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# NUBIA GROUP LIMITED

## Company Registration Number:
13849619 (England and Wales)

## Unaudited statutory accounts for the year ended 31 January 2025

## Period of accounts

## Start date: 1 February 2024

## End date: 31 January 2025

# NUBIA GROUP LIMITED

## Contents of the Financial Statements

for the Period Ended 31 January 2025

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

# NUBIA GROUP LIMITED

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

The principal activity of the company is that of an investment company,specifically the activities of open-ended investment companies (SIC 64304). During this financial year, the company's primary focus has been on the finalisation of its investment strategy and the advanced preparatory work for the launch of the Nubia Growth Equity Emerging Markets Fund I. The company has secured capital commitments and holds significant assets, which are presently retained in a designated investment account. These assets are being strategically held in readiness for deployment, pending the successful grant of the required authorisation from the Financial Conduct Authority (FCA). The company is on track with its launch timeline, targeting FCA authorisation in Q4 2025, after which it will commence active investment operations. The company’s investment thesis is to generate superior, risk-adjusted returns by providing growth equity to transformative, scalable businesses within high-impact sectors namely Renewable Energy, Digital Infrastructure, Sustainable Logistics, and Agri-tech across key emerging markets in Africa, Asia, and South America. All prospective investments will be aligned with a robust ESG framework and the United Nations Sustainable Development Goals (SDGs).

Additional information

Business Review During this financial year,the company's primary focus has been on the finalisation of its investment strategy and the advanced preparatory work for the launch of the Nubia Growth Equity Emerging Markets Fund I. The company has secured capital commitments and currently retains significant assets in a designated investment account. These assets are being strategically held in readiness for deployment, pending the successful grant of the required authorisation from the Financial Conduct Authority (FCA). The company is on track with its launch timeline, targeting FCA authorisation in Q4 2025, after which it will commence active investment operations. The company’s investment thesis is to generate superior, risk-adjusted returns by providing growth equity to transformative, scalable businesses within high-impact sectors namely Renewable Energy, Digital Infrastructure, Sustainable Logistics, and Agri-teh across key emerging markets in Africa, Asia, and South America. All prospective investments will be aligned with a robust ESG framework and the United Nations Sustainable Development Goals (SDGs). Results The company has not yet commenced its active investment activities and therefore did not generate trading income during the period.The directors have chosen to retain all capital within the company to fund the establishment of the fund and its future investment operations. The company's net assets at the year-end were approximately £7 million, held as liquid assets in preparation for the fund's launch. No dividend has been paid or is proposed for the year. The director who held office during the year and up to the date of this report was: Mr. Elijah Emmanuel Bey (Appointed 14 January 2022) Post-Balance Sheet Events There have been no significant events affecting the company since the end of the financial year that necessitate adjustment to the financial statements. Future Developments The directors anticipate that upon receipt of FCA authorisation,the company will begin the active deployment of capital into its pipeline of pre-vetted investment opportunities. The objective is to build a diversified portfolio aimed at delivering long-term capital appreciation for investors while driving measurable positive social and environmental impact in underserved markets.

Directors

The director shown below has held office during the whole of the period from
1 February 2024 to 31 January 2025

Elijah Emmanuel Bey

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
28 February 2025

And signed on behalf of the board by:
Name: Elijah Emmanuel Bey
Status: Director

# NUBIA GROUP LIMITED

## Profit And Loss Account

for the Period Ended 31 January 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 0 | 0
Cost of sales: | 0 | 0
Gross profit(or loss): | 0 | 0
Distribution costs: | 0 | 0
Administrative expenses: | ( 25,000 ) | ( 15,000 )
Other operating income: | 0 | 0
Operating profit(or loss): | (25,000) | (15,000)
Interest receivable and similar income: | 2,000 | 660
Interest payable and similar charges: | 0 | 0
Profit(or loss) before tax: | (23,000) | (14,340)
Tax: | 0 | 0
Profit(or loss) for the financial year: | (23,000) | (14,340)

# NUBIA GROUP LIMITED

## Balance sheet

As at 31 January 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 5,000 | 2,000
Investments: |  | 0 | 0
Total fixed assets: |  | 5,000 | 2,000
Current assets
Stocks: |  | 0 | 0
Debtors: | 4 | 15,000 | 10,000
Cash at bank and in hand: |  | 6,980,000 | 116,000
Investments: |  | 0 | 0
Total current assets: |  | 6,995,000 | 126,000
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 5 | ( 10,000 ) | ( 5,000 )
Net current assets (liabilities): |  | 6,985,000 | 121,000
Total assets less current liabilities: |  | 6,990,000 | 123,000
Creditors: amounts falling due after more than one year: | 6 | ( 10,000 ) | ( 5,000 )
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 6,980,000 | 118,000
Capital and reserves
Called up share capital: |  | 100 | 100
Share premium account: |  | 6,989,900 | 117,900
Other reserves: |  | 0 | 0
Profit and loss account: |  | (10,000 ) | 0
Total Shareholders' funds: |  | 6,980,000 | 118,000

The notes form part of these financial statements

# NUBIA GROUP LIMITED

## Balance sheet statements

For the year ending 31 January 2025 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 28 February 2025
and signed on behalf of the board by:

Name: Elijah Emmanuel Bey
Status: Director

The notes form part of these financial statements

# NUBIA GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 January 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to write off the cost of assets, less their estimated residual values, over their expected useful economic lives on a straight-line basis. The principal annual rates used for this purpose are: Computer equipment: 33% (3 years) Office equipment: 20% (5 years) Furniture and fixtures: 10% (10 years) Depreciation is not charged on assets in the course of construction until they are ready for their intended use. The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.

  Intangible fixed assets amortisation policy

  Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to write off the cost of assets, less their estimated residual values, over their expected useful economic lives on a straight-line basis. The principal annual rates used for this purpose are: Computer equipment: 33% (3 years) Office equipment: 20% (5 years) Furniture and fixtures: 10% (10 years) Depreciation is not charged on assets in the course of construction until they are ready for their intended use. The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.

  Other accounting policies

  Basis of Preparation: The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A (Small Entities) and the Companies Act 2006. Going Concern: The financial statements are prepared on the going concern basis, as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Financial Instruments: Basic financial instruments are recognised at amortised cost. Cash and cash equivalents comprise cash on hand and demand deposits. Taxation: Taxation represents the amount of tax payable based on the results for the year and deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Foreign Currency Translation: Transactions in foreign currencies are translated to Sterling at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date

# NUBIA GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 January 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 8 | 2

# NUBIA GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 February 2024 | 0 | 0 | 0 | 2,000 | 0 | 2,000
Additions | 0 | 0 | 0 | 3,000 | 0 | 3,000
Disposals | 0 | 0 | 0 | 0 | 0 | 0
Revaluations | 0 | 0 | 0 | 0 | 0 | 0
Transfers | 0 | 0 | 0 | 0 | 0 | 0
At 31 January 2025 | 0 | 0 | 0 | 5,000 | 0 | 5,000
Depreciation |  |  |  |  |  |
At 1 February 2024 | 0 | 0 | 0 | 0 | 0 | 0
Charge for year | 0 | 0 | 0 | 0 | 0 | 0
On disposals | 0 | 0 | 0 | 0 | 0 | 0
Other adjustments | 0 | 0 | 0 | 0 | 0 | 0
At 31 January 2025 | 0 | 0 | 0 | 0 | 0 | 0
Net book value |  |  |  |  |  |
At 31 January 2025 | 0 | 0 | 0 | 5,000 | 0 | 5,000
At 31 January 2024 | 0 | 0 | 0 | 2,000 | 0 | 2,000

# NUBIA GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 0 | 0
Prepayments and accrued income | 0 | 0
Other debtors | 15,000 | 10,000
Total | 15,000 | 10,000
Debtors due after more than one year: | 0 | 0

# NUBIA GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Trade creditors | 0 | 0
Taxation and social security | 0 | 0
Accruals and deferred income | 10,000 | 5,000
Total | 10,000 | 5,000

# NUBIA GROUP LIMITED

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 6. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Other creditors | 10,000 | 5,000
Total | 10,000 | 5,000