Registered number
11029169
Nowell Investments Limited
Filleted Accounts
31 January 2025
Nowell Investments Limited
Registered number: 11029169
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 9,796,026 4,846,320
Current assets
Debtors 4 (6,171) (5,343)
Cash at bank and in hand 222,480 1,033,101
216,309 1,027,758
Creditors: amounts falling due within one year 5 (180,476) (100,640)
Net current assets 35,833 927,118
Total assets less current liabilities 9,831,859 5,773,438
Creditors: amounts falling due after more than one year 6 (8,400,096) (4,589,918)
Net assets 1,431,763 1,183,520
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,431,663 1,183,420
Shareholders' funds 1,431,763 1,183,520
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nizam U Patel
Director
Approved by the board on 23 October 2025
Nowell Investments Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 5,300,873
Additions 5,158,903
At 31 January 2025 10,459,776
Depreciation
At 1 February 2024 454,553
Charge for the year 209,197
At 31 January 2025 663,750
Net book value
At 31 January 2025 9,796,026
At 31 January 2024 4,846,320
4 Debtors 2025 2024
£ £
Trade debtors (42,866) (42,866)
Deferred tax asset 36,695 37,523
(6,171) (5,343)
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,358 3,899
Taxation and social security costs 176,619 94,542
Other creditors 2,499 2,199
180,476 100,640
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors ** 8,400,096 4,589,918
** The company has not entered into any formal payment plan and the balances owed are interest free but this is reviewed on annual basis. As the lendors have indicated their full support to the company for the foreseeable future by confirming that they have no intention of making any substantial withdrawals from their loan account, these balances have been classed as long-term liabilities.
7 Related party transactions
The other creditors reflected in note 6 are companies controlled by the directors' parents.
8 Controlling party
By virtue of their shareholdings, the company is ultimately controlled by the directors, Mr N U and Mr M U Patel.
9 Other information
Nowell Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cambridge House
66 Little Horton lane
Bradford
BD5 0HU
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