Nosstrom Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11982141 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

FOR

NOSSTROM LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L J G Malmstrom

Mrs M U Malmstrom

REGISTERED OFFICE:

4 The Crescent

Adel

Leeds

LS16 6AA

REGISTERED NUMBER:

11982141 (England and Wales)

ACCOUNTANTS:

D & J Randles

Chartered Accountants

4 The Crescent

Adel

Leeds

West Yorkshire

LS16 6AA

FIXED ASSETS

Tangible assets

4

770

-

Investment property

5

162,553

158,554

163,323

158,554

CURRENT ASSETS

Cash at bank

3,198

2,195

CREDITORS

Amounts falling due within one year

191,896

181,836

NET CURRENT LIABILITIES

(188,698

)

(179,641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,375

)

(21,087

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(25,475

)

(21,187

)

SHAREHOLDERS' FUNDS

(25,375

)

(21,087

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2022 and were signed on its behalf by:

L J G Malmstrom - Director

1.	STATUTORY INFORMATION

Nosstrom Ltd is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Although liabilities exceed assets at the balance sheet date, the accounts have been prepared on a going concern basis, because in the opinion of the directors, the company will have sufficient finance to enable it to continue trading for the foreseeable future.

Turnover

Turnover represents net rents receivable. The company is not registered for value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,026

At 31 May 2021

1,026

DEPRECIATION

Charge for year

256

At 31 May 2021

256

NET BOOK VALUE

At 31 May 2021

770

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2020

158,554

Additions

3,999

At 31 May 2021

162,553

NET BOOK VALUE

At 31 May 2021

162,553

At 31 May 2020

158,554

In the opinion of the directors, the market value of the investment property is not materially different to its book value at the year end.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100