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Registration number: 12038009

Nehra Holdings Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2024

 

Nehra Holdings Limited

Contents

Statement of Financial Position

1

Statement of Changes in Equity

2

Notes to the Unaudited Financial Statements

3 to 5

 

Nehra Holdings Limited

(Registration number: 12038009)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

3,200,000

3,200,000

Current assets

 

Cash at bank and in hand

 

15

1

Creditors: Amounts falling due within one year

5

(866,780)

(857,178)

Net current liabilities

 

(866,765)

(857,177)

Total assets less current liabilities

 

2,333,235

2,342,823

Creditors: Amounts falling due after more than one year

5

(2,197,337)

(2,197,237)

Provisions for liabilities

(41,852)

(41,852)

Net assets

 

94,046

103,734

Capital and reserves

 

Called up share capital

1

1

Fair value reserve

125,557

125,557

Profit and loss account

(31,512)

(21,824)

Shareholders' funds

 

94,046

103,734

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 21 March 2025
 

.........................................
Mr A Nehra
Company secretary and director

 

Nehra Holdings Limited

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Fair value reserve
£

Profit and loss account
£

Total
£

At 1 July 2023

1

125,557

(21,824)

103,734

Loss for the year

-

-

(9,688)

(9,688)

At 30 June 2024

1

125,557

(31,512)

94,046

Share capital
£

Fair value reserve
£

Profit and loss account
£

Total
£

At 1 July 2022

1

135,601

(4,087)

131,515

Loss for the year

-

-

(27,781)

(27,781)

Transfers

-

(10,044)

10,044

-

At 30 June 2023

1

125,557

(21,824)

103,734

 

Nehra Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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: 8 Crossways Village, Silwood Road, Ascot, Berkshire, SL5 0PY. England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from rental income and the provision of other services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Nehra Holdings Limited

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 July 2023

3,200,000

At 30 June 2024

3,200,000

The valuation of the investment property was made as at 30 June 2024 by the director, on an open market basis.

 

Nehra Holdings Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

4,050

1,950

Other creditors

862,730

855,228

866,780

857,178

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

6

2,197,337

2,197,237

Creditors include loans not repayable by instalments of £2,197,337 due after more than five years (2023 - £2,197,237). The loans are secured by way of a legal charge against the investment property.

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,197,337

2,197,237