Cantina Ncl Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14753217

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		70,008		72,316

			70,008		72,316
CURRENT ASSETS
Stocks	5	2,604		-
Debtors	6	11,152		9,910
Cash at bank and in hand		37,682		9,432

		51,438		19,342
Creditors: Amounts Falling Due Within One Year	7	(57,362 )		(42,554 )

NET CURRENT ASSETS (LIABILITIES)			(5,924 )		(23,212 )

TOTAL ASSETS LESS CURRENT LIABILITIES			64,084		49,104

Creditors: Amounts Falling Due After More Than One Year	8		(53,609 )		(56,935 )

NET ASSETS/(LIABILITIES)			10,475		(7,831 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			10,473		(7,833 )

SHAREHOLDERS' FUNDS			10,475		(7,831)

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Cantina Ncl Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mark Brown

Director

14/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cantina Ncl Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14753217 . The registered office is 43 Heaton Grove, Newcastle upon Tyne, NE6 5NP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over the term of the lease
Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Cantina Ncl Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.8. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.9. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2025	75,463	5,214	15,000	95,677
Additions	9,823	3,764	-	13,587

As at 31 March 2026	85,286	8,978	15,000	109,264

Depreciation
As at 1 April 2025	15,092	1,706	6,563	23,361
Provided during the period	12,148	1,638	2,109	15,895

As at 31 March 2026	27,240	3,344	8,672	39,256

Net Book Value
As at 31 March 2026	58,046	5,634	6,328	70,008

As at 1 April 2025	60,371	3,508	8,437	72,316

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Cantina Ncl Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Stocks

	2026	2025
	£	£
Stock	2,604	-

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	11,152	9,910

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,860	3,086
Bank loans and overdrafts	4,302	3,065
Other creditors	36,624	36,403
Taxation and social security	9,576	-

	57,362	42,554

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	53,609	56,935

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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