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Registration number: 09164707

Nezer Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Nezer Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Nezer Investments Limited

Company Information

Directors

Mr Ephraim Frankel

Mr Joel Frankel

Registered office

8 Rodborough Road
London
London
NW11 8RY

Accountants

Gilbert, Allan & Co 8 Rodborough Road
London
London
NW11 8RY

 

Nezer Investments Limited

(Registration number: 09164707)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

834

-

Investment property

5

1,394,070

1,259,070

Investments

6

30

30

 

1,394,934

1,259,100

Current assets

 

Debtors

7

255,938

45,938

Cash at bank and in hand

 

1,285

3,373

 

257,223

49,311

Creditors: Amounts falling due within one year

8

(1,472,734)

(1,335,954)

Net current liabilities

 

(1,215,511)

(1,286,643)

Total assets less current liabilities

 

179,423

(27,543)

Creditors: Amounts falling due after more than one year

8

(316,363)

(102,768)

Net liabilities

 

(136,940)

(130,311)

Capital and reserves

 

Retained earnings

(136,940)

(130,311)

Shareholders' deficit

 

(136,940)

(130,311)

For the financial year ending 30 June 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 17 June 2025 and signed on its behalf by:
 

 

Nezer Investments Limited

(Registration number: 09164707)
Balance Sheet as at 30 June 2024

.........................................
Mr Ephraim Frankel
Director

.........................................
Mr Joel Frankel
Director

 

Nezer Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
8 Rodborough Road
London
London
NW11 8RY
United Kingdom

The principal place of business is:
Worldholdbros
Room 3
220 The Vale
London
NW11 8SR
England

These financial statements were authorised for issue by the Board on 17 June 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises 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.

 

Nezer Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The current income 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

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:

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 in fair value are recognised in 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

The company owns 30 £1 shares in Edgewater (Hammersmith) Limited, a property investment company. These shares are held in trust by Maida Vale Investments Limited.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Nezer Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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 year, was 2 (2023 - 2).

 

Nezer Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,250

1,250

At 30 June 2024

1,250

1,250

Depreciation

Charge for the year

416

416

At 30 June 2024

416

416

Carrying amount

At 30 June 2024

834

834

5

Investment properties

2024
£

At 1 July

1,259,070

Additions

135,000

At 30 June

1,394,070

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

6

Investments

2024
£

2023
£

Investments in associates

30

30

Associates

£

Cost

At 1 July 2023

30

Provision

Carrying amount

At 30 June 2024

30

At 30 June 2023

30

 

Nezer Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Aggregate financial information of associates

2024
£

2023
£

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

Associates

Edgewater (Hammersmith) Limited

214 Stamford Hill
London
N16 6RA

Ordinary

30%

30%

England and Wales

Associates

Edgewater (Hammersmith) Limited

The principal activity of Edgewater (Hammersmith) Limited is Property investment company.

7

Debtors

Current

2024
£

2023
£

Other debtors

255,938

45,938

 

255,938

45,938

 

Nezer Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

24,500

24,500

Accruals and deferred income

 

1,320

1,140

Other creditors

 

1,446,914

1,310,314

 

1,472,734

1,335,954

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

316,363

102,768

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

316,363

102,768

Current loans and borrowings

2024
£

2023
£

Other borrowings

24,500

24,500