NBK OVERSEAS (LONDON) LIMITED

Company Registration Number:
01505586 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

NBK OVERSEAS (LONDON) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NBK OVERSEAS (LONDON) LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the company during the year was that of a holding company. The company holds 100% of the share capital in NBK (London) Nominees Limited, a subsidiary which acts as a nominee for non-resident investors investing in offshore managed funds. The Directors do not anticipate any changes to this activity in the foreseeable future.

Political and charitable donations

N.A

Additional information

ost Balance Sheet Events States that there are no material post balance sheet events (Note 14). Review of Business Developments Describes the subsidiary’s activities and confirms no expected changes. Going Concern Assessment Provides a detailed explanation of the Directors’ assessment and rationale. Political Donations Confirms that no political donations were made during the year. Principal Risks and Uncertainties Discusses risk management and interest rate exposure. Strategic Report Exemption Claims exemption under CA2006 sections 414A and 414B. Directors and Company Secretaries Lists appointments and resignations during the year. Disclosure of Information to Auditors Confirms that all relevant audit information has been disclosed. Auditor Reappointment Notes that Deloitte LLP is deemed reappointed under section 487 of CA2006.



Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Mohammad Adnan Rahman

The director shown below has held office during the period of
1 January 2024 to 1 October 2024

Fawzi Adnan Dajani

The director shown below has held office during the period of
1 October 2024 to 31 December 2024

Sami Mohamad-Siham El-Labban

Secretary Ashleigh M'Crystal

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2025

And signed on behalf of the board by:
Name: Mohammad Adnan Rahman
Status: Director

NBK OVERSEAS (LONDON) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£
£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 39,474 ) ( 33,091 )
Other operating income: 169,006 117,715
Operating profit(or loss): 129,532 84,624
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 129,532 84,624
Tax: ( 32,383 ) ( 12,366 )
Profit(or loss) for the financial year: 97,149 72,258

NBK OVERSEAS (LONDON) LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 100 100
Total fixed assets: 100 100
Current assets
Stocks:   0 0
Debtors: 4 1,578 1,445
Cash at bank and in hand: 76,582 37,843
Investments: 5 3,379,216 3,298,101
Total current assets: 3,457,376 3,337,389
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 46,069 ) ( 23,230 )
Net current assets (liabilities): 3,411,307 3,314,159
Total assets less current liabilities: 3,411,407 3,314,259
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,411,407 3,314,259
Capital and reserves
Called up share capital: 3,100,000 3,100,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 311,407 214,259
Total Shareholders' funds: 3,411,407 3,314,259

The notes form part of these financial statements

NBK OVERSEAS (LONDON) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Mohammad Adnan Rahman
Status: Director

The notes form part of these financial statements

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    Basis of Preparation Accounts are prepared under the historical cost convention and in accordance with FRS 102 (UK GAAP). The Company applies consolidation exemptions under FRS 102 and Section 401(2) of the Companies Act 2006. Currency Functional and presentation currency is GBP (£). Financial Instruments All financial instruments are carried at amortised cost. Going Concern The Directors have assessed the Company’s financial position and concluded it is appropriate to prepare the accounts on a going concern basis. Cash Flow Statement The Company has taken advantage of the exemption from presenting a cash flow statement under paragraph 3.1B of FRS 102. Foreign Currency Transactions Transactions are recorded at the exchange rate on the transaction date or an average rate. Monetary assets and liabilities are retranslated at the year-end rate, with differences taken to the income statement. Impairment Assets are reviewed for impairment, and provisions are made where necessary. Investments Investments are stated at cost less impairment. Revenue Recognition Revenue, costs, and interest income are accounted for on an accrual basis. Taxation Corporation tax is provided at the applicable UK rate. No deferred tax assets or liabilities are recognised.

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed assets investments note

Description2024 (£)2023 (£)Ordinary shares at cost in subsidiary undertaking100100 The investment is in NBK (London) Nominees Limited, a wholly owned subsidiary. Country of incorporation: England Nature of business: Nominee Proportion held: 100% Registered office: 13 George Street, London, W1U 3QJ The Directors consider the investment not impaired, as the net assets of the subsidiary are equal to the carrying value.

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 1,578 1,445
Other debtors 0 0
Total 1,578 1,445
Debtors due after more than one year: 0 0

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Current assets investments note

The Company holds deposits with banks as part of its current assets investments: Description2024 (£)2023 (£)Deposits with banks3,379,2163,298,101 These deposits have an original maturity of 9 months. The remaining maturity as at 31 December 2024 is also 9 months (2023: 3 months). The deposits carry an average interest rate of 4.55% in 2024 (2023: 5.2%).

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 32,383 12,366
Accruals and deferred income 13,586 10,764
Other creditors 100 100
Total 46,069 23,230

NBK OVERSEAS (LONDON) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Financial Commitments

The notes to the financial statements (pages 14–18) cover the following areas: Accounting policies Taxation Turnover, employees, directors Operating charges Fixed asset investments Cash and deposits Debtors Creditors Share capital Related party transactions Post balance sheet events Ultimate parent company