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REGISTERED NUMBER: NI676817 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Nicholas Residential Belfast Ltd

Nicholas Residential Belfast Ltd (Registered number: NI676817)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nicholas Residential Belfast Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: M Nicholas
P Nicholas





SECRETARY:





REGISTERED OFFICE: Wellington Park Business Centre
3 Wellington Park
Belfast
BT9 6DJ





REGISTERED NUMBER: NI676817 (Northern Ireland)





ACCOUNTANTS: MCA Accountants
Skeoge Industrial Estate
Beraghmore Rd
Londonderry
Co. Londonderry
BT48 8SE

Nicholas Residential Belfast Ltd (Registered number: NI676817)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,497 6,069

CURRENT ASSETS
Debtors 5 - 2,727
Cash at bank 121,132 49,638
121,132 52,365
CREDITORS
Amounts falling due within one year 6 124,078 61,217
NET CURRENT LIABILITIES (2,946 ) (8,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

551

(2,783

)

RESERVES
Retained earnings 551 (2,783 )
551 (2,783 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 22 July 2025 and were signed on its behalf by:





M Nicholas - Director


Nicholas Residential Belfast Ltd (Registered number: NI676817)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Nicholas Residential Belfast Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

Nicholas Residential Belfast Ltd (Registered number: NI676817)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 11,588
Additions 1,249
At 28 February 2025 12,837
DEPRECIATION
At 1 March 2024 5,519
Charge for year 3,821
At 28 February 2025 9,340
NET BOOK VALUE
At 28 February 2025 3,497
At 29 February 2024 6,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors - 2,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 957 3,436
Taxation and social security 40,313 4,307
Other creditors 82,808 53,474
124,078 61,217