REGISTERED NUMBER: 02924619 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

NLA Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N P McKeogh

P M McKeogh

Mrs G Syed

M J Cassidy

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Docklands

London

E14 9XL

REGISTERED NUMBER:

02924619 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Intangible assets

4

-

18,470

Tangible assets

5

3,427,399

2,140,895

3,427,399

2,159,365

CURRENT ASSETS

Debtors

6

816,637

877,500

Cash at bank and in hand

26,523

148,783

843,160

1,026,283

CREDITORS

Amounts falling due within one year

7

2,117,312

1,909,502

NET CURRENT LIABILITIES

(1,274,152

)

(883,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,153,247

1,276,146

CREDITORS

Amounts falling due after more than one year

8

-

(120,000

)

PROVISIONS FOR LIABILITIES

(844,860

)

(522,690

)

NET ASSETS

1,308,387

633,456

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Non distributable reserve

11

1,840,429

1,245,898

Retained earnings

(533,042

)

(613,442

)

SHAREHOLDERS' FUNDS

1,308,387

633,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 19 June 2026 and were signed on its behalf by:

N P McKeogh - Director

1.	STATUTORY INFORMATION

NLA 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Income is recognised as services are performed and as the events take place. Income invoiced in the year for services and events that take place after the year end has been deferred.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five 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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Models

-

Straight line over 20 years

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on 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.

Pension costs

The company contributes to individual employee's workplace personal pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

36,895

253,246

290,141

AMORTISATION

At 1 October 2024

36,895

234,776

271,671

Charge for year

-

18,470

18,470

At 30 September 2025

36,895

253,246

290,141

NET BOOK VALUE

At 30 September 2025

-

-

-

At 30 September 2024

-

18,470

18,470

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 October 2024

4,029,124

Additions

131,778

Revaluations

(99,731

)

At 30 September 2025

4,061,171

DEPRECIATION

At 1 October 2024

1,888,229

Charge for year

218,819

Revaluation adjustments

(1,473,276

)

At 30 September 2025

633,772

NET BOOK VALUE

At 30 September 2025

3,427,399

At 30 September 2024

2,140,895

Cost or valuation at 30 September 2025 is represented by:

Plant and

machinery

etc

£

Valuation in 2019

1,973,418

Valuation in 2021

709,371

Valuation in 2026

(99,731

)

Cost

1,478,113

4,061,171

If Models had not been revalued they would have been included at the following historical cost:

30.9.25

30.9.24

£

£

Cost

927,162

805,162

Models were valued on market value basis on 30 September 2025 by directors valuation .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

222,095

291,415

Amounts owed by group undertakings

25,702

20,709

Other debtors

568,840

565,376

816,637

877,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

120,000

160,000

Trade creditors

804,996

182,813

Taxation and social security

47,380

153,889

Other creditors

1,144,936

1,412,800

2,117,312

1,909,502

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

-

120,000

The term of the loan is for 6 years and the Interest payable is 2.34% above the base rate.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.25

30.9.24

£

£

Within one year

86,657

86,657

Between one and five years

151,649

238,305

238,306

324,962

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

120,000

280,000

The Corona Virus Interruption Business Loan (CIBLS) is secured with a fixed plus floating charge by Natwest Bank covering all the property and undertakings of the company.

11.

RESERVES

Non

distributable

reserve

£

At 1 October 2024

1,245,898

Non distributable reserve

717,026

Deferred tax on revaluations

(122,495

)

At 30 September 2025

1,840,429

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

13.	CILNF GRANT

NLA Limited received a grant of £65,000 from CILNF with reference number 21394. The grant was used for expenditure that occurred as follows:

30th September 2024 - £50,833.28

30th September 2025 - £14,166.72

The full grant had been utilised by the end of this financial year as per the requirements set out.