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REGISTERED NUMBER: 10735063 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NEISA INVESTMENTS LTD

NEISA INVESTMENTS LTD (REGISTERED NUMBER: 10735063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NEISA INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R Nehru





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 10735063 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

NEISA INVESTMENTS LTD (REGISTERED NUMBER: 10735063)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,500,000 4,500,000

CURRENT ASSETS
Debtors 5 1,154,029 294,203
Cash at bank 2,669 1,019,659
1,156,698 1,313,862
CREDITORS
Amounts falling due within one year 6 706,346 803,941
NET CURRENT ASSETS 450,352 509,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,950,352

5,009,921

CREDITORS
Amounts falling due after more than one year 7 (2,650,704 ) (2,660,930 )

PROVISIONS FOR LIABILITIES (563,400 ) (563,400 )
NET ASSETS 1,736,248 1,785,591

CAPITAL AND RESERVES
Called up share capital 10 10
Non-distributable reserves 1,690,154 1,690,154
Retained earnings 46,084 95,427
SHAREHOLDERS' FUNDS 1,736,248 1,785,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 January 2025 and were signed by:



R Nehru - Director


NEISA INVESTMENTS LTD (REGISTERED NUMBER: 10735063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Neisa Investments Ltd 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.

Turnover
Turnover represents the net rent receivable in respect of the company's investment and leasehold properties. Turnover is recognised in the period in which it is receivable.

Investment property
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would no give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 ) .

NEISA INVESTMENTS LTD (REGISTERED NUMBER: 10735063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 4,500,000
NET BOOK VALUE
At 30 April 2024 4,500,000
At 30 April 2023 4,500,000

The investment property was valued at £4.5m on 30th April 2023 and the director has confirmed that the valuation represents fair market value as at the valuation date.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 163,000
Valuation in 2022 2,090,554
Cost 2,246,446
4,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 940,523 79,321
Other debtors 213,506 214,882
1,154,029 294,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Trade creditors 6,743 7,302
Amounts owed to group undertakings 71,037 -
Amounts owed to participating interests 521,068 771,267
Taxation and social security 55,947 4,158
Other creditors 41,326 11,241
706,346 803,941

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,650,704 2,660,930

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due in more than
five years 2,639,335 2,639,336
2,639,335 2,639,336

NEISA INVESTMENTS LTD (REGISTERED NUMBER: 10735063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,660,929 2,670,903

The bank loan is secured by way of a fixed charge on the investment property held by the entity.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
R Nehru
Balance outstanding at start of year 6,425 (19 )
Amounts advanced - 36,464
Amounts repaid (2,318 ) (30,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,107 6,425

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within creditors, amounts falling due within a year, is an interest free loan of £521,068 (2023: £771,267) due to Ivaro Ltd, a company under common management.