Nicolette Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00570852

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		2,390,115		2,390,115

			2,390,115		2,390,115
CURRENT ASSETS
Debtors	6	2,048		3,138
Cash at bank and in hand		289,320		245,519

		291,368		248,657
Creditors: Amounts Falling Due Within One Year	7	(30,232 )		(28,380 )

NET CURRENT ASSETS (LIABILITIES)			261,136		220,277

TOTAL ASSETS LESS CURRENT LIABILITIES			2,651,251		2,610,392

Creditors: Amounts Falling Due After More Than One Year	8		(10,000 )		(10,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(197,500 )		(197,500 )

NET ASSETS			2,443,751		2,402,892

CAPITAL AND RESERVES
Called up share capital	9		20,000		20,000
Revaluation reserve	10		1,693,066		1,693,066
Profit and Loss Account			730,685		689,826

SHAREHOLDERS' FUNDS			2,443,751		2,402,892

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Nicolette Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

B L Nicholls

Director

28/03/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Nicolette Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00570852 . The registered office is 353 Warwick Road, Solihull, West Midlands, B91 1BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover relates to rents receivable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% on cost.

2.4. Investment Properties

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.

2.5. 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.

2.6. 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 form the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferrred 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. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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Nicolette Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 November 2023	25,943

As at 31 October 2024	25,943

Depreciation
As at 1 November 2023	25,943

As at 31 October 2024	25,943

Net Book Value
As at 31 October 2024	-

As at 1 November 2023	-

5. Investment Property

	2024
	£
Fair Value
As at 1 November 2023 and 31 October 2024	2,390,115

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	745
Other debtors	2,048	2,393

	2,048	3,138

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	26,953	26,363
Other creditors	3,279	2,017

	30,232	28,380

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	10,000	10,000

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	20,000	20,000

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Nicolette Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

10. Reserves

	Revaluation Reserve
	£
As at 1 November 2023	1,693,066

As at 31 October 2024	1,693,066

11. Related Party Transactions

During the year the company was charged management charges of £40,000 by its holding company Nicholls Lefevre & Company Limited (2023 £40,000). All charges have been paid by the end of the year.

12. Ultimate Controlling Party

The Controlling party is Mr B L Nicholls.

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