4 4 Niklu Investments Limited 10514695 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true true 10514695 2024-01-01 2024-12-31 10514695 2024-12-31 10514695 bus:OrdinaryShareClass1 2024-12-31 10514695 bus:OrdinaryShareClass2 2024-12-31 10514695 bus:OrdinaryShareClass3 2024-12-31 10514695 bus:OrdinaryShareClass4 2024-12-31 10514695 core:OtherReservesSubtotal 2024-12-31 10514695 core:RetainedEarningsAccumulatedLosses 2024-12-31 10514695 core:ShareCapital 2024-12-31 10514695 core:CurrentFinancialInstruments 2024-12-31 10514695 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10514695 core:Non-currentFinancialInstruments 2024-12-31 10514695 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 10514695 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 10514695 core:OtherPropertyPlantEquipment 2024-12-31 10514695 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-12-31 10514695 bus:SmallEntities 2024-01-01 2024-12-31 10514695 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10514695 bus:FilletedAccounts 2024-01-01 2024-12-31 10514695 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10514695 bus:RegisteredOffice 2024-01-01 2024-12-31 10514695 bus:Director2 2024-01-01 2024-12-31 10514695 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10514695 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 10514695 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 10514695 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 10514695 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10514695 core:ConstructionInProgressAssetsUnderConstruction 2024-01-01 2024-12-31 10514695 core:OfficeEquipment 2024-01-01 2024-12-31 10514695 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 10514695 core:PlantMachinery 2024-01-01 2024-12-31 10514695 countries:England 2024-01-01 2024-12-31 10514695 2023-12-31 10514695 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 10514695 core:OtherPropertyPlantEquipment 2023-12-31 10514695 2023-01-01 2023-12-31 10514695 2023-12-31 10514695 bus:OrdinaryShareClass1 2023-12-31 10514695 bus:OrdinaryShareClass2 2023-12-31 10514695 bus:OrdinaryShareClass3 2023-12-31 10514695 bus:OrdinaryShareClass4 2023-12-31 10514695 core:OtherReservesSubtotal 2023-12-31 10514695 core:RetainedEarningsAccumulatedLosses 2023-12-31 10514695 core:ShareCapital 2023-12-31 10514695 core:CurrentFinancialInstruments 2023-12-31 10514695 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10514695 core:Non-currentFinancialInstruments 2023-12-31 10514695 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 10514695 core:ConstructionInProgressAssetsUnderConstruction 2023-12-31 10514695 core:OtherPropertyPlantEquipment 2023-12-31 10514695 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 10514695

Niklu Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Niklu Investments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Niklu Investments Limited

(Registration number: 10514695)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

3,069

 

2,423

Investment property

5

 

1,000,000

 

1,000,000

   

1,003,069

 

1,002,423

Current assets

   

 

Debtors

6

25,574

 

7,135

 

Cash at bank and in hand

 

26,841

 

18,975

 

 

52,415

 

26,110

 

Creditors: Amounts falling due within one year

7

(71,896)

 

(70,889)

 

Net current liabilities

   

(19,481)

 

(44,779)

Total assets less current liabilities

   

983,588

 

957,644

Creditors: Amounts falling due after more than one year

7

 

(279,662)

 

(308,293)

Provisions for liabilities

 

(127,000)

 

(127,000)

Net assets

   

576,926

 

522,351

Capital and reserves

   

 

Called up share capital

11

100

 

100

 

Non-distributable reserve

382,663

 

382,663

 

Retained earnings

194,163

 

139,588

 

Shareholders' funds

   

576,926

 

522,351

 

Niklu Investments Limited

(Registration number: 10514695)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

.........................................
S Jenkinson
Director

   
     
 

Niklu Investments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
York House
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PE

These financial statements were authorised for issue by the Board on 16 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Going concern

At the year end the company had net current liabilities of £17,581. The company has the ongoing support of the directors who have confirmed they will not call for repayment of their loans on terms that would be prejudicial to the company's continuing activities. Having considered the validity of the going concern concept in relation to these accounts, the directors have concluded that the company will continue in operation for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of rents and service charges.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Niklu Investments Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance

Office equipment

25% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Valuations are based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Niklu Investments Limited

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

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Niklu Investments Limited

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

4

Tangible assets

Plant and machinery
 £

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

3,014

2,194

5,208

Additions

-

1,191

1,191

Disposals

-

(192)

(192)

At 31 December 2024

3,014

3,193

6,207

Depreciation

At 1 January 2024

904

1,881

2,785

Charge for the year

259

286

545

Eliminated on disposal

-

(192)

(192)

At 31 December 2024

1,163

1,975

3,138

Carrying amount

At 31 December 2024

1,851

1,218

3,069

At 31 December 2023

2,110

313

2,423

5

Investment properties

2024
£

At 1 January 2023 & 31 December 2024

1,000,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

180

199

Prepayments

25,394

6,936

 

25,574

7,135

 

Niklu Investments Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

20,000

20,000

Trade creditors

 

22,050

21,688

Taxation and social security

 

23,449

23,599

Accruals and deferred income

 

6,397

5,602

 

71,896

70,889

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

279,662

308,293

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

279,662

308,293

Current loans and borrowings

2024
£

2023
£

Other borrowings

20,000

20,000

 

Niklu Investments Limited

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

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,764,000 (2023 - £1,800,750). This commitment is in respect of ground rent.

10

Related party transactions

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

279,663

2023

Key management
£

Amounts payable to related party

328,293

11

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

26

26

26

26

Ordinary B shares of £1 each

26

26

26

26

Ordinary C shares of £1 each

24

24

24

24

Ordinary D shares of £1 each

24

24

24

24

100

100

100

100