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REGISTERED NUMBER: 07154280 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

NLJ HOLDINGS LIMITED

NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NLJ HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J W Luckett
L M Luckett





REGISTERED OFFICE: The Cast Iron Radiator Centre
Torrington Avenue
Coventry
CV4 9HL





REGISTERED NUMBER: 07154280 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,535,240 1,571,881
Investments 5 1,971,794 1,700,670
Investment property 6 1,000,000 1,000,000
4,507,034 4,272,551

CURRENT ASSETS
Debtors 7 189,154 392,019
Cash at bank 3,763,517 3,357,127
3,952,671 3,749,146
CREDITORS
Amounts falling due within one year 8 329,292 223,345
NET CURRENT ASSETS 3,623,379 3,525,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,130,413

7,798,352

PROVISIONS FOR LIABILITIES 18,315 18,315
NET ASSETS 8,112,098 7,780,037

CAPITAL AND RESERVES
Called up share capital 100 2
Fair value reserve 9 423,094 573,829
Retained earnings 7,688,904 7,206,206
SHAREHOLDERS' FUNDS 8,112,098 7,780,037

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

BALANCE SHEET - continued
30 JUNE 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 6 October 2023 and were signed on its behalf by:





J W Luckett - Director


NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

NLJ Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about NLJ Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Interests in joint ventures are stated at cost, adjusted for the actual performance of the joint venture, using the equity method of accounting.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1,644,593 25,000 1,669,593
DEPRECIATION
At 1 July 2022 87,712 10,000 97,712
Charge for year 32,891 3,750 36,641
At 30 June 2023 120,603 13,750 134,353
NET BOOK VALUE
At 30 June 2023 1,523,990 11,250 1,535,240
At 30 June 2022 1,556,881 15,000 1,571,881

NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 2 1,700,668 1,700,670
Additions - 814,440 814,440
Disposals - (392,581 ) (392,581 )
Revaluations - (150,735 ) (150,735 )
At 30 June 2023 2 1,971,792 1,971,794
NET BOOK VALUE
At 30 June 2023 2 1,971,792 1,971,794
At 30 June 2022 2 1,700,668 1,700,670

Cost or valuation at 30 June 2023 is represented by:

Shares in Interest
group in joint Other
undertakings venture investments Totals
£    £    £    £   
Valuation in 2019 2 1,000,000 1,465,870 2,465,872
Valuation in 2020 - 117,520 78,960 196,480
Valuation in 2021 - (717,520 ) 253,603 (463,917 )
Valuation in 2022 - (400,000 ) (97,765 ) (497,765 )
Valuation in 2023 - - 271,124 271,124
2 - 1,971,792 1,971,794

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,729,571 1,307,531
Aggregate provisions (242,221 ) (393,137 )

Joint venture
The company holds a 50% interest in Aspects (Earlsdon) Limited. The nature of the business is that of investment property. The initial investment is stated at historic cost and the financial results are consolidated in these accounts using the equity method of accounting.

NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,000,000
NET BOOK VALUE
At 30 June 2023 1,000,000
At 30 June 2022 1,000,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2017 180,873
Cost 819,127
1,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 819,127 819,127

The directors revalued these properties at 30 June 2023 at their present market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 189,154 392,019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 318,220 189,604
Other creditors 11,072 33,741
329,292 223,345

NLJ HOLDINGS LIMITED (REGISTERED NUMBER: 07154280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. RESERVES
Fair
value
reserve
£   
At 1 July 2022 573,829
Transfer to fair value (150,735 )

At 30 June 2023 423,094

10. ULTIMATE CONTROLLING PARTY

There is no controlling party.