N & K Wealth Management Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10712497

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		155		358
Investment Property	5		1,967,770		1,967,770

			1,967,925		1,968,128
CURRENT ASSETS
Debtors	6	1,096		(603 )
Cash at bank and in hand		54,229		25,109

		55,325		24,506
Creditors: Amounts Falling Due Within One Year	7	(28,704 )		(18,883 )

NET CURRENT ASSETS (LIABILITIES)			26,621		5,623

TOTAL ASSETS LESS CURRENT LIABILITIES			1,994,546		1,973,751

Creditors: Amounts Falling Due After More Than One Year	8		(1,234,103 )		(1,263,416 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(115,360 )		(115,411 )

NET ASSETS			645,083		594,924

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		345,965		345,965
Profit and Loss Account			299,018		248,859

SHAREHOLDERS' FUNDS			645,083		594,924

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N & K Wealth Management Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K Korpal

Director

8 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

N & K Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10712497 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the rent received or receivable for the rental of investment properties.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Reducing balance basis

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset and determined annually by the directors. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.6. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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N & K Wealth Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 May 2024	1,053

As at 30 April 2025	1,053

Depreciation
As at 1 May 2024	695
Provided during the period	203

As at 30 April 2025	898

Net Book Value
As at 30 April 2025	155

As at 1 May 2024	358

5. Investment Property

	Other
	£
Cost or Valuation
As at 1 May 2024	1,967,770

As at 30 April 2025	1,967,770

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	1,967,770

As at 1 May 2024	1,967,770

Investment properties were subject to valuation by the directors at 31 March 2025 on an open market basis. A spread valuation for each property was obtained with an average valuation being accounted for in these financial statements.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	(1,900 )
Prepayments and accrued income	1,096	980
VAT	-	317

	1,096	(603 )

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N & K Wealth Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
VAT	407	-
Other creditors	21,187	11,173
Accruals and deferred income	7,110	7,710

	28,704	18,883

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	339,127	364,817
Other creditors	580,000	580,000
Directors loan account	314,976	318,599

	1,234,103	1,263,416

The bank borrowings are secured by a legal charge over the Company's investment properties.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Revaluation Reserve
	£
As at 1 May 2024	345,965

As at 30 April 2025	345,965

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