REGISTERED NUMBER:
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NAFD VENTURES LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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REGISTERED NUMBER:
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NAFD VENTURES LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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NAFD VENTURES LIMITED (REGISTERED NUMBER: 09981651) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 4 |
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NAFD VENTURES LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants and Statutory Auditor |
31 St John's |
Worcester |
Worcestershire |
WR2 5AG |
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BANKERS: |
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34 Poplar Road |
Solihull |
West Midlands |
B91 3AF |
NAFD VENTURES LIMITED (REGISTERED NUMBER: 09981651) |
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BALANCE SHEET |
31 MARCH 2022 |
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2022 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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NAFD VENTURES LIMITED (REGISTERED NUMBER: 09981651) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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1. | STATUTORY INFORMATION |
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NAFD Ventures Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
Going concern |
The directors are confident that the company has the operating assets and engagement of competent operatives to service continuing activity. The directors therefore consider it appropriate to continue to prepare the financial statements on a going concern basis. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2020 - NIL). |
NAFD VENTURES LIMITED (REGISTERED NUMBER: 09981651) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 January 2021 |
and 31 March 2022 |
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AMORTISATION |
At 1 January 2021 |
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Charge for period |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 December 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2020 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is NAFD CLG, a private company registered in England, company number 10885901. |