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REGISTERED NUMBER: 08935214 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

N & I INVESTMENTS LTD

N & I INVESTMENTS LTD (REGISTERED NUMBER: 08935214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N & I INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: I S Toot





SECRETARY: Ms N K Toot





REGISTERED OFFICE: 2 The Links
Herne Bay
Kent
CT6 7GQ





BUSINESS ADDRESS: 2a Sylvan Avenue
Hornchurch
Essex
RM11 2PN





REGISTERED NUMBER: 08935214 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

N & I INVESTMENTS LTD (REGISTERED NUMBER: 08935214)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,032 2,709

CURRENT ASSETS
Debtors 6 150,567 199,792
Cash at bank 567 1,122
151,134 200,914
CREDITORS
Amounts falling due within one year 7 26,342 62,681
NET CURRENT ASSETS 124,792 138,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,824

140,942

CREDITORS
Amounts falling due after more than one
year

8

39,137

44,137
NET ASSETS 87,687 96,805

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 87,587 96,705
SHAREHOLDERS' FUNDS 87,687 96,805

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 22nd August 2023 and were signed by:





I S Toot - Director


N & I INVESTMENTS LTD (REGISTERED NUMBER: 08935214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

N & I Investments Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rentals invoiced, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on a straight line basis

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.

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.

Going concern
The accounts are prepared on a going concern basis, as the director has pledged to provide funds to meet liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

N & I INVESTMENTS LTD (REGISTERED NUMBER: 08935214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 3,612 2,044 5,656
DEPRECIATION
At 1st April 2022 903 2,044 2,947
Charge for year 677 - 677
At 31st March 2023 1,580 2,044 3,624
NET BOOK VALUE
At 31st March 2023 2,032 - 2,032
At 31st March 2022 2,709 - 2,709

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 150,567 199,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security - 50,812
Other creditors 21,342 6,869
26,342 62,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 39,137 44,137

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,137 24,137

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

N & I INVESTMENTS LTD (REGISTERED NUMBER: 08935214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

10. RELATED PARTY DISCLOSURES

Within other debtors are the following transactions:

£28,149, which has been loaned to 2 Victoria Parade Ltd. A company in which Mr I Toot owns a third of the issued share capital.

£122,309, which has been loaned to Anaya Assets Ltd. A company in which Mr I Toot owns 50% of the issued share capital.


Within other creditors are the following transactions:

£14,492, which has been loaned by N & I Holdings Ltd. A company in which Mr Toot owns 50% of the issued share capital.