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REGISTERED NUMBER: 10705452 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Nibgreen

Nibgreen (Registered number: 10705452)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Nibgreen (Registered number: 10705452)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 26,978,312 26,318,064

CURRENT ASSETS
Debtors 5 9,274,625 8,340,169
Prepayments and accrued income 678 27,278
Cash at bank 370,161 220,700
9,645,464 8,588,147
CREDITORS
Amounts falling due within one year 6 9,006,982 9,219,245
NET CURRENT ASSETS/(LIABILITIES) 638,482 (631,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,616,794

25,686,966

CREDITORS
Amounts falling due after more than one year 7 (18,964,842 ) (20,114,126 )

PROVISIONS FOR LIABILITIES (1,643,372 ) (566,991 )
NET ASSETS 7,008,580 5,005,849

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings 6,758,580 4,755,849
SHAREHOLDERS' FUNDS 7,008,580 5,005,849

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.

Nibgreen (Registered number: 10705452)

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 4 December 2024 and were signed on its behalf by:





A Robinson - Director


Nibgreen (Registered number: 10705452)

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

1. STATUTORY INFORMATION

Nibgreen is a private company , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10705452

Registered office: c/o Forty-two Consulting Ltd
Regus House, Atterbury Lakes
Fairbourne Drive, Atterbury
Milton Keynes
Buckinghamshire
MK10 9RG

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Nibgreen (Registered number: 10705452)

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

4. FIXED ASSET INVESTMENTS
Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 100 24,168,349 2,149,615 26,318,064
Additions - 1,113,531 92,074 1,205,605
Disposals - (3,222,014 ) (144,013 ) (3,366,027 )
Revaluations - 2,647,787 172,883 2,820,670
At 31 March 2024 100 24,707,653 2,270,559 26,978,312
NET BOOK VALUE
At 31 March 2024 100 24,707,653 2,270,559 26,978,312
At 31 March 2023 100 24,168,349 2,149,615 26,318,064

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
Valuation in 2019 - 796,302 - 796,302
Valuation in 2020 - (2,457,040 ) (30,632 ) (2,487,672 )
Valuation in 2021 - 6,281,420 138,554 6,419,974
Valuation in 2022 - 1,042,788 200,667 1,243,455
Valuation in 2023 - (1,384,801 ) (111,690 ) (1,496,491 )
Valuation in 2024 - 999,237 168,749 1,167,986
Cost 100 19,429,747 1,904,911 21,334,758
100 24,707,653 2,270,559 26,978,312

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 6,926,430 6,035,317
Other debtors - 94,000
6,926,430 6,129,317

Amounts falling due after more than one year:
Other debtors 2,348,195 2,210,852

Aggregate amounts 9,274,625 8,340,169

Nibgreen (Registered number: 10705452)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 638 112
Trade creditors 2 -
Tax (4,987 ) 131,085
Social security and other taxes 722 -
Bank Loan 1 5,750,000 5,750,000
Bank Loan 2 3,199,756 2,820,670
Bank Loan 3 - 467,673
Dividends Payable 4,000 4,000
Accrued expenses 56,851 45,705
9,006,982 9,219,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Shareholder Loan 9,374,428 9,991,929
Shareholder Loan 9,590,414 10,122,197
18,964,842 20,114,126