REGISTERED NUMBER: 13661114 (England and Wales)

NATTERGAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

P G Davies

C R Burrell

D Mulder

R W Taylor

K O Brien

A J Struthers

S L Payne

REGISTERED OFFICE:

C/O External Services Limited

20 Central Avenue

St Andrews Business Park

Norwich

NR7 0HR

REGISTERED NUMBER:

13661114 (England and Wales)

SENIOR STATUTORY AUDITOR:

Theo Banos BA FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

HSBC Bank Plc

69 Pall Mall

London

SW1Y 5EY

FIXED ASSETS

Tangible assets

4

18,391

14,589

Investments

5

119,111

118,978

137,502

133,567

CURRENT ASSETS

Debtors

6

31,886,264

31,429,855

Cash at bank and in hand

5,456,496

6,659,293

37,342,760

38,089,148

CREDITORS

Amounts falling due within one year

7

205,709

113,387

NET CURRENT ASSETS

37,137,051

37,975,761

TOTAL ASSETS LESS CURRENT LIABILITIES

37,274,553

38,109,328

CAPITAL AND RESERVES

Called up share capital

8

506

506

Share premium

39,985,107

39,985,107

Retained earnings

(2,711,060

)

(1,876,285

)

SHAREHOLDERS' FUNDS

37,274,553

38,109,328

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 15 June 2026 and were signed on its behalf by:

S L Payne - Director

1.	STATUTORY INFORMATION

Nattergal 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.

The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £.

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 are prepared on a going concern basis under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Computer equipment

-

Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each financial reporting date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments

The company has chosen to adopt FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments in subsidiaries are recognised at cost less impairment.

Other investments represent unlisted investments and are recognised at cost less impairment.

Basis of consolidation

The company has not prepared group accounts as it qualified as a small sized group and as such has taken advantage of exemption from preparing group accounts under section 398 Companies Act 2006. These accounts therefore only relate to the parent undertaking.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

22,583

Additions

14,422

At 31 December 2025

37,005

DEPRECIATION

At 1 January 2025

7,994

Charge for year

10,620

At 31 December 2025

18,614

NET BOOK VALUE

At 31 December 2025

18,391

At 31 December 2024

14,589

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2025

5

118,973

118,978

Additions

-

133

133

At 31 December 2025

5

119,106

119,111

NET BOOK VALUE

At 31 December 2025

5

119,106

119,111

At 31 December 2024

5

118,973

118,978

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

31,828,254

31,406,759

Other debtors

60

-

VAT

42,037

5,380

Prepayments and accrued income

15,913

17,716

31,886,264

31,429,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

37,101

6,520

Other taxes and social security

123,924

49,537

Accruals and deferred income

44,684

57,330

205,709

113,387

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary shares

10p

500

500

556

Growth shares

1p

6

6

506

506

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Theo Banos BA FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor