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Registered number: 12828798









NERWAN GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
NERWAN GROUP LIMITED
REGISTERED NUMBER: 12828798

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,932,794
4,932,794

  
4,932,794
4,932,794

Current assets
  

Debtors: amounts falling due within one year
 5 
4,127
9,424

Cash at bank and in hand
 6 
72,675
349,155

  
76,802
358,579

Creditors: amounts falling due within one year
 7 
(2,755,472)
(2,733,037)

Net current liabilities
  
 
 
(2,678,670)
 
 
(2,374,458)

Total assets less current liabilities
  
2,254,124
2,558,336

Creditors: amounts falling due after more than one year
 8 
(1,360,000)
(1,860,000)

  

Net assets
  
894,124
698,336


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 9 
441,872
441,872

Profit and loss account
 9 
452,152
256,364

  
894,124
698,336


Page 1

 
NERWAN GROUP LIMITED
REGISTERED NUMBER: 12828798
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ranvir Singh Nerwan
Ranjit Singh Nerwan
Director
Director


Date: 17 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NERWAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Nerwan Group Limited (company number 12828798) is a private company limited by shares, registered in England and Wales.  Its registered office is at Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
NERWAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
0%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
NERWAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2024
4,932,794



At 31 March 2025

4,932,794






Net book value



At 31 March 2025
4,932,794




The net book value of land and buildings may be further analysed as follows:


2025
2024
£
£

Freehold
4,932,794
4,932,794

4,932,794
4,932,794


The investment properties were valued by the directors on an open market existing use basis. 

Cost or valuation at 31 March 2025 is as follows:

Land and buildings
£


At cost
-
At valuation:

At 31 March 2024
4,932,794



4,932,794

Page 5

 
NERWAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

           4.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2025
2024
£
£



Cost
4,490,922
4,490,922

Accumulated depreciation
(148,050)
(103,141)

Net book value
4,342,872
4,387,781


5.


Debtors

2025
2024
£
£


Trade debtors
-
3,937

Prepayments and accrued income
4,127
5,487

4,127
9,424



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
72,675
349,155

72,675
349,155



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
65,263
42,813

Other creditors
2,687,893
2,687,974

Accruals and deferred income
2,316
2,250

2,755,472
2,733,037


Page 6

 
NERWAN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
1,360,000
1,860,000

1,360,000
1,860,000



9.


Reserves

Revaluation reserve

The revaluation reserve represents the excess property valuation over cost.

Profit and loss account

Profit and loss account represents accumulated annual profits after tax.


10.


Related party transactions

Included within creditors due after more than one year is a loan from Kult Fashion Limited in the anount of £1,160,000 (2024: £1,660,000). The loan is unsecured, interest free and with no fixed repayment terms. Kult Fashion Limited is wholly owned by the directors.
Included within creditors due after more than one year is a loan from Avago Retail Limited in the anount of £200,000 (2024: £200,000). The loan is unsecured, interest free and with no fixed repayment terms. Avago Retail Limited is wholly owned by the directors immediate family.

 
Page 7