Nomadic Spaces Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06710665 (England and Wales)

Unaudited Financial Statements

For The Year Ended

31 March 2023

for

Nomadic Spaces Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Fookes

REGISTERED OFFICE:

Woolmers Farm

Beazley End

Braintree

Essex

CM7 5JJ

REGISTERED NUMBER:

06710665 (England and Wales)

ACCOUNTANT:

Alison Hurrell Limited

44 Church Street

Bocking

Braintree

Essex

CM7 5JY

BANKERS:

Barclays Bank PLC

Bank Street

Braintree

Essex

CM7 7UQ

FIXED ASSETS

Tangible assets

4

59,200

73,082

Investments

5

507,498

507,498

566,698

580,580

CURRENT ASSETS

Debtors

6

30,635

26,619

Cash at bank and in hand

7,524

2,838

38,159

29,457

CREDITORS

Amounts falling due within one year

7

766

8,972

NET CURRENT ASSETS

37,393

20,485

TOTAL ASSETS LESS CURRENT LIABILITIES

604,091

601,065

CREDITORS

Amounts falling due after more than one year

8

744,675

744,675

NET LIABILITIES

(140,584

)

(143,610

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(141,584

)

(144,610

)

SHAREHOLDERS' FUNDS

(140,584

)

(143,610

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 6 July 2023 and were signed by:

R Fookes - Director

1.	STATUTORY INFORMATION

Nomadic Spaces Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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, 20% on reducing balance and at variable rates on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

24,582

343,526

368,108

DEPRECIATION

At 1 April 2022

8,859

286,167

295,026

Charge for year

2,273

11,609

13,882

At 31 March 2023

11,132

297,776

308,908

NET BOOK VALUE

At 31 March 2023

13,450

45,750

59,200

At 31 March 2022

15,723

57,359

73,082

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2022

and 31 March 2023

507,498

NET BOOK VALUE

At 31 March 2023

507,498

At 31 March 2022

507,498

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

6,000

-

Other debtors

24,635

26,619

30,635

26,619

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

182

8,232

Taxation and social security

9

(485

)

Other creditors

575

1,225

766

8,972

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

744,675

744,675

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Directors Long Term loan

744,675

744,675

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company is completely supported by the Director who was owed £744,675 by the Company at the Balance Sheet date.

10.	RELATED PARTY DISCLOSURES

Nomadic Spaces Limited owns 100% shares in The Amazing Tent Company limited of which R Fookes is a director in both companies.