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Registration number: 00817858

N.F.K.H. Limited

Unaudited Financial Statements

for the Period from 1 April 2023 to 31 December 2023

 

N.F.K.H. Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

N.F.K.H. Limited

Company Information

Directors

Mr Robert Norman Hancock

Mrs Jean Elaine Hancock

Mr Thomas Andrew Hancock

Company secretary

Mr Robert Norman Hancock

Registered office

Marcus House Park Hall Business Village
Park Hall Road
Stoke-On-Trent
ST3 5XA

Accountants

Alextra Group Limited
Chartered Certified Accountants7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

N.F.K.H. Limited

(Registration number: 00817858)
Balance Sheet as at 31 December 2023

Note

31 December
2023
£

31 March
2023
£

Fixed assets

 

Investment property

4

2,500,000

2,000,000

Investments

5

89,695

89,695

 

2,589,695

2,089,695

Current assets

 

Debtors

6

157,027

149,778

Cash at bank and in hand

 

72,286

58,056

 

229,313

207,834

Creditors: Amounts falling due within one year

7

(87,959)

(87,616)

Net current assets

 

141,354

120,218

Total assets less current liabilities

 

2,731,049

2,209,913

Provisions for liabilities

(437,500)

-

Net assets

 

2,293,549

2,209,913

Capital and reserves

 

Called up share capital

400

400

Capital redemption reserve

275,749

275,749

Revaluation reserve

1,312,500

-

Retained earnings

704,900

1,933,764

Shareholders' funds

 

2,293,549

2,209,913

For the financial period ending 31 December 2023 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 period 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 23 May 2025 and signed on its behalf by:
 

 

N.F.K.H. Limited

(Registration number: 00817858)
Balance Sheet as at 31 December 2023

.........................................
Mr Robert Norman Hancock
Company secretary and director

 

N.F.K.H. Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

1

General information

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

The address of its registered office is:
Marcus House Park Hall Business Village
Park Hall Road
Stoke-On-Trent
ST3 5XA
England

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent provided in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

N.F.K.H. Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

Tax

The tax expense for the period comprises current and deferred 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 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.

Tangible assets

Investment property

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 

N.F.K.H. Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

4

Investment properties

31 December
2023
£

At 1 April

2,000,000

Fair value adjustments

500,000

At 31 December

2,500,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by its directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

There has been no valuation of investment property by an independent valuer.

5

Investments

31 December
2023
£

31 March
2023
£

Shares in group undertakings and participating interests

89,695

89,695

 

N.F.K.H. Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

Subsidiaries

£

Cost or valuation

At 1 April 2023

89,695

Provision

Carrying amount

At 31 December 2023

89,695

At 31 March 2023

89,695

6

Debtors

Current

31 December
2023
£

31 March
2023
£

Trade debtors

157,027

149,778

 

157,027

149,778

7

Creditors

Creditors: amounts falling due within one year

Note

31 December
2023
£

31 March
2023
£

Due within one year

 

Loans and borrowings

8,614

18,723

Taxation and social security

 

18,663

13,494

Accruals and deferred income

 

28,860

25,242

Other creditors

 

31,822

30,157

 

87,959

87,616