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REGISTERED NUMBER: 05959592 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

NKB Limited

NKB Limited (Registered number: 05959592)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NKB Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: N J S Binning
B S Binning
K S Binning
S S Binning
B S Binning





SECRETARY: N J S Binning





REGISTERED OFFICE: 22 St Peters Road
Croydon
Surrey
CR0 1HD





REGISTERED NUMBER: 05959592 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

NKB Limited (Registered number: 05959592)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,083,213 1,084,063
Investment property 7 369,830 369,830
1,453,043 1,453,893

CURRENT ASSETS
Stocks 540 350
Debtors 8 - 3,733
Cash at bank 23,506 32,178
24,046 36,261
CREDITORS
Amounts falling due within one year 9 640,261 703,735
NET CURRENT LIABILITIES (616,215 ) (667,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,828

786,419

CREDITORS
Amounts falling due after more than one
year

10

586,725

555,422
NET ASSETS 250,103 230,997

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 150,103 130,997
SHAREHOLDERS' FUNDS 250,103 230,997

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

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

NKB Limited (Registered number: 05959592)

Balance Sheet - continued
31 October 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 29 November 2024 and were signed on its behalf by:





N J S Binning - Director


NKB Limited (Registered number: 05959592)

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

1. STATUTORY INFORMATION

NKB 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. STATEMENT OF COMPLIANCE

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. This is the first year of adoption of FRS102 section 1A. The transitional adjustments are included in the notes to the financial statements.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Income is recognised during the year when the company provides goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

NKB Limited (Registered number: 05959592)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 190,000
AMORTISATION
At 1 November 2022
and 31 October 2023 190,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,079,814 65,916 1,145,730
DEPRECIATION
At 1 November 2022 - 61,667 61,667
Charge for year - 850 850
At 31 October 2023 - 62,517 62,517
NET BOOK VALUE
At 31 October 2023 1,079,814 3,399 1,083,213
At 31 October 2022 1,079,814 4,249 1,084,063

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 369,830
NET BOOK VALUE
At 31 October 2023 369,830
At 31 October 2022 369,830

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors - 3,733

NKB Limited (Registered number: 05959592)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,000 49,279
Taxation and social security 10,521 3,151
Other creditors 623,740 651,305
640,261 703,735

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 586,725 555,422

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 576,725 263,359

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 592,725 604,701