ACCOUNTS - Final Accounts

N. S. TIMBER LIMITED - Company Information

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Registered number: 03264500

N. S. TIMBER LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

N. S. TIMBER LIMITED

Company Information

Director	N V Smith


Company secretary	N V Smith


Registered number	03264500


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

N. S. TIMBER LIMITED

Registered number: 03264500

Balance sheet

As at 30 November 2018

		2018		2017
Note		£		£

Fixed assets
Investments	4		942,705		844,845
			942,705		844,845
Current assets
Cash at bank and in hand		41,813		97,959
		41,813		97,959
Creditors: amounts falling due within one year	5	(6,000)		(5,280)
Net current assets			35,813		92,679
Total assets less current liabilities			978,518		937,524

Net assets			978,518		937,524

Capital and reserves
Called up share capital	6	250,000	250,000
Share premium account		234,836	234,836
Profit and loss account		493,682	452,688
		978,518	937,524

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N. S. TIMBER LIMITED

Registered number: 03264500

Balance sheet (continued)

As at 30 November 2018

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The 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 the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2019.

................................................

N V Smith

Director

The notes on pages 3 to 4 form part of these financial statements.

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N. S. TIMBER LIMITED

Notes to the financial statements

For the Year Ended 30 November 2018

1.	General information

N.S. Timber Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03264500. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Unlisted investments are recorded at cost less any provision for impairment.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.4

Creditors

Short term creditors are measured at the transaction price.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

2.6

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

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N. S. TIMBER LIMITED

Notes to the financial statements

For the Year Ended 30 November 2018

4.	Fixed asset investments

		Unlisted investments
		£
	Cost
	At 1 December 2017	844,845
	Additions	97,860
	At 30 November 2018	942,705

5.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Other creditors	1,680	1,680
Accruals and deferred income	4,320	3,600
	6,000	5,280

6.	Share capital
		2018	2017
		£	£

Allotted, called up and fully paid

500,000 (2017 - 500,000) Ordinary shares of £0.50 each	250,000	250,000

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