REGISTERED NUMBER: 11059753 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NANDA CARS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L G Nanda

S K Nanda

SECRETARY:

REGISTERED OFFICE:

217 East India Dock Road

London

E14 0ED

REGISTERED NUMBER:

11059753 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

CREDITORS

Amounts falling due within one year

4

37,265

39,714

NET CURRENT LIABILITIES

(37,265

)

(39,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,265

)

(39,714

)

CREDITORS

Amounts falling due after more than one year

5

1,529,737

1,500,267

NET LIABILITIES

(1,567,002

)

(1,539,981

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,567,003

)

(1,539,982

)

SHAREHOLDERS' FUNDS

(1,567,002

)

(1,539,981

)

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 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 23 September 2025 and were signed on its behalf by:

L G Nanda - Director

S K Nanda - Director

1.	STATUTORY INFORMATION

Nanda Cars 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.

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.

Going concern

The accounts have been prepared on a going concern basis on the assumption that the company will continue to receive adequate financial assistance from the group companies and the finance companies.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

40

5,031

Trade creditors

4,181

4,181

Taxation and social security

13,373

20,303

Other creditors

19,671

10,199

37,265

39,714

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

439,720

437,690

Amounts owed to associates

1,090,017

1,062,577

1,529,737

1,500,267

6.	RELATED PARTY DISCLOSURES

Included under creditors under amounts owed to group undertakings is:-

a. £411,049 ( 2023 £409,019) amount owed to Nanda & Sons Investments Ltd

b £28,671 ( 2023 £28,671) amount owed to Mayfair Acquisitions Ltd

Included under creditors under amounts owed to associated is:-

a. £340,950 (2023 £338,550 ) amount owed to 3N Acquisitions Ltd

b £112,721 (2023 £87,681) amount owed to Delta Acquisitions Ltd

c. £635,446 (2023 £635,446) amount owed to Nanda Brothers Ltd

d. £900 (2023 £900l) amount owed to SKK Nanda LLP

7.	PARENT COMPANY

The Company is a wholly owned subsidiary of Nanda & Sons Investments Ltd., a company incorporated in England. The ultimate parent company is Nanda Group Ltd.