Nam & Co London Limited Filleted accounts for Companies House (small and micro)

NAM & CO LONDON LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04104666

NAM & CO LONDON LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2017

NAM & CO LONDON LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

NAM & CO LONDON LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	C Y Pham
	T A Pham

Company secretary	C Y Pham

Registered office	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

Accountants	BSG Valentine (UK) LLP
	Chartered Accountants
	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

NAM & CO LONDON LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2017

	2017		2016
Note	£	£	£	£

Current assets

Debtors	5	35,449	82,436
Cash at bank and in hand		95,653	50,552
		---------	---------
		131,102	132,988

Creditors: amounts falling due within one year	6	101,024		104,287
		---------		---------
Net current assets			30,078		28,701
			--------		--------
Total assets less current liabilities			30,078		28,701
			--------		--------
Net assets			30,078		28,701
			--------		--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	29,978	28,601
	--------	--------
Shareholders funds	30,078	28,701
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 September 2018 , and are signed on behalf of the board by:

T A Pham

Director

Company registration number: 04104666

NAM & CO LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2016: 2 ).

5. Debtors

	2017	2016
	£	£
Trade debtors	3,319	26,095
Other debtors	32,130	56,341
	--------	--------
	35,449	82,436
	--------	--------

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	–	594
Amounts owed to group undertakings and undertakings in which the company has a participating interest	91,024	87,203
Social security and other taxes	–	6,490
Other creditors	10,000	10,000
	---------	---------
	101,024	104,287
	---------	---------

Details of security held by the company's bankers are as follows.

Debenture including fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future dated 03 September 2003.

Company unlimited multilateral guarantee dated 20 August 2003 given by London Wholesale Clothing Limited, New World Fashion Group Plc, New World Clothing Limited, Dongtai International Limited and Spirit Clothing Limited.

7. Directors' advances, credits and guarantees

During the year, the company paid £8,000 (2016: £48,000) to the director in relation to the rental of premises.

8. Related party transactions

As at the year end the company was owed £27,028 (2016: £22,694) by Pham Properties Limited, a company related by common directorship. The company has taken advantage of the exemption available in FRS102 Section 33 Related Party Disclosures not to disclose transactions entered into between members of a group since any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

9. Controlling party

The company is a wholly owned subsidiary of New World Fashion Group Limited, a company incorporated in the United Kingdom.