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REGISTERED NUMBER: 07290600 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

NEXT BIG THING ESTATES LTD

NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

NEXT BIG THING ESTATES LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs V A Wild
P W H Wild





REGISTERED OFFICE: Office 1, The Chimney Building
Clock Tower Park
New Hall
Longmoor Lane
Liverpool
L10 1LD





REGISTERED NUMBER: 07290600 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,322 4,430
Investments 5 1,468,077 1,385,815
Investment property 6 5,741,000 5,941,000
7,212,399 7,331,245

CURRENT ASSETS
Debtors 7 2,745,638 1,202,651
Cash at bank and in hand 45,807 89,847
2,791,445 1,292,498
CREDITORS
Amounts falling due within one year 8 115,286 92,883
NET CURRENT ASSETS 2,676,159 1,199,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,888,558

8,530,860

CREDITORS
Amounts falling due after more than one
year

9

(4,805,804

)

(3,749,991

)

PROVISIONS FOR LIABILITIES (652,296 ) (733,365 )
NET ASSETS 4,430,458 4,047,504

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 1,954,396 1,805,533
Retained earnings 12 2,475,962 2,241,871
SHAREHOLDERS' FUNDS 4,430,458 4,047,504

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

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

NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)

Balance Sheet - continued
31 December 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 19 September 2024 and were signed on its behalf by:





P W H Wild - Director


NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Next Big Thing Estates 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,500
DEPRECIATION
At 1 January 2023 6,070
Charge for year 1,108
At 31 December 2023 7,178
NET BOOK VALUE
At 31 December 2023 3,322
At 31 December 2022 4,430

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 1,385,815
Revaluations 82,262
At 31 December 2023 1,468,077
NET BOOK VALUE
At 31 December 2023 1,468,077
At 31 December 2022 1,385,815

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2020 1,993,772
Valuation in 2021 353,326
Valuation in 2022 (1,317,331 )
Valuation in 2023 82,262
Cost 356,048
1,468,077

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 5,941,000
Disposals (200,000 )
At 31 December 2023 5,741,000
NET BOOK VALUE
At 31 December 2023 5,741,000
At 31 December 2022 5,941,000

NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 1,880,891
Valuation in 2022 (372,602 )
Valuation in 2023 (14,457 )
Cost 4,247,168
5,741,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 36,449 123,826
Other debtors 2,709,189 1,078,825
2,745,638 1,202,651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 43,405 41,813
Trade creditors 9,026 6,680
Taxation and social security 11,199 10,580
Other creditors 51,656 33,810
115,286 92,883

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 2,550,235 2,593,641
Other creditors 2,255,569 1,156,350
4,805,804 3,749,991

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 2,285,760 1,175,486

The other loans are secured by a charge over the Investment Properties owned by the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

NEXT BIG THING ESTATES LTD (REGISTERED NUMBER: 07290600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 2,241,871 1,805,533 4,047,404
Profit for the year 315,149 315,149
Movement in the year (81,058 ) 148,863 67,805
At 31 December 2023 2,475,962 1,954,396 4,430,358

13. RELATED PARTY DISCLOSURES

Included in other debtors is a balance owing from PV Wild Holdings UK Limited of £1,590,639 (2022: £1,050,490), the parent company.

14. ULTIMATE CONTROLLING PARTY

Mr P Wild and Mrs V Wild are the controlling parties by virtue of their shareholding in the company's ultimate parent undertaking.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Next Big Thing Estates Ltd

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Next Big Thing Estates Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Next Big Thing Estates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Next Big Thing Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Next Big Thing Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Next Big Thing Estates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Next Big Thing Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Next Big Thing Estates Ltd. You consider that Next Big Thing Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Next Big Thing Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................