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Registration number: 13354930

Nikita Lease Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Nikita Lease Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Nikita Lease Limited

Company Information

Directors

J-P Kley

Goodkat Ltd

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Nikita Lease Limited

Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

596,741

698,478

Investments

5

100

100

 

596,841

698,578

Current assets

 

Debtors

6

127,038

117,965

Cash at bank and in hand

 

1,789

62

 

128,827

118,027

Creditors: Amounts falling due within one year

7

(800,916)

(897,974)

Net current liabilities

 

(672,089)

(779,947)

Net liabilities

 

(75,248)

(81,369)

Capital and reserves

 

Called up share capital

1,000

1,000

Share premium reserve

99,825

99,825

Retained earnings

(176,073)

(182,194)

Shareholders' deficit

 

(75,248)

(81,369)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Nikita Lease Limited

Statement of Financial Position as at 30 September 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................

J-P Kley

Director

Company registration number: 13354930

 

Nikita Lease Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.


Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Going concern

The company made a profit for the year ended 30 September 2024, but had net liabilities at that date amounting to £75,248 with net current liabilities of £672,089.

The company funds its working capital requirements with financial support received from the parent undertaking to whom an amount of £610,239 was due at 30 September 2024. The parent undertaking has confirmed it will continue to support the company and will not call for repayment until such time as the company has sufficient working capital. The directors have assessed that the subsidiary undertaking also remains a going concern.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in the preparation of the financial statements.

 

Nikita Lease Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management services and rent receivable in the ordinary course of the company's activities net of VAT discounts and rebates.

Revenue from management services and rent receivable are recognised evenly over the period to which they relate.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Straight line over length of lease

Furniture, fittings and equipment

20% Straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

 

Nikita Lease Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
£

Total
£

Cost or valuation

At 1 October 2023

617,908

246,689

864,597

Additions

-

24,458

24,458

Disposals

(31,171)

(1,800)

(32,971)

At 30 September 2024

586,737

269,347

856,084

Depreciation

At 1 October 2023

77,365

88,754

166,119

Charge for the year

40,469

52,968

93,437

Eliminated on disposal

(205)

(8)

(213)

At 30 September 2024

117,629

141,714

259,343

Carrying amount

At 30 September 2024

469,108

127,633

596,741

At 30 September 2023

540,543

157,935

698,478

 

Nikita Lease Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 October 2023

100

Additions

-

At 30 September 2024

100

Carrying amount

At 30 September 2024

100

At 30 September 2023

100

6

Debtors

2024
£

2023
£

Amounts owed by group undertakings

30,000

30,000

Other debtors

97,038

87,965

127,038

117,965

Other debtors includes an amount of £84,000 (2023: £84,000) receivable in greater than one year.

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

70,501

47,960

Amounts owed to group undertakings

649,196

764,734

Taxation and social security

2,946

-

Other creditors

78,273

85,280

800,916

897,974

 

Nikita Lease Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £1,705,452 (2023: £1,851,726).

9

Related party transactions

Exemption has been taken under FRS 102 paragraph 1AC.35 not to disclose transactions or amounts falling due with companies wholly owned within the group.