ACCOUNTS - Final Accounts preparation

Company registration number: 8491440

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025

	NEXUS PLANNING LIMITED


NEXUS PLANNING LIMITED

COMPANY INFORMATION

Directors	I Apsley
	P Mawson
	R Pearson
	A N Ross
	P Tooher
	R S Tustain
	A J Clements


Registered number	8491440


Registered office	Holmes House
	4 Pear Place
	London
	England
	SE1 8BT


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Bankers	HSBC Bank Plc
	Manchester
	M2 7HD


NEXUS PLANNING LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 7


NEXUS PLANNING LIMITED REGISTERED NUMBER:8491440

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Intangible Assets	5		-		3,315
Tangible fixed assets	6		24,073		11,405
			24,073		14,720
Current assets
Debtors: amounts falling due within one year	7	1,308,100		1,179,547
Bank and cash balances		346,878		2,972
		1,654,978		1,182,519
Creditors: amounts falling due within one year	9	(997,696)		(851,497)
Net current assets			657,282		331,022
Net assets			681,355		345,742

Capital and reserves
Called up share capital	1,000	1,000
Share premium account	147,369	147,369
Profit and loss account	532,986	197,373
	681,355	345,742

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R S Tustain

Director

Date: 20 October 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1


NEXUS PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Nexus Planning Limited is a private company limited by shares, incorporated in the England and Wales under Companies Act 2006. The registered office and pricipal trading address is given on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The Directors, from reviewing forcasts and budgets, conclude by making informed judgements from the data compiled, that the Company is a going concern as at the date of approval of these financial statements and looking 12 months forward and continue to adopt a going concern basis in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue for consultancy and other services is recognised by reference to the stage of completion. Stage of completion is measured by reference to labour hours and related costs incurred to date, as a percentage of total estimated labour hours and other related costs for each contract. Where the contract outcome cannot be measured reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
Where contracts are expected to have outturn losses, the losses are recognised in full immediately as onerous contracts.

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NEXUS PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Interest income

All interest-bearing loans and borrowings which are basic financial instruments are initally recognised at the present value of cash payable (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. The effective interest rate amortisation is included in finance costs in the income statement.

2.7

Defined contribution pension plan

The Company makes payments into the Nexus Planning Limited personal pension plan on behalf of all employees who choose to join or are automatically enrolled under relevant legislation. The pension plan is a defined contribution scheme and contributions are charged to the income statement as they accrue.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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NEXUS PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Short-term leasehold property	-	5 years straight line
				Fixtures, fittings and equipment	-	3-5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

- The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported in revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those judgements.
- Accrued and deferred income
- Revenure recognition includes estimations that are susceptible to management's estimations of the cost to complete, any additionl fees and the stage of completion of the job.

Employees

The average monthly number of employees, including directors, during the year was 45 (2024 - 46).

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NEXUS PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

5.	Intangible assets

		Computer software
		£
	Cost
	At 1 May 2024	12,430
	At 30 April 2025	12,430
	Amortisation
	At 1 May 2024	9,115
	Charge for the year on owned assets	3,315
	At 30 April 2025	12,430
	Net book value
	At 30 April 2025	-
	At 30 April 2024	3,315

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NEXUS PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

6.	Tangible fixed assets

	Short-term leasehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 May 2024	52,890	13,261	66,151
Additions	17,496	2,913	20,409
Disposals	(15,940)	-	(15,940)
At 30 April 2025	54,446	16,174	70,620
Depreciation
At 1 May 2024	46,506	8,240	54,746
Charge for the year on owned assets	3,558	4,183	7,741
Disposals	(15,940)	-	(15,940)
At 30 April 2025	34,124	12,423	46,547
Net book value
At 30 April 2025	20,322	3,751	24,073
At 30 April 2024	6,384	5,021	11,405

Debtors

					2025	2024
					£	£


Trade debtors	1,055,364	923,258
Amounts owed by group undertakings	1,440	2,100
Other debtors	27,483	49,157
Deferred tax	26,422	34,111
Prepayments	72,295	75,104
Amounts recoverable on long-term contracts	125,096	95,817
	1,308,100	1,179,547

8.	Cash and cash equivalents

Nexus Planning Limited participates in the group banking facilities and arrangements within the Broadway Malyan Group which provide day to day financing throughout the Broadway Malyan Group of companies controlled by Broadway Malyan Employee Ownership Trust Limited, a company incorporated in England and Wales.

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NEXUS PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

9.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Payments received on account	68,537	118,941
Trade creditors	67,176	76,434
Amounts owed to group undertakings	100,509	167,286
Corporation tax	19,909	-
Other taxation and social security	306,523	251,648
Accruals	431,525	227,652
Other creditors	3,517	9,536
	997,696	851,497

The Broadway Malyan Group has a number of loans and overdrafts which are secured by various debentures providing fixed and floating charges over certain assets of the group including its controlling interest in Nexus Planning Limited.

10.	Ultimate parent undertaking

The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include this company, is Broadway Malyan Holdings Limited. The company’s registered address is Holmes House, 4 Pear Place, London, England, SE1 8BT.

11.	Auditor's information

The auditor's report on the financial statements for the year ended 30 April 2025 was unqualified.

The audit report was signed on 20 October 2025 by Ralph Mitchison FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 7