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REGISTERED NUMBER: 08039498 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NUK REAL ESTATE LIMITED

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


NUK REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: DR M BRUNETTI





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 08039498 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2024


The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of other letting and operating of own or leased real estate.

DIRECTOR
DR M BRUNETTI held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





DR M BRUNETTI - Director


30 June 2025

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 58,249 33,941

Administrative expenses (90,178 ) (283,565 )
(31,929 ) (249,624 )

Other operating income 85,768 245,986
Gain/loss on revaluation of assets (9,983 ) 305,465
OPERATING PROFIT 4 43,856 301,827

Interest receivable and similar income 6,991 55,388
50,847 357,215

Interest payable and similar expenses (5,067 ) (21,926 )
PROFIT BEFORE TAXATION 45,780 335,289

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 45,780 335,289

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 2,233,434 2,233,434
2,233,434 2,233,434

CURRENT ASSETS
Debtors 7 5,265 7,343
Investments 8 - 7,801,392
Cash at bank and in hand 27,199 160,784
32,464 7,969,519
CREDITORS
Amounts falling due within one year 9 (32,183 ) (7,882,305 )
NET CURRENT ASSETS 281 87,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,233,715

2,320,648

CAPITAL AND RESERVES
Called up share capital 454,797 454,797
Other reserves 1,301,490 1,434,203
Retained earnings 477,428 431,648
2,233,715 2,320,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:





DR M BRUNETTI - Director


NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

NUK REAL ESTATE 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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.

Lease income from operating leases (excluding amounts for services such as insurance and maintenance) are recognised in profit or loss on a straight-line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings: 25%, straight line.

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.

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments

An entity recognises a financial asset or a financial liability only when the entity becomes a party to the contractual provisions of the instrument.


Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Basic debt instruments and commitments to receive a loan and to make a loan to another entity that meet the conditions in FRS 102:11.8(c), after initial recognition are measured at fair value through profit or loss, provided that this results in more relevant information.


Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets - 1,613

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 7,594
DEPRECIATION
At 1 January 2024
and 31 December 2024 7,594
NET BOOK VALUE
At 31 December 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,233,434
NET BOOK VALUE
At 31 December 2024 2,233,434
At 31 December 2023 2,233,434

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,265 7,343

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 7,801,392

NUK REAL ESTATE LIMITED (REGISTERED NUMBER: 08039498)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 5,203
Other creditors 32,183 7,877,102
32,183 7,882,305

In the reporting period the company initiated a short term loan with the parent company. This loan amounts to £20,000 and is scheduled for repayment within December 2025. The loan carries an annual 5% interest rate.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Navy Group Srl.

The ultimate controlling party is DR M BRUNETTI.

11. DISMISSED BUSINESS ACTIVITY

During the reporting period, management undertook a strategic review of the Group's operations. As a result, a decision was made to discontinue the business segment relating to investment trading activities. The Group will henceforth focus exclusively on generating income from real estate investments.