PLUS ULTRA VENTURES LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05185903

NIL PLUS ULTRA VENTURES LIMITED

Filleted Unaudited Financial Statements

31 July 2025

NIL PLUS ULTRA VENTURES LIMITED

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		12,456	15,083

Current assets

Cash at bank and in hand	134,343		143,476

Creditors: amounts falling due within one year	6	93,666		98,235
		---------		---------
Net current assets			40,677	45,241
			--------	--------
Total assets less current liabilities			53,133	60,324

Provisions

Taxation including deferred tax	3,114	3,771
	--------	--------
Net assets	50,019	56,553
	--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	50,017	56,551
	--------	--------
Shareholders funds	50,019	56,553
	--------	--------

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 31 July 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 .

NIL PLUS ULTRA VENTURES LIMITED

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

R. A. FEDDER

Director

Company registration number: 05185903

NIL PLUS ULTRA VENTURES LIMITED

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, in respect of the principal activity.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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 & Machinery	-	15 years Straight line
Office Equipment	-	20 % reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 August 2024 and 31 July 2025	29,196	13,524	42,720
	--------	--------	--------
Depreciation
At 1 August 2024	17,518	10,119	27,637
Charge for the year	1,946	681	2,627
	--------	--------	--------
At 31 July 2025	19,464	10,800	30,264
	--------	--------	--------
Carrying amount
At 31 July 2025	9,732	2,724	12,456
	--------	--------	--------
At 31 July 2024	11,678	3,405	15,083
	--------	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	71,812	71,347
Social security and other taxes	15,488	15,754
Other creditors- Overpayment	60	59
Other creditors	6,306	11,075
	--------	--------
	93,666	98,235
	--------	--------

Other creditors include balances due to the directors of £4,006 (2024: £8,703), which are unsecured, interest free and repayable on demand.