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Registered number: 10617651
Naseby Holdings Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Naseby Holdings Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Naseby Holdings Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 10617651

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 6 |  | 475,540 |  | 475,540
|  |  | 475,540 |  | 475,540
CURRENT ASSETS
Debtors | 7 | - |  | 34 |
Cash at bank and in hand |  | 6,737 |  | 3,624 |
|  | 6,737 |  | 3,658 |
Creditors: Amounts Falling Due Within One Year | 8 | (117,819 ) |  | (119,163 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (111,082 ) |  | (115,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 364,458 |  | 360,035
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (364,074 ) |  | (357,787 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 11 |  | (2,425 ) |  | (2,779 )
NET LIABILITIES |  |  | (2,041 ) |  | (531 )
CAPITAL AND RESERVES
Called up share capital | 12 |  | 1 |  | 1
Fair value reserve | 13 |  | 77,810 |  | 77,810
Profit and Loss Account |  |  | (79,852 ) |  | (78,342 )
SHAREHOLDERS' FUNDS |  |  | (2,041) |  | (531)

Page 1
Page 2
Naseby Holdings Ltd
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr John Fairfax Director
12/08/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Naseby Holdings Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Naseby Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10617651 . The registered office is 115 Gowan Avenue, London, SW6 6RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company has the continued financial support of its director, who has agreed not to request repayment of his loan until the company has the funds available. On this basis the director of Naseby Holdings Limited considers it appropriate to prepare accounts on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Franchise fees. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 33% on cost

2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Page 3
Page 4
Naseby Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets

| Other Intangible Assets
--- | ---
| £
Cost
As at 1 March 2024 | 13,800
As at 28 February 2025 | 13,800
Amortisation
As at 1 March 2024 | 13,800
As at 28 February 2025 | 13,800
Net Book Value
As at 28 February 2025 | -
As at 1 March 2024 | -

Page 4
Page 5
Naseby Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
5. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 March 2024 | 12,285
As at 28 February 2025 | 12,285
Depreciation
As at 1 March 2024 | 12,285
As at 28 February 2025 | 12,285
Net Book Value
As at 28 February 2025 | -
As at 1 March 2024 | -

6. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 March 2024 and 28 February 2025 | 475,540

7. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 34

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Other creditors | 117,819 |  | 119,163

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans | 364,074 |  | 357,787

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans | 364,074 |  | 357,787

Page 5
Page 6
Naseby Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
10. Secured Creditors
Of the creditors the following amounts are secured on the property owned by the company.

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 364,074 |  | 357,787

11. Deferred Taxation
Previous, deferred taxation has only been included on the revaluation of the property. This year, a calculation has been included for tax losses brought forward, which has resulted in a significant reduction of the deferred tax liability in the year. This has been completed to more accurately reflect the tax position moving forward.

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Other timing differences | 2,425 |  | 2,779

12. Share Capital

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

13. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 March 2024 | 77,810
As at 28 February 2025 | 77,810

Page 6