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REGISTERED NUMBER: 13087320 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

NHGI Ltd

NHGI Ltd (Registered number: 13087320)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NHGI Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr N H Glynne





REGISTERED OFFICE: C/o Buy It Direct Ltd, Unit A
Trident Business Park, Neptune Way,
Leeds Road
Huddersfield
West Yorkshire
HD2 1UA





REGISTERED NUMBER: 13087320 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

NHGI Ltd (Registered number: 13087320)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £ £
FIXED ASSETS
Investments 4 32,975,504 32,975,504

CURRENT ASSETS
Debtors 5 4,721,524 3,481,451
Investments 6 717,150 1,126,423
Cash at bank 17,342 1,000
5,456,016 4,608,874
CREDITORS
Amounts falling due within one year 7 4,814,385 4,807,440
NET CURRENT ASSETS/(LIABILITIES) 641,631 (198,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,617,135

32,776,938

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 27,897,709 27,897,709
Retained earnings 5,718,426 4,878,229
SHAREHOLDERS' FUNDS 33,617,135 32,776,938

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





Mr N H Glynne - Director


NHGI Ltd (Registered number: 13087320)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

NHGI 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.

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. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 January 2024
and 31 December 2024 32,975,504
NET BOOK VALUE
At 31 December 2024 32,975,504
At 31 December 2023 32,975,504

NHGI Ltd (Registered number: 13087320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Amounts owed by associates 2,816,119 2,971,704
Other debtors 1,905,405 509,747
4,721,524 3,481,451

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£ £
UBS PE Investment (USD) 211,454 68,296
Money Market Investment 505,696 1,058,127
717,150 1,126,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Amounts owed to associates 4,800,000 4,800,000
Taxation and social security 13,416 6,600
Other creditors 969 840
4,814,385 4,807,440

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 & 31 December 2023:

31.12.2431.12.23
££
Director 1
Balance outstanding at start of year509,7461,001,667
Amounts advanced1,915,659521,015
Amounts repaid(520,000)(1,012,936)
Balance outstanding at end of year1,905,405509,746


9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N H Glynne.