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REGISTERED NUMBER: 13090096 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

NSMK Limited

NSMK Limited (Registered number: 13090096)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NSMK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Kapadia
Mrs N Swaly-Kapadia





REGISTERED OFFICE: 1 Radnor Way
Slough
Berkshire
SL3 7LA





REGISTERED NUMBER: 13090096 (England and Wales)






NSMK Limited (Registered number: 13090096)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300 450
Investment property 5 400,000 375,000
400,300 375,450

CURRENT ASSETS
Debtors 6 66 61
Cash at bank 23,730 17,489
23,796 17,550
CREDITORS
Amounts falling due within one year 7 3,076 3,055
NET CURRENT ASSETS 20,720 14,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,020

389,945

CREDITORS
Amounts falling due after more than one
year

8

(388,381

)

(388,358

)

PROVISIONS FOR LIABILITIES 11 (4,750 ) -
NET ASSETS 27,889 1,587

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable Reserve 12 13,477 (6,773 )
Retained earnings 12 14,312 8,260
SHAREHOLDERS' FUNDS 27,889 1,587

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 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.

NSMK Limited (Registered number: 13090096)

Balance Sheet - continued
31 March 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 26 November 2024 and were signed on its behalf by:




M Kapadia - Director



Mrs N Swaly-Kapadia - Director


NSMK Limited (Registered number: 13090096)

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

1. STATUTORY INFORMATION

NSMK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on cost

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 NIL (2023 - NIL).

NSMK Limited (Registered number: 13090096)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 750
DEPRECIATION
At 1 April 2023 300
Charge for year 150
At 31 March 2024 450
NET BOOK VALUE
At 31 March 2024 300
At 31 March 2023 450

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 375,000
Revaluations 25,000
At 31 March 2024 400,000
NET BOOK VALUE
At 31 March 2024 400,000
At 31 March 2023 375,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 18,227
Valuation in 2023 (25,000 )
Valuation in 2024 25,000
Cost 381,773
400,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 381,773 381,773

The investment property was valued on an informal basis on 14 November 2024 by A-Z Property Services .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 66 61

NSMK Limited (Registered number: 13090096)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,455 1,482
Other creditors 1,621 1,573
3,076 3,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 277,281 277,258
Other creditors 111,100 111,100
388,381 388,358

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 277,281 277,258
Shareholders loans 111,100 111,100
388,381 388,358

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 277,281 277,258
Shareholders loans 111,100 111,100
388,381 388,358

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Investment property mortgage 277,281 277,258

The mortgage which is on an interest only basis for a term of 25 years is secured by a first legal charge over the long leasehold property.

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Other timing differences 4,750 -

Deferred
tax
£   
Provided during year 4,750
Balance at 31 March 2024 4,750

NSMK Limited (Registered number: 13090096)

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

12. RESERVES
Retained Undistributable
earnings Reserve Totals
£    £    £   

At 1 April 2023 8,260 (6,773 ) 1,487
Profit for the year 26,302 26,302
Profit & Loss Account Transfer
to Undistributable Reserve (20,250 ) 20,250 -
At 31 March 2024 14,312 13,477 27,789