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REGISTERED NUMBER: 11339807 (England and Wales)












NICKEL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NICKEL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: G Davies





REGISTERED OFFICE: 14 Redwood Gardens
Totton
Southampton
Hampshire
SO40 8SY





REGISTERED NUMBER: 11339807 (England and Wales)

NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 - 133
Investments 5 265,058 -
Investment property 6 1,607,474 1,607,474
1,872,532 1,607,607

CURRENT ASSETS
Debtors 7 105,769 73,573
Cash at bank 50,468 182,753
156,237 256,326
CREDITORS
Amounts falling due within one year 8 (1,539,031 ) (1,513,217 )
NET CURRENT LIABILITIES (1,382,794 ) (1,256,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,738

350,716

CREDITORS
Amounts falling due after more than one
year

9

(216,469

)

(226,294

)

PROVISIONS FOR LIABILITIES (24,282 ) (24,316 )
NET ASSETS 248,987 100,106

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserves 97,130 97,130
Retained earnings 151,855 2,974
SHAREHOLDERS' FUNDS 248,987 100,106

NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

BALANCE SHEET - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





G Davies - Director


NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Nickel 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents rental income and recharged expenses received. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Preparation of consolidated financial statements
The financial statements contain information about Nickel Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Fixtures and fittings - Straight line over 4 years

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity Instrument
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year relates to current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 June 2023
and 31 May 2024 532
DEPRECIATION
At 1 June 2023 399
Charge for year 133
At 31 May 2024 532
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 133

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 265,058
At 31 May 2024 265,058
NET BOOK VALUE
At 31 May 2024 265,058

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,607,474
NET BOOK VALUE
At 31 May 2024 1,607,474
At 31 May 2023 1,607,474

Fair value at 31 May 2024 is represented by:
£
Valuation in 2021 97,130
Cost 1,510,344
1,607,474

NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 1,510,344 1,510,344

The investment properties were valued on an open market basis on 31 May 2024 by the Director .

7. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 6,257 9,657
Other debtors 88,586 35,674
94,843 45,331

Amounts falling due after more than one year:
Other debtors 10,926 28,242

Aggregate amounts 105,769 73,573

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,819 9,087
Trade creditors 3,544 109
Taxation and social security 23,023 19,379
Other creditors 1,502,645 1,484,642
1,539,031 1,513,217

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 216,469 226,294

NICKEL HOLDINGS LIMITED (REGISTERED NUMBER: 11339807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 226,288 235,381

The bank loan relates to a mortgage taken out in 2023 for two investment properties held by the company. The loan is secured over these same properties.