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REGISTERED NUMBER: 01049674 (England and Wales)















Nimbus Securities Limited

Financial Statements

for the Year Ended 31 December 2023






Nimbus Securities Limited (Registered number: 01049674)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nimbus Securities Limited

Company Information
for the year ended 31 December 2023







Directors: C R Denton
P Newton





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 01049674 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Nimbus Securities Limited (Registered number: 01049674)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Current assets
Stocks 4 1,206,715 468,720

Creditors
Amounts falling due within one year 5 6,610,854 6,610,855
Net current liabilities (5,404,139 ) (6,142,135 )
Total assets less current liabilities (5,404,139 ) (6,142,135 )

Creditors
Amounts falling due after more than one
year

6

777,498

37,002
Net liabilities (6,181,637 ) (6,179,137 )

Capital and reserves
Called up share capital 7 2,000 2,000
Share premium 14,500 14,500
Retained earnings (6,198,137 ) (6,195,637 )
Shareholders' funds (6,181,637 ) (6,179,137 )

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.

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 18 September 2024 and were signed on its behalf by:





P Newton - Director


Nimbus Securities Limited (Registered number: 01049674)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Nimbus Securities 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

Accounting convention
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and is and will be supported by the parent company, fellow group subsidiaries. Hence, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Stock and work in progress
Stock and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.

The carrying amount, has been based on a value determined by the directors, in conjunction with advice taken from a suitably qualified land valuer. This new assessment of selling price, less costs to complete and sell, is in respect of a piece of land which had previously been fully impaired.

However, in accordance with FRS 102 paragraph 27.4, where circumstances that have previously caused inventories to be impaired no longer exist, and as in this case when there is an indication and evidence of an increase in selling price less costs to complete and sell because of changed economic circumstances, the company has reversed the impairment. Due to the impairment having taken place some time ago, a reasonable estimate has been made of the new carrying amount.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


Nimbus Securities Limited (Registered number: 01049674)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

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

4. Stocks
2023 2022
£ £
Work-in-progress 1,176,715 438,720
Stocks 30,000 30,000
1,206,715 468,720

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 1
Amounts owed to group undertakings 6,302,537 6,302,537
Directors' current accounts 308,317 308,317
6,610,854 6,610,855

6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Amounts owed to group undertakings 777,498 37,002

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2,000 Ordinary £1 2,000 2,000

8. Related party disclosures

As at the year end included within creditors due within one year is an amount of £6,302,537 (2022 - £6,209,137,) due to companies connected by the directors.

As at the year end included within creditors due after more that one year is an amount of £771,148 (2022 - £37,002) due to companies connected by the directors.

9. Parent company

The ultimate parent company is Aureole Windsor Limited, the registered office is the same as for the company. Copies of the consolidated financial statements for Aureole Windsor Limited can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.