NEXGEN RESEARCH LTD

Company Registration Number:
15655422 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 17 April 2024

End date: 30 April 2025

NEXGEN RESEARCH LTD

Contents of the Financial Statements

for the Period Ended 30 April 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEXGEN RESEARCH LTD

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

The principal activity of the Company during the reporting period was the provision of management consultancy services other than financial management (SIC code 70229). The Company's activities included strategic and management advisory services, operational improvement and business process consulting, project management and implementation advisory, and business research, analysis and reporting.

Additional information

During the reporting period, the Company generated turnover of £78,900 and profit after taxation of £2,430. No dividends were paid during the period. At 30 April 2025, the Company had total net assets of £87,430 and cash at bank and in hand of £179,150. The Company’s activities are subject to financial, operational, customer demand, cost, credit and liquidity risks. The Director monitors customer receipts, project expenditure, cash resources, taxation liabilities, long-term financing and other operating commitments. The Director considers that the Company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis. The Company meets the conditions for exemption from audit under section 477 of the Companies Act 2006, subject to the applicable statutory requirements.



Directors

The director shown below has held office during the whole of the period from
17 April 2024 to 30 April 2025

Sofija Fomiceva

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 May 2025

And signed on behalf of the board by:
Name: Sofija Fomiceva
Status: Director

NEXGEN RESEARCH LTD

Profit And Loss Account

for the Period Ended 30 April 2025

2025


£
Turnover: 78,900
Cost of sales: ( 70,377 )
Gross profit(or loss): 8,523
Distribution costs: 0
Administrative expenses: ( 5,523 )
Other operating income: 0
Operating profit(or loss): 3,000
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 3,000
Tax: ( 570 )
Profit(or loss) for the financial year: 2,430

NEXGEN RESEARCH LTD

Balance sheet

As at 30 April 2025

Notes 2025


£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 50,000
Tangible assets: 4 70,000
Investments: 5 491,000
Total fixed assets: 611,000
Current assets
Stocks:   0
Debtors: 6 62,000
Cash at bank and in hand: 179,150
Investments: 7 585,850
Total current assets: 827,000
Prepayments and accrued income: 16,000
Creditors: amounts falling due within one year: 8 ( 3,000 )
Net current assets (liabilities): 840,000
Total assets less current liabilities: 1,451,000
Creditors: amounts falling due after more than one year: 9 ( 1,343,570 )
Provision for liabilities: 0
Accruals and deferred income: ( 20,000 )
Total net assets (liabilities): 87,430
Capital and reserves
Called up share capital: 85,000
Share premium account: 0
Other reserves: 0
Profit and loss account: 2,430
Total Shareholders' funds: 87,430

The notes form part of these financial statements

NEXGEN RESEARCH LTD

Balance sheet statements

For the year ending 30 April 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 May 2025
and signed on behalf of the board by:

Name: Sofija Fomiceva
Status: Director

The notes form part of these financial statements

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents revenue earned from the provision of management consultancy services during the reporting period. Revenue is recognised when the relevant services have been provided and the Company's performance obligations have been satisfied.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are recognised at cost and depreciated over their estimated useful lives.

    Intangible fixed assets amortisation policy

    Intangible assets are recognised at cost and amortised over their estimated useful lives.

    Valuation information and policy

    The financial statements have been prepared on the historical cost basis. Intangible assets and tangible fixed assets are recognised at cost, with amortisation and depreciation charged over their estimated useful lives, respectively.

    Other accounting policies

    Trade debtors are initially recognised at transaction value and subsequently measured at amortised cost. Cash and cash equivalents comprise cash held with recognised financial institutions and funds available on demand. Prepayments are recognised as expenses over the periods to which the relevant goods or services relate. Creditors are initially recognised at transaction value and subsequently measured at amortised cost. Current taxation represents the Corporation Tax charge recognised in respect of the reporting period. Ordinary share capital is classified as equity. Retained earnings represent cumulative profits and losses attributable to the shareholders after accounting for dividends.

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025
    Average number of employees during the period 7

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 0 50,833 50,833
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 April 2025 0 50,833 50,833
Amortisation
Charge for year 0 833 833
On disposals 0 0 0
Other adjustments 0 0 0
At 30 April 2025 0 833 833
Net book value
At 30 April 2025 0 50,000 50,000

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 0 0 71,160 0 71,160
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2025 0 0 0 71,160 0 71,160
Depreciation
Charge for year 0 0 0 1,160 0 1,160
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2025 0 0 0 1,160 0 1,160
Net book value
At 30 April 2025 0 0 0 70,000 0 70,000

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Fixed assets investments note

Fixed asset investments amounted to £491,000 at 30 April 2025.

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

6. Debtors

2025
£
Trade debtors 62,000
Prepayments and accrued income 0
Other debtors 0
Total 62,000
Debtors due after more than one year: 0

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

7. Current assets investments note

Current investments amounted to £585,850 as at 30 April 2025.

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

8. Creditors: amounts falling due within one year note

2025
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 2,430
Taxation and social security 570
Accruals and deferred income 0
Other creditors 0
Total 3,000

NEXGEN RESEARCH LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

9. Creditors: amounts falling due after more than one year note

2025
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 1,343,570
Total 1,343,570