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REGISTERED NUMBER: 03724461 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nelgus Holdings Limited

Nelgus Holdings Limited (Registered number: 03724461)






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


Nelgus Holdings Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: T Thomson





REGISTERED OFFICE: Hunters Gate Farm
Gosmore
Hitchin
Hertfordshire
SG4 7QP





REGISTERED NUMBER: 03724461 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Nelgus Holdings Limited (Registered number: 03724461)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 317 472
Investment property 5 1,835,000 1,835,000
1,835,317 1,835,472

CURRENT ASSETS
Debtors 6 27,474 266,952
Cash at bank 275,818 116,803
303,292 383,755
CREDITORS
Amounts falling due within one year 7 29,491 68,498
NET CURRENT ASSETS 273,801 315,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,109,118

2,150,729

PROVISIONS FOR LIABILITIES 8 146,536 146,536
NET ASSETS 1,962,582 2,004,193

CAPITAL AND RESERVES
Called up share capital 9 925 960
Fair value reserve 10 586,583 586,583
Retained earnings 10 1,375,074 1,416,650
SHAREHOLDERS' FUNDS 1,962,582 2,004,193

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 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.

Nelgus Holdings Limited (Registered number: 03724461)

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 director and authorised for issue on 1 August 2025 and were signed by:





T Thomson - Director


Nelgus Holdings Limited (Registered number: 03724461)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Nelgus Holdings 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents rent and bank interest receivable, on an accruals basis, during the year.

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 - 33% on reducing balance

Investment property
Investment properties are held for their investment potential and therefore carried at fair market value, where fair value can be determined without undue cost or effort.The surplus or deficit arising from the annual fair value adjustment is recognised in the income statement.

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.

Nelgus Holdings Limited (Registered number: 03724461)

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 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024
and 31 March 2025 1,578
DEPRECIATION
At 1 April 2024 1,106
Charge for year 155
At 31 March 2025 1,261
NET BOOK VALUE
At 31 March 2025 317
At 31 March 2024 472

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,835,000
NET BOOK VALUE
At 31 March 2025 1,835,000
At 31 March 2024 1,835,000

Included in fair value of investment property is freehold land of £ 1,835,000 (2024 - £ 1,835,000 ) which is not depreciated.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 668,174
Valuation in 2022 203,000
Cost 963,826
1,835,000

Nelgus Holdings Limited (Registered number: 03724461)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 963,826 963,826

Investment properties were valued on an informal basis on 31 March 2022 by the Director. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 27,474 27,474
Directors' current accounts - 190,909
Tax - 48,569
27,474 266,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 19,165 65,443
Directors' current accounts 7,210 -
Accruals and deferred income 3,116 3,055
29,491 68,498

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 146,536 146,536

Deferred
tax
£   
Balance at 1 April 2024 146,536
Balance at 31 March 2025 146,536

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1,000 Ordinary £1 925 960

Nelgus Holdings Limited (Registered number: 03724461)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 1,416,650 586,583 2,003,233
Profit for the year 66,887 66,887
Dividends (37,998 ) (37,998 )
Purchase of own shares (70,465 ) - (70,465 )
At 31 March 2025 1,375,074 586,583 1,961,657

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
T Thomson
Balance outstanding at start of year 190,909 -
Amounts advanced - 190,909
Amounts repaid (190,909 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 190,909