REGISTERED NUMBER: SC371799 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Nonge Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W J H Walters

REGISTERED OFFICE:

61a Queen Street

Edinburgh

United Kingdom

EH2 4NA

REGISTERED NUMBER:

SC371799 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

BANKERS:

Handelsbanken

18 Charlotte Square

Edinburgh

EH2 4DF

FIXED ASSETS

Tangible assets

4

5,050

2,162

Investments

5

27,500

27,500

Investment property

6

325,000

325,000

357,550

354,662

CURRENT ASSETS

Debtors

7

153

7,100

Cash at bank

44,680

21,247

44,833

28,347

CREDITORS

Amounts falling due within one year

8

17,183

19,662

NET CURRENT ASSETS

27,650

8,685

TOTAL ASSETS LESS CURRENT LIABILITIES

385,200

363,347

CREDITORS

Amounts falling due after more than one year

9

(354,588

)

(354,587

)

PROVISIONS FOR LIABILITIES

11

(26,376

)

(25,582

)

NET ASSETS/(LIABILITIES)

4,236

(16,822

)

CAPITAL AND RESERVES

Called up share capital

12

2

2

Fair value reserve

13

28,150

28,150

Retained earnings

13

(23,916

)

(44,974

)

SHAREHOLDERS' FUNDS

4,236

(16,822

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 July 2026 and were signed by:

W J H Walters - Director

1.	STATUTORY INFORMATION

Nonge Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, 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.

Investment property

Investment properties, for which fair value can be measured reliably without undue cost or effort on an ongoing basis, are measured at fair value annually with any change recognised in the profit and loss account.

In accordance with Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investment properties where fair value can be measured reliably without undue cost or effort. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption, and the directors consider that to depreciate them would not give a true and fair view.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2025

14,424

6,381

20,805

Additions

3,569

1,199

4,768

At 31 January 2026

17,993

7,580

25,573

DEPRECIATION

At 1 February 2025

13,136

5,507

18,643

Charge for year

1,143

737

1,880

At 31 January 2026

14,279

6,244

20,523

NET BOOK VALUE

At 31 January 2026

3,714

1,336

5,050

At 31 January 2025

1,288

874

2,162

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

27,500

NET BOOK VALUE

At 31 January 2026

27,500

At 31 January 2025

27,500

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

325,000

NET BOOK VALUE

At 31 January 2026

325,000

At 31 January 2025

325,000

The director has confirmed that the carrying value of the investment property as at 31st January 2026 is fairly valued at £325,000 (2025: £325,000).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

153

4,600

Other debtors

-

2,500

153

7,100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Taxation and social security

1,628

2,549

Other creditors

15,555

17,113

17,183

19,662

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

154,588

154,587

Other creditors

200,000

200,000

354,588

354,587

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

154,588

154,587

Aldermore Bank PLC holds a fixed and floating charge over assets of the company.

11.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

26,376

25,582

Deferred

tax

£

Balance at 1 February 2025

25,582

Provided during year

794

Balance at 31 January 2026

26,376

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

20

Ordinary

£0.10

2

2

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2025

(44,974

)

28,150

(16,824

)

Profit for the year

21,058

-

21,058

At 31 January 2026

(23,916

)

28,150

4,234

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

W J H Walters

Balance outstanding at start of year

(8,451

)

13,630

Amounts advanced

31,900

32,519

Amounts repaid

(33,941

)

(54,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(10,492

)

(8,451

)

15.	RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the year end were as follows:

Type of transaction

Amount 31.1.26

Amount 31.1.25

Balance receivable from/(payable to) related party as at 31.1.26

Balance receivable from/(payable to) related party as at 31.1.25

£

£

£

£

Shareholder

Loan

3,600

3,600

(3,226)

(6,826)

Family Member

Loan

-

-

(200,000)

(200,000)

Interest

12,000

12,000

-

-

Company A

Sales

19,684

20,792

-

-

Professional Services

5,440

1,440

-

-

Company B

Professional Services

15,000

10,000

-

-

Dividend

7,273

2,424

-

-

Company C

Investment

15,000

15,000

(15,000)

(15,000)

Company D

Dividend

-

2,500

-

2,500

The director of Nonge Limited is also a director of Company A, Company B, Company C and Company D.

16.	ULTIMATE CONTROLLING PARTY

The controlling party is W J H Walters.