REGISTERED NUMBER: 03812741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

NWG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Shah

REGISTERED OFFICE:

Alpha House

296 Kenton Road

Harrow

HA3 8DD

REGISTERED NUMBER:

03812741 (England and Wales)

ACCOUNTANTS:

Frasers Young Limited

Chartered Certified Accountants

Alpha House

296 Kenton Road

Harrow

HA3 8DD

FIXED ASSETS

Tangible assets

4

771

907

Investment property

5

1,500,000

1,500,000

1,500,771

1,500,907

CURRENT ASSETS

Debtors

6

202,975

202,975

Cash at bank

101,061

60,250

304,036

263,225

CREDITORS

Amounts falling due within one year

7

(33,227

)

(21,460

)

NET CURRENT ASSETS

270,809

241,765

TOTAL ASSETS LESS CURRENT LIABILITIES

1,771,580

1,742,672

CREDITORS

Amounts falling due after more than one year

8

(867,550

)

(867,550

)

PROVISIONS FOR LIABILITIES

(167,637

)

(167,637

)

NET ASSETS

736,393

707,485

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

736,293

707,385

SHAREHOLDERS' FUNDS

736,393

707,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 16 September 2025 and were signed by:

H Shah - Director

1.	STATUTORY INFORMATION

NWG 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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment properties

Investment properties are included at fair value. Gains are recognised in the statement of recognised gains and losses the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

3,437

DEPRECIATION

At 1 January 2024

2,530

Charge for year

136

At 31 December 2024

2,666

NET BOOK VALUE

At 31 December 2024

771

At 31 December 2023

907

5.	INVESTMENT PROPERTY

Cost or valuation at 31 December 2024 is represented by:

£

Valuation in 2012

282,298

Valuation in 2015

200,000

Valuation in 2021

400,000

Cost

617,702

1,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

202,975

202,975

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

9,407

146

Other creditors

23,820

21,314

33,227

21,460

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

867,550

867,550

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

867,550

867,550

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

867,550

867,550

The bank loans are secured on the properties owned by the company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director.