Nicaro Homes Ltd - Filleted accounts

Nicaro Homes Ltd
Registered number:		10602887
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		406,645			410,633

Current assets
Debtors	4	1,688			1,940
Cash at bank and in hand		22,391			37,499
		24,079			39,439

Creditors: amounts falling due within one year	5	(15,634)			(13,366)

Net current assets			8,445			26,073

Total assets less current liabilities			415,090			436,706

Creditors: amounts falling due after more than one year	6		(343,310)			(360,938)



Net assets			71,780			75,768

Capital and reserves
Called up share capital			2			2
Profit and loss account			71,778			75,766

Shareholders' funds			71,780			75,768

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.




PARVEZ NABI
Director
Approved by the board on 18 November 2025

Nicaro Homes Ltd
Notes to the Accounts
for the year ended 28 February 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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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.


	Investments
	Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	370,948		2,008		60,000		432,956
	Additions	-		4,936		-		4,936
	At 28 February 2025	370,948		6,944		60,000		437,892

	Depreciation
	At 1 March 2024	-		723		21,600		22,323
	Charge for the year	-		1,244		7,680		8,924
	At 28 February 2025	-		1,967		29,280		31,247

	Net book value
	At 28 February 2025	370,948		4,977		30,720		406,645
	At 29 February 2024	370,948		1,285		38,400		410,633




4	Debtors					2025		2024
£							£

	Other debtors					1,688		1,940


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,175		2,954
	Trade creditors					3,727		3,261
	Corporation tax					-		419
	Other taxes and social security costs					164		164
	Other creditors					6,568		6,568
						15,634		13,366


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					148,509		102,841
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					161,505		218,233
	Other creditors					33,296		39,864
						343,310		360,938


7	Other information

	Nicaro Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Brulimar House
	Jubilee Road
	Manchester
	M24 2LX