NBK (LONDON) NOMINEES LIMITED

Company Registration Number:
01542210 (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 (LONDON) NOMINEES 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 (LONDON) NOMINEES 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 main activity of the Company is acting as a nominee for non-resident investors who invest in offshore funds. As a nominee, the Company holds shares in investments on behalf of clients of other group companies. The Directors expect this activity to continue in future years. The 2024 turnover reflects a satisfactory level of activity associated with management fee income. Operating charges represent the recovery of service costs provided by a fellow group undertaking, National Bank of Kuwait (International) Plc (NBKI), and are set to not exceed the level of fees earned.

Political and charitable donations

N/A

Additional information

Post Balance Sheet Events Explicitly states that there are no material post balance sheet events (see Note 11). Going Concern Assessment Detailed explanation of the Directors’ assessment of the Company’s ability to continue operating under current and stressed conditions. Political Donations Confirms that no political donations were made during the year. Principal Risks and Uncertainties Discusses operational risk and the internal controls in place to mitigate it. Strategic Report Exemption Notes that the Company claims exemption from preparing a strategic report 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 States 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: Ashleigh M'Crystal
Status: Secretary

NBK (LONDON) NOMINEES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£
£
Turnover: 934,939 984,689
Cost of sales: ( 934,939 ) ( 984,689 )
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

NBK (LONDON) NOMINEES 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:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 70,768 101,424
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 70,768 101,424
Creditors: amounts falling due within one year: 4 ( 70,668 ) ( 101,324 )
Net current assets (liabilities): 100 100
Total assets less current liabilities: 100 100
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): 100 100
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 0 0
Total Shareholders' funds: 100 100

The notes form part of these financial statements

NBK (LONDON) NOMINEES 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 (LONDON) NOMINEES 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 UK GAAP (FRS 102). Going Concern The Directors assessed the Company’s ability to continue operating for at least 12 months and concluded it remains a going concern. Debtors and Other Receivables Recorded at amortised cost; includes accrued income from management fees. Significant Judgements and Estimates None applied in the preparation of these financial statements. Revenue Recognition Revenue from nominee and management services is recognised on an accrual basis. Subscription fees are recognised at the point of payment. Management fees are recognised across the service period and assigned to NBKI as operating charges. Impairment Assets are reviewed for impairment, with provisions disclosed if applicable. Foreign Currencies Transactions in foreign currencies are translated at the exchange rate on the transaction date. No exchange differences arise due to matching of income and expenditure. Taxation Corporation tax is provided at the applicable UK rate. No deferred tax assets or liabilities are recognised.

NBK (LONDON) NOMINEES 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 (LONDON) NOMINEES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 70,668 101,324
Other debtors 100 100
Total 70,768 101,424
Debtors due after more than one year: 0 0

NBK (LONDON) NOMINEES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. 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 0 0
Accruals and deferred income 70,668 101,324
Other creditors 0 0
Total 70,668 101,324