ACCOUNTS - Final Accounts preparation

Registered number: 12465309

NONEMORE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


NONEMORE LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


NONEMORE LIMITED REGISTERED NUMBER:12465309

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

	2025	2024
Note	£	£


Current assets
Stocks	4	19,626	18,489
Debtors: amounts falling due within one year	5	126,175	137,096
Bank and cash balances		54,211	101,225
		200,012	256,810
Current liabilities
Creditors: amounts falling due within one year	6	(422,254)	(480,928)
Net liabilities		(222,242)	(224,118)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(222,243)	(224,119)
		(222,242)	(224,118)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 September 2026.

M R Freud

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


NONEMORE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Nonemore Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office and business address is 1 Stephen Street, London, W1T 1AL.

The principal activity of the Company is the operation of arts facilities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date the Company had net liabilities of £222,242 (2024 - £224,118). The director is satisfied that the Company will have sufficient funds to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore, the director has prepared the accounts on a going concern basis.

2.3

Revenue

Turnover comprises revenue recognised by the Company in respect of the sale of art and sales commissions, exclusive of Value Added Tax.

Revenue in respect of both the sale of art sale and commissions is recognised at the point of sale.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Page 2


NONEMORE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.10

Creditors

Short term creditors are measured at the transaction price.

3.	Employees
	The Company has no employees.

4.	Stocks
		2025	2024
		£	£

	Stocks - work in progress	19,626	18,489

Debtors

					2025	2024
					£	£

Trade debtors	-	11,141
Amounts owed by group undertakings	9,076	9,076
Other debtors	117,099	116,879
	126,175	137,096

Page 3


NONEMORE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	175
Amounts owed to group undertakings	78,346	86,512
Taxation and social security	36	75
Other creditors	342,872	393,167
Accruals and deferred income	1,000	999
	422,254	480,928

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £0.01 each	1	1

Page 4