IRIS Accounts Production v23.3.0.418 09695699 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096956992021-12-31096956992022-12-31096956992022-01-012022-12-31096956992020-12-31096956992021-01-012021-12-31096956992021-12-3109695699ns10:Originalns15:EnglandWales2022-01-012022-12-3109695699ns14:PoundSterlingns10:Original2022-01-012022-12-3109695699ns10:Originalns10:Director12022-01-012022-12-3109695699ns10:Original2022-01-012022-12-3109695699ns10:Original2022-12-3109695699ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3109695699ns10:Originalns10:SmallEntities2022-01-012022-12-3109695699ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3109695699ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3109695699ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3109695699ns10:Originalns10:FullAccounts2022-01-012022-12-3109695699ns10:Originalns10:RegisteredOffice2022-01-012022-12-3109695699ns10:Original2021-12-3109695699ns10:Originalns5:CurrentFinancialInstruments2022-12-3109695699ns10:Originalns5:CurrentFinancialInstruments2021-12-3109695699ns10:Originalns5:Non-currentFinancialInstruments2022-12-3109695699ns10:Originalns5:Non-currentFinancialInstruments2021-12-3109695699ns5:ShareCapitalns10:Original2022-12-3109695699ns5:ShareCapitalns10:Original2021-12-3109695699ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3109695699ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3109695699ns10:Original2021-01-012021-12-3109695699ns10:Originalns5:PlantMachinery2021-12-3109695699ns10:Originalns5:PlantMachinery2022-01-012022-12-3109695699ns10:Originalns5:PlantMachinery2022-12-3109695699ns10:Originalns5:PlantMachinery2021-12-3109695699ns10:Originalns5:AdditionsToInvestments2022-12-3109695699ns10:Originalns5:CostValuation2022-12-3109695699ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109695699ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3109695699ns5:Securedns10:Original2022-12-3109695699ns5:Securedns10:Original2021-12-31
REGISTERED NUMBER: 09695699 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NINE ELMS REAL ESTATE LTD

NINE ELMS REAL ESTATE LTD (REGISTERED NUMBER: 09695699)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NINE ELMS REAL ESTATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: B Asadi





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 09695699 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

NINE ELMS REAL ESTATE LTD (REGISTERED NUMBER: 09695699)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 591,398 488,188
Investments 5 569,434 -
1,160,832 488,188

CURRENT ASSETS
Debtors 6 1,156,397 1,332,831
Cash at bank and in hand 428,177 344,859
1,584,574 1,677,690
CREDITORS
Amounts falling due within one year 7 1,040,853 1,076,070
NET CURRENT ASSETS 543,721 601,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,704,553

1,089,808

CREDITORS
Amounts falling due after more than one
year

8

(438,500

)

(352,500

)

PROVISIONS FOR LIABILITIES (28,879 ) (5,892 )
NET ASSETS 1,237,174 731,416

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,237,173 731,415
SHAREHOLDERS' FUNDS 1,237,174 731,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

NINE ELMS REAL ESTATE LTD (REGISTERED NUMBER: 09695699)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:





B Asadi - Director


NINE ELMS REAL ESTATE LTD (REGISTERED NUMBER: 09695699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Nine Elms Real Estate 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable net of value added tax on the rendering of services. Turnover is recognised in the period in which the services are rendered in accordance with the stage of completion of the transaction where the outcome of the transaction can be measured reliably. Where the outcome of a transaction cannot be measured reliably, turnover is recognised only to the extent of the expenses incurred for which the likelihood of recovery is probable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Leasehold Improve - 10 % on Straight line
Computer Equipment - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 8 ) .

NINE ELMS REAL ESTATE LTD (REGISTERED NUMBER: 09695699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 557,600
Additions 166,144
At 31 December 2022 723,744
DEPRECIATION
At 1 January 2022 69,412
Charge for year 62,934
At 31 December 2022 132,346
NET BOOK VALUE
At 31 December 2022 591,398
At 31 December 2021 488,188

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
Additions 569,434
At 31 December 2022 569,434
NET BOOK VALUE
At 31 December 2022 569,434

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 31,449 134,049
Amounts owed by group undertakings 5,000 446,622
Other debtors 1,119,948 752,160
1,156,397 1,332,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 120,580 94,000
Trade creditors 24,169 35,753
Amounts owed to group undertakings 129,630 -
Taxation and social security 155,084 188,107
Other creditors 611,390 758,210
1,040,853 1,076,070

NINE ELMS REAL ESTATE LTD (REGISTERED NUMBER: 09695699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 438,500 352,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 559,080 446,500

The debt is secured by way of a debenture containing a fixed and floating charge over all the assets of the company.