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REGISTERED NUMBER: 09810149 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

N & I HOLDINGS LIMITED

N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N & I HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTOR: I S Toot





SECRETARY: Ms N K Toot





REGISTERED OFFICE: 2 The Links
Herne Bay
Kent
CT6 7GQ





BUSINESS ADDRESS: Keele House
178 High Street
Ramsgate
Kent
CT11 9TS





REGISTERED NUMBER: 09810149 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 25,500 49,000
Tangible assets 6 34,457 45,189
Investments 7 589,721 238,824
Investment property 8 1,615,225 1,615,225
2,264,903 1,948,238

CURRENT ASSETS
Debtors 9 990,809 1,376,382
Cash at bank 438,561 177,672
1,429,370 1,554,054
CREDITORS
Amounts falling due within one year 10 346,656 196,498
NET CURRENT ASSETS 1,082,714 1,357,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,347,617

3,305,794

CREDITORS
Amounts falling due after more than one
year

11

(1,358,132

)

(1,395,745

)

PROVISIONS FOR LIABILITIES (63,184 ) (65,223 )
NET ASSETS 1,926,301 1,844,826

CAPITAL AND RESERVES
Called up share capital 13 100 100
Fair value reserve 14 241,453 241,453
Retained earnings 1,684,748 1,603,273
SHAREHOLDERS' FUNDS 1,926,301 1,844,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

BALANCE SHEET - continued
31ST JANUARY 2025


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 director and authorised for issue on 11th June 2025 and were signed by:





I S Toot - Director


N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

N & I Holdings 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. 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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 N & I Holdings 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2016, 2017 and 2018, is being amortised evenly over their estimated useful lives of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Motor vehicles - 25% on reducing balance

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.

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.


N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The Director has given due consideration to the current company trading operations and, as a result, the accounts are prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2024
and 31st January 2025 235,000
AMORTISATION
At 1st February 2024 186,000
Amortisation for year 23,500
At 31st January 2025 209,500
NET BOOK VALUE
At 31st January 2025 25,500
At 31st January 2024 49,000

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st February 2024
and 31st January 2025 60,041 57,090 117,131
DEPRECIATION
At 1st February 2024 48,749 23,193 71,942
Charge for year 2,258 8,474 10,732
At 31st January 2025 51,007 31,667 82,674
NET BOOK VALUE
At 31st January 2025 9,034 25,423 34,457
At 31st January 2024 11,292 33,897 45,189

N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st February 2024 238,824
Additions 351,545
Disposals (100 )
Revaluations (548 )
At 31st January 2025 589,721
NET BOOK VALUE
At 31st January 2025 589,721
At 31st January 2024 238,824

Cost or valuation at 31st January 2025 is represented by:

Other
investments
£   
Valuation in 2024 589,721

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2024
and 31st January 2025 1,615,225
NET BOOK VALUE
At 31st January 2025 1,615,225
At 31st January 2024 1,615,225

The director has good knowledge of local property values and after due consideration of this, the freehold properties have been revalued based upon this experience of local property prices.

Had investment property not been revalued, it would be held at historic cost of £1,241,685.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 126,724 26,400
Other debtors 864,085 1,349,982
990,809 1,376,382

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 30,927 36,082
Hire purchase contracts 9,996 9,518
Trade creditors 8,500 2,499
Amounts owed to group undertakings 19,233 6,560
Taxation and social security 72,488 95,205
Other creditors 205,512 46,634
346,656 196,498

N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,345,865 1,373,482
Hire purchase contracts 12,267 22,263
1,358,132 1,395,745

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,986 7,943

12. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Metro Bank PLC 1,345,022 1,371,837

Metro Bank plc has a fixed charge over the investment properties held by the company.

In addition to the fixed charges, Metro Bank plc also holds a fixed and floating charge over all other assets of the company.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Fair
value
reserve
£   
At 1st February 2024
and 31st January 2025 241,453

15. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
I S Toot
Balance outstanding at start of year 68,716 127,892
Amounts advanced 82,564 181,544
Amounts repaid (241,033 ) (240,720 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (89,753 ) 68,716

N & I HOLDINGS LIMITED (REGISTERED NUMBER: 09810149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

16. RELATED PARTY DISCLOSURES

Within other debtors are the following transactions:

£2,532 which has been loaned to Care Serve Holdings Ltd. A company in which Mr & Mrs Toot own a third of the issued share capital.

£53,612 which has been loaned to New Century Care (Ash) Ltd. A company in which Mr I Toot is a Director.

£709,095 which has been loaned to Anaya Assets Ltd. A company in which Mr I Toot owns 50% of the issued share capital.

£95,760 which has been loaned to N & I Investments Ltd. A company in which Mr I Toot owns 50% of the issued share capital.



Within other creditors are the following transactions:

£38,657 which has been loaned by 61 Godwin Road Freehold Ltd Ltd. A company in which Mr I Toot owns 50% of the issued share capital.

£77,102 which has been loaned by High View Oast Ltd. A company in which Mr I Toot is a director.