Registered number
13175282
NOMIC LTD
Report and Abridged Accounts
31 March 2025
NOMIC LTD
Company Information
Directors
Fazil HUSSAIN
Registered number
13175282
Registered Office
27 Old Gloucester Street
London
WC1N 3AX
England
NOMIC LTD
Registered number: 13175282
Abridged Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 512,809 498,455
Current assets
Cash at bank and in hand 1,177 6,089
Creditors: amounts falling due within one year (1,859) (2,766)
Net current (liabilities)/assets (682) 3,323
Total assets less current liabilities 512,127 501,778
Creditors: amounts falling due after more than one year (497,469) (494,064)
Net assets 14,658 7,714
Capital and reserves
Called up share capital 2 2
Profit and loss account 14,656 7,712
Shareholders' funds 14,658 7,714
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Fazil HUSSAIN
Director
Approved by the board on 20 April 2025
NOMIC LTD
Statement of Changes in Equity
for the year ended 31 March 2025
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2023 2 - - (754) (752)
Profit for the financial year 8,466 8,466
At 31 March 2024 2 - - 7,712 7,714
At 1 April 2024 2 - - 7,712 7,714
Profit for the financial year 6,944 6,944
At 31 March 2025 2 - - 14,656 14,658
NOMIC LTD
Notes to the Abridged Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Related Party Transactions
As of 31 March 2025, the company held other investments totalling £512,809, primarily comprising properties secured by mortgages.

On 27 February 2025, Mr. Mohammed Banaras resigned as a director of the company. In connection with his resignation, one property with a carrying value of £112,000 was disposed of and recorded as an adjustment through Mr. Banaras’s director loan account.

As part of the settlement of his shareholding, the company provided Mr. Banaras with a total consideration of £127,341, comprising:

A transfer of the aforementioned property, valued at £112,000

A cash payment of £15,341

Both the property and cash were transferred to Mr. Banaras’s designated representative.

This transaction is considered a related party transaction as defined by FRS 102 Section 33 – Related Party Disclosures, and was conducted at fair value on normal commercial terms.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 April 2024 498,455
Additions 126,354
Disposals (112,000)
At 31 March 2025 512,809
4 Other information
NOMIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
27 Old Gloucester Street
London
WC1N 3AX
NOMIC LTD
Detailed balance sheet
as at 31 March 2025
This schedule does not form part of the statutory accounts
Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 230 957
Corporation tax 1,629 1,809
1,859 2,766
Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 387,410 350,390
Director's Loan 110,059 143,674
497,469 494,064
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