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Registration number: 14385602

Nest Holding Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Nest Holding Group Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Nest Holding Group Ltd

(Registration number: 14385602)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

300,315

300,315

Creditors: Amounts falling due within one year

5

(300,175)

(300,175)

Net assets

 

140

140

Capital and reserves

 

Called up share capital

140

140

Shareholders' funds

 

140

140

For the financial year ending 31 August 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 28 May 2025 and signed on its behalf by:
 

Mr C Warbey
Director

   
     
 

Nest Holding Group Ltd

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

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:
Nest Studios Unit 18
Eagles Wood Business Park
Woodlands Lane
Bristol
BS32 4EU

These financial statements were authorised for issue by the Board on 28 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 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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Group accounts not prepared

The company is a part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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.

 

Nest Holding Group Ltd

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

 

Nest Holding Group Ltd

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

4

Investments

2024
£

2023
£

Investments in subsidiaries

300,315

300,315

Subsidiaries

£

Cost or valuation

At 1 September 2023

300,315

Provision

Carrying amount

At 31 August 2024

300,315

At 31 August 2023

300,315

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Nest Design and Build Limited

C/O Milsted Langdon Freshford House, Redcliffe Way, Bristol, United Kingdom, BS1 6NL

England & Wales

Ordinary

100%

100%

Nest Create Ltd

Nest Studios Unit 18 Eagles Wood Business Park, Woodlands Lane, Bristol, United Kingdom, BS32 4EU

England & Wales

Ordinary

75%

75%

Nest Boxes Ltd

Nest Studios Unit 18 Eagles Wood Business Park, Woodlands Lane, Bristol, United Kingdom, BS32 4EU

England & Wales

Ordinary

100%

100%

 

Nest Holding Group Ltd

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

5

Creditors

Due within one year

Note

2024
£

2023
£

 

Amounts due to related parties

6

300,175

300,175

6

Related party transactions

The company has taken advantage of the exemption available under section 1AC.35 of Financial Reporting Standard 102 Section 1A, not to disclose transactions with other wholly owned members of this group.