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Company Registration No. 13824024 (England and Wales)
Nick Real Estate Limited Unaudited accounts for the year ended 31 December 2024
Nick Real Estate Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nick Real Estate Limited Company Information for the year ended 31 December 2024
Directors
Dr. M Javanbakht Mrs. A Mashayekhi
Company Number
13824024 (England and Wales)
Registered Office
6 Bassett Wood Drive Southampton SO16 3PT
Accountants
P7 Accounting Limited 25 Cutbush Lane Bitterne Southampton SO18 5QP
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Nick Real Estate Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
15,372 
Investment property
5
700,000 
365,000 
700,000 
380,372 
Current assets
Cash at bank and in hand
27 
9,590 
Creditors: amounts falling due within one year
6
477 
(1,227)
Net current assets
504 
8,363 
Total assets less current liabilities
700,504 
388,735 
Creditors: amounts falling due after more than one year
7
(730,782)
(405,024)
Net liabilities
(30,278)
(16,289)
Capital and reserves
Fair value reserve
(19,321)
- 
Profit and loss account
(10,957)
(16,289)
Shareholders' funds
(30,278)
(16,289)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Dr. M Javanbakht Director Company Registration No. 13824024
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Nick Real Estate Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Nick Real Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 13824024. The registered office is 6 Bassett Wood Drive, Southampton, SO16 3PT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Nick Real Estate Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2024
16,470 
Transfer to investment property
(16,470)
At 31 December 2024
- 
Depreciation
At 1 January 2024
1,098 
On transfers from investment property
(1,098)
At 31 December 2024
- 
Net book value
At 31 December 2024
- 
At 31 December 2023
15,372 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
365,000 
Additions
335,817 
Net loss from fair value adjustments
(19,321)
Transfers from tangible fixed assets
18,504 
At 31 December 2024
700,000 
Investment properties were valued on an open-market basis at the year end date by Dr. M Javanbakht, Director.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(1,227)
1,227 
Accruals
750 
- 
(477)
1,227 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
517,725 
273,730 
Loans from directors
213,057 
131,294 
730,782 
405,024 
Bank loans are secured against the investment property to which they relate.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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Nick Real Estate Limited Notes to the Accounts for the year ended 31 December 2024
9
Reconciliations on adoption of FRS 102
As noted on the statement of income and retained earnings, the accounts for the year ended 31 December 2023 were presented under FRS105. The accounts for the year ended 31 December 2024 are presented under FRS102(1a). The comparatives are not restated, but adjustments have been made in the current period to reverse historic depreciation charges and costs incorrectly shown as capital.
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