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REGISTERED NUMBER: 06381944 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

NK PROPERTY INVESTMENTS LIMITED

NK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06381944)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NK PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr N G Kephalas
Mr N A Kephalas





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 06381944 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

NK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06381944)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,099,648 1,073,361
Investment property 6 875,000 875,000
1,974,648 1,948,361

CURRENT ASSETS
Debtors 7 64,240 37,044
Cash at bank 9,626 3,420
73,866 40,464
CREDITORS
Amounts falling due within one year 8 65,138 27,019
NET CURRENT ASSETS 8,728 13,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,983,376

1,961,806

CREDITORS
Amounts falling due after more than one
year

9

(570,593

)

(589,900

)

PROVISIONS FOR LIABILITIES (351,697 ) (345,125 )
NET ASSETS 1,061,086 1,026,781

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 1,055,091 1,035,376
Retained earnings 5,895 (8,695 )
SHAREHOLDERS' FUNDS 1,061,086 1,026,781

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

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

NK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06381944)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 20 May 2025 and were signed on its behalf by:





Mr N G Kephalas - Director


NK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06381944)

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

1. STATUTORY INFORMATION

NK Property Investments Limited 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.

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 NK Property Investments 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.

Turnover
Turnover represents net rent receivable n respect of the company's investment property.

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

Investments in associates
Investments in associate undertakings are recognised at fair value with movement recognised through the profit and loss account.

Investment property
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would no give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 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.

NK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06381944)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 3,189
DEPRECIATION
At 1 September 2023
and 31 August 2024 3,189
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
At 1 September 2023 1,073,361
Revaluations 26,287
At 31 August 2024 1,099,648
NET BOOK VALUE
At 31 August 2024 1,099,648
At 31 August 2023 1,073,361

Cost or valuation at 31 August 2024 is represented by:

Interest
in
associate
£   
Valuation in 2024 1,099,639
Cost 9
1,099,648

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 875,000
NET BOOK VALUE
At 31 August 2024 875,000
At 31 August 2023 875,000

NK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 06381944)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 307,140
Cost 567,860
875,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 64,240 34,240
Other debtors - 2,804
64,240 37,044

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,654 -
Trade creditors - 1,584
Amounts owed to participating interests - 7,958
Other creditors 55,484 17,477
65,138 27,019

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 570,593 589,900

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 514,600 589,900

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 580,247 589,900

Bank loans are secured by way of a fixed charge on the properties of the company.

11. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an interest free amount of £64,240 (2023: £34,240) owed by TGOP Limited. The company owns 50% of the share capital in TGOP Ltd.

Included in creditors, amounts falling due with one year, is an interest free amount of Nil (2023: £7,958) owed to NGNA Limited. The company owns 50% of the share capital in NGNA Limited.