REGISTERED NUMBER: 10241955 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Nss Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Ghelani

S Ghelani

N Ghelani

REGISTERED OFFICE:

43 Oakdale

Southgate

London

N14 5RA

REGISTERED NUMBER:

10241955 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Tangible assets

4

339

452

Investment property

5

588,674

588,674

589,013

589,126

CURRENT ASSETS

Cash at bank

60,463

54,653

CREDITORS

Amounts falling due within one year

6

13,498

14,390

NET CURRENT ASSETS

46,965

40,263

TOTAL ASSETS LESS CURRENT LIABILITIES

635,978

629,389

CREDITORS

Amounts falling due after more than one year

7

225,494

236,066

NET ASSETS

410,484

393,323

CAPITAL AND RESERVES

Called up share capital

358,003

358,003

Retained earnings

52,481

35,320

SHAREHOLDERS' FUNDS

410,484

393,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 1 April 2025 and were signed on its behalf by:

S Ghelani - Director

1.	STATUTORY INFORMATION

Nss Investments Ltd 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.

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 each asset over its estimated useful life.

Computer equipment

-

25% on 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.

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.

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).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2023

and 30 June 2024

1,960

713

2,673

DEPRECIATION

At 1 July 2023

1,508

713

2,221

Charge for year

113

-

113

At 30 June 2024

1,621

713

2,334

NET BOOK VALUE

At 30 June 2024

339

-

339

At 30 June 2023

452

-

452

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

and 30 June 2024

588,674

NET BOOK VALUE

At 30 June 2024

588,674

At 30 June 2023

588,674

In the opinion of the directors, the investment property reflects the market value and therefore fair value adjsutment is not required.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/24

30/6/23

£

£

Bank loans and overdrafts

8,333

8,333

Tax

4,025

4,917

Accruals and deferred income

1,140

1,140

13,498

14,390

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/24

30/6/23

£

£

Bank loan

20,000

134,719

Directors' loan accounts

205,494

101,347

225,494

236,066

8.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors the following amounts:-

£

Ms S Ghelani

74,489

Mr S Ghelani

66,516

Ms N Ghelani

64,488

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.