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REGISTERED NUMBER: 04973667 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NUCLEUS INVESTMENTS LIMITED

NUCLEUS INVESTMENTS LIMITED (REGISTERED NUMBER: 04973667)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUCLEUS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: V L Mahtani
J Athwal
J J Athwal





SECRETARY: V L Mahtani





REGISTERED OFFICE: Premier House
Braintree Road
Ruislip
Middlesex
HA4 0EJ





REGISTERED NUMBER: 04973667 (England and Wales)





ACCOUNTANTS: Dattani
Chartered Accountants
Scottish Provident House
76/80 College Road
Harrow
Middlesex
HA1 1 BQ

NUCLEUS INVESTMENTS LIMITED (REGISTERED NUMBER: 04973667)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,640,790 3,640,790

CURRENT ASSETS
Debtors 5 30,051 25,082
Cash at bank 3,266 5,882
33,317 30,964
CREDITORS
Amounts falling due within one year 6 321,448 285,046
NET CURRENT LIABILITIES (288,131 ) (254,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,352,659

3,386,708

CREDITORS
Amounts falling due after more than one
year

7

455,715

455,715
NET ASSETS 2,896,944 2,930,993

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 2,064,553 2,064,553
Retained earnings 832,291 866,340
SHAREHOLDERS' FUNDS 2,896,944 2,930,993

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

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

NUCLEUS INVESTMENTS LIMITED (REGISTERED NUMBER: 04973667)

BALANCE SHEET - continued
30 NOVEMBER 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 13 August 2024 and were signed on its behalf by:





J J Athwal - Director


NUCLEUS INVESTMENTS LIMITED (REGISTERED NUMBER: 04973667)

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

1. STATUTORY INFORMATION

Nucleus Investments 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.

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.

Investment properties
Although the Companies Act 2006 would normally require the systematic annual depreciation of Fixed Assets. The directors believe that the policy of not providing depreciation in respect of Investment Properties is necessary to give the financial statement a true and fair view, since the current value of Investment Properties and changes to that current value are of prime importance rather than a calculation of systematic annual depreciation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022
and 30 November 2023 3,640,790
NET BOOK VALUE
At 30 November 2023 3,640,790
At 30 November 2022 3,640,790

NUCLEUS INVESTMENTS LIMITED (REGISTERED NUMBER: 04973667)

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

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 3,640,790 (2022 - £ 3,640,790 ) which is not depreciated.

The land is in the process of conversion from offices to residential accommodations.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 30,051 25,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 319,198 283,414
Other creditors 2,250 1,632
321,448 285,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 455,715 455,715

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loan from the directors 455,715 455,715

8. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 2,064,553

9. RELATED PARTY DISCLOSURES

As of year-end the company has a loan from Premier Decorations Limited, a company in which Mr J S Athwal, Mr J J Athwal and Mr V L Mahtani are directors, amounting to £237,296 (2022: £201,513).

The loan is interest free and unsecured.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J J Athwal.