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REGISTERED NUMBER: 01604981 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 30 SEPTEMBER 2023

FOR

NESCO INVESTMENTS LIMITED

NESCO INVESTMENTS LIMITED (REGISTERED NUMBER: 01604981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

NESCO INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 30 SEPTEMBER 2023







DIRECTORS: Mrs V P de Kretser
S J Cockburn
N J M O'Rorke





SECRETARY: Thrings Company Secretarial Limited





REGISTERED OFFICE: 6 Drakes Meadow
Penny Lane
Swindon
Wiltshire
SN3 3LL





REGISTERED NUMBER: 01604981 (England and Wales)





ACCOUNTANTS: Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR

NESCO INVESTMENTS LIMITED (REGISTERED NUMBER: 01604981)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 318,572 987,631

CURRENT ASSETS
Debtors 5 - 507,897
Cash at bank 118,585 171,224
118,585 679,121
CREDITORS
Amounts falling due within one year 6 - 18,243
NET CURRENT ASSETS 118,585 660,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,157

1,648,509

PROVISIONS FOR LIABILITIES - 15,316
NET ASSETS 437,157 1,633,193

CAPITAL AND RESERVES
Called up share capital 300,000 1,478,454
Capital redemption reserve - 59,826
Retained earnings 137,157 94,913
SHAREHOLDERS' FUNDS 437,157 1,633,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 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.

NESCO INVESTMENTS LIMITED (REGISTERED NUMBER: 01604981)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Board of Directors and authorised for issue on 1 October 2023 and were signed on its behalf by:





N J M O'Rorke - Director


NESCO INVESTMENTS LIMITED (REGISTERED NUMBER: 01604981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Nesco Investments 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 as modified by the revaluation of certain assets.

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.

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 period 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.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group.The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 4 ) .

NESCO INVESTMENTS LIMITED (REGISTERED NUMBER: 01604981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 30 SEPTEMBER 2023

4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 341,771 645,860 987,631
Disposals (261,161 ) (327,288 ) (588,449 )
Revaluations (80,610 ) - (80,610 )
At 30 September 2023 - 318,572 318,572
NET BOOK VALUE
At 30 September 2023 - 318,572 318,572
At 30 June 2022 341,771 645,860 987,631

Cost or valuation at 30 September 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 318,572

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Nigerian Electricity Supply Corporation (Nigeria) Limited
Registered office: 10 Barkin Ladi Road, Bukuru, Plateau State, Nigeria
Nature of business: Generation & distribution of electric power.
%
Class of shares: holding
Ordinary 11.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 7,428,116 12,833,352
Profit/(loss) for the year 95,297 (235,640 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.6.22
£    £   
Amounts Owed by Subsidiary
Undertaking - 476,579
NNL Cash Balance Owing - 10,821
NNL Dividends Owing - 20,497
- 507,897

NESCO INVESTMENTS LIMITED (REGISTERED NUMBER: 01604981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.6.22
£    £   
Taxation - (420 )
Other Creditors - 11,000
Accrued Expenses - 7,663
- 18,243

NESCO INVESTMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NESCO INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 September 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR


1 October 2023