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REGISTERED NUMBER: 12031979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NE SOLUTIONS HOLDINGS (UK) LIMITED

NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

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










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,254 9,290
Investment property 5 1,600,000 1,500,000
1,637,254 1,509,290

CURRENT ASSETS
Stocks 412,456 382,088
Debtors 6 100 25,106
Cash at bank 726,094 423,348
1,138,650 830,542
CREDITORS
Amounts falling due within one year 7 (439,105 ) (409,755 )
NET CURRENT ASSETS 699,545 420,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,336,799

1,930,077

PROVISIONS FOR LIABILITIES (156,647 ) (126,294 )
NET ASSETS 2,180,152 1,803,783

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 427,238 352,832
Retained earnings 1,752,814 1,450,851
2,180,152 1,803,783

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

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

NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





C A Eldershaw - Director


NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

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


1. STATUTORY INFORMATION

NE Solutions Holdings (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12031979

Registered office: C/o Dpc Stone House
55 Stone Road Business Park
Stoke-On-Trent
Staffordshire
ST4 6SR

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about NE Solutions Holdings (UK) 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Judgements and key sources of estimation uncertainty

(i) Valuation of investments

Investments in subsidiary undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Previously the company adopted a policy of recording investments at fair value.

(ii) Valuation of investment property

Investment property is stated at fair value by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance

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.

NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

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


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Taxation
Taxation for the year comprises 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 8,333 1,612 - 9,945
Additions 24,200 - 9,500 33,700
At 31 December 2024 32,533 1,612 9,500 43,645
DEPRECIATION
At 1 January 2024 139 516 - 655
Charge for year 4,329 219 1,188 5,736
At 31 December 2024 4,468 735 1,188 6,391
NET BOOK VALUE
At 31 December 2024 28,065 877 8,312 37,254
At 31 December 2023 8,194 1,096 - 9,290

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,500,000
Revaluations 100,000
At 31 December 2024 1,600,000
NET BOOK VALUE
At 31 December 2024 1,600,000
At 31 December 2023 1,500,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2021 247,373
Valuation in 2022 47,800
Valuation in 2023 452,200
Valuation in 2024 100,000
Cost 752,627
1,600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 100 25,106

NE SOLUTIONS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 12031979)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 215,024 230,819
Taxation and social security 98,349 69,223
Other creditors 125,732 109,713
439,105 409,755

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 352,832
Revaluation 100,000
Deferred tax (25,594 )

At 31 December 2024 427,238

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All transactions undertaken with directors are deemed to be conducted under normal market conditions and/or are not material.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

All transactions undertaken with connected companies are deemed to be conducted under normal market conditions and/or are not material.