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REGISTERED NUMBER: 09859890 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

NIZA FORECOURT LTD

NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NIZA FORECOURT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: V Ragunathan





REGISTERED OFFICE: 15 The Gallop
Sutton
SM2 5RU





REGISTERED NUMBER: 09859890 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 856,852 963,958
Tangible assets 5 791,281 799,157
Investments 6 - 646
1,648,133 1,763,761

CURRENT ASSETS
Stocks 76,816 148,714
Debtors 2,161,766 1,531,019
Cash at bank and in hand 4,578 2,421
2,243,160 1,682,154
CREDITORS
Amounts falling due within one year 1,439,473 697,236
NET CURRENT ASSETS 803,687 984,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,451,820

2,748,679

CREDITORS
Amounts falling due after more than one
year

7

(1,872,567

)

(2,345,731

)

PROVISIONS FOR LIABILITIES 9 (5,719 ) -
NET ASSETS 573,534 402,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 573,434 402,848
573,534 402,948

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

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

NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 March 2024 and were signed by:





V Ragunathan - Director


NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Niza Forecourt 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 15 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 1,606,600
AMORTISATION
At 1 June 2022 642,642
Amortisation for year 107,106
At 31 May 2023 749,748
NET BOOK VALUE

At 31 May 2023 856,852
At 31 May 2022 963,958

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 839,505
Additions 2,378
At 31 May 2023 841,883
DEPRECIATION
At 1 June 2022 40,348
Charge for year 10,254
At 31 May 2023 50,602
NET BOOK VALUE
At 31 May 2023 791,281
At 31 May 2022 799,157

NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)

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

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2022 646
Impairments (646 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 646

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,872,567 1,770,731

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,005,000 1,897,086

The bank loan is for a term of 5 years from draw down and at an interest of 2.45% over banks base rate. The loan is secured by a legal charge over the freehold property owned by the company, debenture over all assets of the company and cross guarantees from Niza Superstores (Eastbourne) Limited, Niza Southwater Limited and Niza Enterprises Limited.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,719 -

Deferred
tax
£   
Provided during year 5,719
Balance at 31 May 2023 5,719

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £95,000 (2022 - £170,000) were paid to the director .

NIZA FORECOURT LTD (REGISTERED NUMBER: 09859890)

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

10. RELATED PARTY DISCLOSURES - continued

Entities with control, joint control or significant influence over the entity

2023 2022
£ £
Niza Superstores (Eastbourne) Ltd
A company in which Mr Ragunathan is Director and shareholders.
Amount due to related party is interest free & unsecured Loans.

Amount due to / (from) related party at the balance sheet date 602,084 510,359
====== ======

Niza Southwater Ltd
A company in which Mr Ragunathan is Director and shareholders.
Amount due to related party is interest free & unsecured Loans.

Amount due to / (from) related party at the balance sheet date (288,751 ) (169,202 )
====== ======

Threeways Petrol Station Ltd
A company in which Mr Ragunathan is Director and shareholders.
Amount due to related party is interest free & unsecured Loans.

Amount due to / (from) related party at the balance sheet date 106,640 0
====== ======

Niza Enterprise Ltd
A company in which Mr Ragunathan is Director and shareholders.
Amount due to related party is interest free & unsecured Loans.

Amount due to / (from) related party at the balance sheet date (1,704,894 ) (689,257 )
====== ======

Niza Construction Ltd
A company in which Mr Ragunathan is Director and shareholders.
Amount due to related party is interest free & unsecured Loans.

Amount due to / (from) related party at the balance sheet date (50,565 ) 5,950
====== ======


Niza Retail Ltd
A company in which Mr Ragunathan is Director and shareholders.
Amount due from related party is interest free & unsecured Loans.

Amount due to / (from) related party at the balance sheet date 0 (583,058 )
====== ======