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REGISTERED NUMBER: 07552825 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

N.B.S Holdings Ltd

N.B.S Holdings Ltd (Registered number: 07552825)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.B.S Holdings Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N.B. Smith
R I Kirkham





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QP





REGISTERED NUMBER: 07552825 (England and Wales)

N.B.S Holdings Ltd (Registered number: 07552825)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,340,702 2,255,005
Investment property 6 2,030,335 810,000
4,371,037 3,065,005

CURRENT ASSETS
Debtors 7 40,412 30,584
Cash at bank 13,475 32,885
53,887 63,469
CREDITORS
Amounts falling due within one year 8 710,461 622,988
NET CURRENT LIABILITIES (656,574 ) (559,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,714,463

2,505,486

CREDITORS
Amounts falling due after more than one
year

9

(1,347,219

)

(234,195

)

PROVISIONS FOR LIABILITIES (637,981 ) (618,600 )
NET ASSETS 1,729,263 1,652,691

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 1,924,554 1,858,237
Retained earnings (195,391 ) (205,646 )
SHAREHOLDERS' FUNDS 1,729,263 1,652,691

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

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

N.B.S Holdings Ltd (Registered number: 07552825)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





N.B. Smith - Director


N.B.S Holdings Ltd (Registered number: 07552825)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

N.B.S Holdings 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents rents and management charges receivable.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

A subsidiary is an entity controlled by the company. Control is the ability to govern both the financial and operating activities of the entity so as to obtain the benefit of its activities.

Investments in subsidiaries are initially measured at cost and are subsequently measured at fair value at each reporting date.The fair value of investments has been determined by the directors taking into account the nature of an entity's business to determine the most appropriate business valuation model to apply.

Fair value adjustments through the Statement of Comprehensive Income are transferred form the profit and loss reserve to a fair value reserve which is a non- distributable reserve.

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.

Investment properties, which are properties held to earn rentals and/or capital appreciation, are initially recognized at cost which includes all direct attributable expenditure. At each reporting date after acquisition the properties are measured at fair value. The surplus or deficit is recognized through the profit and loss account.

The fair values are determined by the directors with the benefit of external professionals and available data on current market rentals and rental yields for comparable local properties. Adjustments are made for any assessed differences in nature, location of condition of the actual property.

N.B.S Holdings Ltd (Registered number: 07552825)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RENT RECEIVABLE
Rent receivable under operating lease are credited to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

N.B.S Holdings Ltd (Registered number: 07552825)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 12,001
DEPRECIATION
At 1 October 2023
and 30 September 2024 12,001
NET BOOK VALUE
At 30 September 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 October 2023 2,255,005
Revaluations 85,698
Impairments (1 )
At 30 September 2024 2,340,702
NET BOOK VALUE
At 30 September 2024 2,340,702
At 30 September 2023 2,255,005

Cost or valuation at 30 September 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2024 2,230,598
Cost 110,104
2,340,702

N.B.S Holdings Ltd (Registered number: 07552825)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 810,000
Additions 1,220,335
At 30 September 2024 2,030,335
NET BOOK VALUE
At 30 September 2024 2,030,335
At 30 September 2023 810,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 335,937
Cost 1,694,398
2,030,335

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 9,828 -
Amounts owed by group undertakings 30,584 30,584
40,412 30,584

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 70,500 40,241
Amounts owed to group undertakings 630,853 577,353
Taxation and social security 9,108 5,394
710,461 622,988

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 1,347,219 234,195

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable in more than 5 years 1,065,219 -

N.B.S Holdings Ltd (Registered number: 07552825)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 1,417,719 274,436

The bank loans are secured against the company's freehold properties and a debenture charge over the assets of the company .The hire purchase contracts are secured against the assets concerned.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 October 2023 1,858,237
Revaluation in year 66,317

At 30 September 2024 1,924,554