Company registration number 10024409 (England and Wales)
NG1 DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NG1 DEVELOPMENTS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
NG1 DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Trade and other receivables
2
919,169
921,089
Cash and cash equivalents
392
7,812
919,561
928,901
Current liabilities
3
(474,766)
(476,696)
Net current assets
444,795
452,205
Non-current liabilities
4
(2,625)
(7,125)
Net assets
442,170
445,080
Equity
Called up share capital
5
100
100
Retained earnings
442,070
444,980
Total equity
442,170
445,080

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 30 October 2025
Sharad Karia
Director
Company Registration No. 10024409
NG1 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

NG1 Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Millenium Business Centre, 3 Humber Road, London, NW2 6DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

NG1 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
305
2,225
Amounts owed by group undertakings
718,169
718,169
Other receivables
200,695
200,695
919,169
921,089
3
Current liabilities
2025
2024
£
£
Bank loans
4,500
4,500
Other payables
470,266
472,196
474,766
476,696
NG1 DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Non-current liabilities
2025
2024
£
£
Bank loans and overdrafts
2,625
7,125

The loans is a Bounce bank loan whose repayment and interest charge will commence from 20 October 2021. The loan is secured by a guarantee from the UK Government.

5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Related party transactions

At the balance sheet date,the amount receivable from parent company amounted to £718,169 (202 4: £718,169).

Included in other receivables is amount due from related party: Access Properties Limited £200,000 (202 4: £200,00).

Included in other payables are amounts due to related parties: SN3 Investments Limited £37 5,500 (202 4: £377,500), Property Service Investments £85,900 (202 4: £85,900), Pin Investments Limited £2,370 (2024: NIL).

7
Parent company

The ultimate parent company is Edgegrange Properties Limited, a company incorporated in England and Wales which holds 100% of issued share capital.

2025-03-31 2024-04-01 false false false 30 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Sharad Karia 0 10024409 2024-04-01 2025-03-31 10024409 2025-03-31 10024409 2024-03-31 10024409 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10024409 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10024409 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 10024409 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10024409 core:CurrentFinancialInstruments 2025-03-31 10024409 core:CurrentFinancialInstruments 2024-03-31 10024409 core:ShareCapital 2025-03-31 10024409 core:ShareCapital 2024-03-31 10024409 core:RetainedEarningsAccumulatedLosses 2025-03-31 10024409 core:RetainedEarningsAccumulatedLosses 2024-03-31 10024409 core:ShareCapitalOrdinaryShareClass1 2025-03-31 10024409 core:ShareCapitalOrdinaryShareClass1 2024-03-31 10024409 bus:Director1 2024-04-01 2025-03-31 10024409 core:Non-currentFinancialInstruments 2025-03-31 10024409 core:Non-currentFinancialInstruments 2024-03-31 10024409 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10024409 bus:OrdinaryShareClass1 2025-03-31 10024409 bus:OrdinaryShareClass1 2024-03-31 10024409 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10024409 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10024409 bus:FRS102 2024-04-01 2025-03-31 10024409 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10024409 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP