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REGISTERED NUMBER: 10594988 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Nimpex Investments Limited

Nimpex Investments Limited (Registered number: 10594988)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nimpex Investments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Sunil Vinaylal Nathwani
Mrs Rujuta Sunil Nathwani





REGISTERED OFFICE: Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS





REGISTERED NUMBER: 10594988 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Nimpex Investments Limited (Registered number: 10594988)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 599,256 540,000
Investment property 6 1,120,000 1,120,000
1,719,256 1,660,000

CURRENT ASSETS
Debtors 7 17,725 11,411
Prepayments and accrued income 3,137 2,834
Cash at bank 28,736 68,123
49,598 82,368
CREDITORS
Amounts falling due within one year 8 1,120,241 1,020,684
NET CURRENT LIABILITIES (1,070,643 ) (938,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,613

721,684

CREDITORS
Amounts falling due after more than one year 9 676,963 770,328
NET LIABILITIES (28,350 ) (48,644 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 (31,826 ) (31,826 )
Retained earnings 3,376 (16,918 )
SHAREHOLDERS' FUNDS (28,350 ) (48,644 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Nimpex Investments Limited (Registered number: 10594988)

Balance Sheet - continued
29 February 2024


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 September 2024 and were signed on its behalf by:





Mr Sunil Vinaylal Nathwani - Director


Nimpex Investments Limited (Registered number: 10594988)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Nimpex 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 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.

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 (2023 - 2 ) .

Nimpex Investments Limited (Registered number: 10594988)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 12,848
Disposals (12,848 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 12,848
Eliminated on disposal (12,848 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023 540,000
Additions 229,256
Disposals (170,000 )
At 29 February 2024 599,256
NET BOOK VALUE
At 29 February 2024 599,256
At 28 February 2023 540,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,120,000
NET BOOK VALUE
At 29 February 2024 1,120,000
At 28 February 2023 1,120,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 1,120,000

Nimpex Investments Limited (Registered number: 10594988)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 17,725 11,411

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 2,490 -
Other creditors 1,117,751 1,020,684
1,120,241 1,020,684

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 676,963 770,328

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Thanet Mortgage - Precise 294,545 294,545
Meranti Mortgage - Paragoan 382,418 475,783
676,963 770,328

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 (31,826 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 29 February 2024, Nimpex Investments Ltd owed £542,312 to its director. This amount is reflected accordingly in the director`s loan account in credit balance, which is shown under Creditors due within one year. Please be advised that the loan is payable on demand.


12. RELATED PARTY DISCLOSURES

During the year ended 29 February 2024, Nimpex Investments Ltd borrowed a short-term loan amount from the related company, Trakker Solutions Ltd of £150,000.00. The loan was provided on an interest free basis and is repayable on demand. This amount is shown in the other creditors account, which is shown under creditors due within one year. Additionally, Nimpex Investments Ltd also borrowed a short-term loan of £410,000 from its related company, Keyzone Computer Products Ltd on an interest-free basis and is repayable on demand. Hence this amount is shown as part of Other creditors under Creditors due within one year.