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REGISTERED NUMBER: 11670636 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nagi Estates Limited

Nagi Estates Limited (Registered number: 11670636)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nagi Estates Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: SK Nagi
Mrs S Nagi





REGISTERED OFFICE: Unit 3
Waterside Drive
Langley
Berkshire
SL3 6EZ





REGISTERED NUMBER: 11670636 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

Nagi Estates Limited (Registered number: 11670636)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,840 32,051
Investment property 5 5,057,742 4,294,000
5,085,582 4,326,051

CURRENT ASSETS
Debtors 6 4,100 15,556
Cash at bank and in hand 115,368 374,602
119,468 390,158
CREDITORS
Amounts falling due within one year 7 103,199 100,499
NET CURRENT ASSETS 16,269 289,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,101,851

4,615,710

CREDITORS
Amounts falling due after more than one
year

8

(737,449

)

(351,791

)

PROVISIONS FOR LIABILITIES (125,009 ) (125,009 )
NET ASSETS 4,239,393 4,138,910

CAPITAL AND RESERVES
Called up share capital 3,490,064 3,490,064
Revaluation reserve 9 375,027 375,027
Retained earnings 374,302 273,819
4,239,393 4,138,910

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

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

The directors acknowledge their 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.

Nagi Estates Limited (Registered number: 11670636)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





SK Nagi - Director


Nagi Estates Limited (Registered number: 11670636)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Nagi Estates 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. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date on the basis of an annual valuation. Any aggregate surplus or deficit arising from changes in the market value is transferred to a revaluation reserve.

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.

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.

Nagi Estates Limited (Registered number: 11670636)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 62,226
Additions 2,199
At 31 March 2025 64,425
DEPRECIATION
At 1 April 2024 30,175
Charge for year 6,410
At 31 March 2025 36,585
NET BOOK VALUE
At 31 March 2025 27,840
At 31 March 2024 32,051

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 4,294,000
Additions 763,742
At 31 March 2025 5,057,742
NET BOOK VALUE
At 31 March 2025 5,057,742
At 31 March 2024 4,294,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 500,036
Cost 4,557,706
5,057,742

The director revalued the properties as at 31 March 2024.

Nagi Estates Limited (Registered number: 11670636)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 7,925
Other debtors 4,100 7,631
4,100 15,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 12,937 12,937
Trade creditors 2,205 28
Taxation and social security 33,241 34,766
Other creditors 54,816 52,768
103,199 100,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 766 14,085
Other creditors 736,683 337,706
737,449 351,791

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 375,027

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2024 - £2,000) were paid to the directors .

At 31 March 2025 the directors were owed by the company £24,652 (2024 - £22,703).