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REGISTERED NUMBER: 01642154 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

N. L. HOLDINGS LIMITED

N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N. L. HOLDINGS LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs J Barton
Mrs S R Josty





SECRETARY: Mrs S R Josty





REGISTERED OFFICE: 15 Ty Gwyn Crescent
Cyncoed
Cardiff
CF23 5JL





REGISTERED NUMBER: 01642154 (England and Wales)

N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 950,000 950,000
Investments 5 1,394,336 1,394,336
2,344,336 2,344,336

CURRENT ASSETS
Debtors 6 603,007 691,732
Cash at bank 84,514 91,598
687,521 783,330
CREDITORS
Amounts falling due within one year 7 (1,585,838 ) (1,739,838 )
NET CURRENT LIABILITIES (898,317 ) (956,508 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,446,019

1,387,828

CAPITAL AND RESERVES
Called up share capital 150,076 150,076
Revaluation reserve 8 637,044 637,044
Retained earnings 658,899 600,708
SHAREHOLDERS' FUNDS 1,446,019 1,387,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)

Balance Sheet - continued
31 JULY 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 10 February 2025 and were signed on its behalf by:





Mrs J Barton - Director


N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

N. L. Holdings 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - in accordance with the property

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such impairment exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.


N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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.

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 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 950,000
NET BOOK VALUE
At 31 July 2024 950,000
At 31 July 2023 950,000

Cost or valuation at 31 July 2024 is represented by:

Freehold
property
£   
Valuation in 1999 207,044
Valuation in 2006 380,000
Valuation in 2008 (125,000 )
Valuation in 2013 (50,000 )
Valuation in 2017 225,000
Cost 312,956
950,000

N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

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

2024 2023
£    £   
Cost 312,956 312,956

Freehold land and buildings were valued on an open market basis on 31 July 2023 by the directors.

The freehold property has been revalued based on a valuation from the director which they feel to be appropriate to the open market value of the property.

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 365,217 1,029,119 1,394,336
NET BOOK VALUE
At 31 July 2024 365,217 1,029,119 1,394,336
At 31 July 2023 365,217 1,029,119 1,394,336

Cost or valuation at 31 July 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2015 - 540 540
Valuation in 2016 - (1,877 ) (1,877 )
Valuation in 2017 - 1,144 1,144
Valuation in 2018 - (235 ) (235 )
Valuation in 2019 - (3,279 ) (3,279 )
Cost 365,217 1,032,826 1,398,043
365,217 1,029,119 1,394,336

List investments are 1,029,119 at cost. The market value of these investments at 31st July 2024 is £1,014,032.

N. L. HOLDINGS LIMITED (REGISTERED NUMBER: 01642154)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 9,425
Loans to related undertakings 603,007 682,307
603,007 691,732

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes (95 ) (95 )
Loans from related undertakings 1,446,000 1,450,000
Directors' current accounts 130,000 280,000
Accrued expenses 9,933 9,933
1,585,838 1,739,838

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 637,044

9. RELATED PARTY DISCLOSURES

Mrs J. Barton and Mrs S. Josty are directors of Arenal Estates and Development Limited. Amount due from Arenal Estates and Developments Limited is £Nil (2023 - £78,600)

Mrs J. Barton and Mrs S. Josty are directors of Fast and Efficient Finance Limited. Amount due to Fast and Efficient Finance Limited is £1,446,000 (2023 - £1,450,000)

Mrs J. Barton and Mrs S. Josty are directors of J. Barton (Cardiff) Holdings Limited. Amount due from J. Barton (Cardiff) Holdings Limited is £603,007 (2023 - £603,707).

Mrs J. Barton is a director of N.L. Holdings Limited. Amount due to Mrs J. Barton is £130,000 (2023 - £280,000).

10. ULTIMATE CONTROLLING PARTY

Mrs J. Barton is the ultimate controlling party.

The ultimate parent undertaking is J Barton (Cardiff) Holdings Limited.