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REGISTERED NUMBER: 10701242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Nidus Holdings Limited

Nidus Holdings Limited (Registered number: 10701242)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountant 5

Nidus Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Sargent





SECRETARY: G J Owen





REGISTERED OFFICE: Caldy
Egg Lane
Claines
Worcester
Worcestershire
WR3 7SB





REGISTERED NUMBER: 10701242 (England and Wales)





ACCOUNTANT: Giles Owen Chartered Accountant
1 Croft Lane
Temple Grafton
Alcester
Warwickshire
B49 6PA

Nidus Holdings Limited (Registered number: 10701242)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 5,274,999 5,624,999
Cash at bank 5,020 5,020
5,280,019 5,630,019
CREDITORS
Amounts falling due within one year 6 5,279,920 5,629,920
NET CURRENT ASSETS 99 99
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 9 April 2024 and were signed by:





P Sargent - Director


Nidus Holdings Limited (Registered number: 10701242)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nidus 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Nidus Holdings Limited (Registered number: 10701242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Nidus Properties Limited
Registered office: Caldy, Egg Lane, Claines, Worcester WR3 7SB
Nature of business: Property Letting
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 1,172,235 1,048,471
Profit for the year 123,764 281,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 5,274,999 5,624,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 5,279,920 5,629,920

7. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan in the name of Mr P Sargent of £5,279,920 at the year end (2023-£5,629,920). This is included in other creditors in Note 6. This loan is interest free and repayable on demand. The highest amount during the year was £5,629,920 (2023- £5,869,920).


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Sargent, a director and shareholder of the company.

Nidus Holdings Limited

Report of the Accountant to the Director of
Nidus Holdings Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, I 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 me.






Giles Owen Chartered Accountant
1 Croft Lane
Temple Grafton
Alcester
Warwickshire
B49 6PA


9 April 2024