NERO INVESTMENT COMPANY LIMITED

Company Registration Number:
02226916 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

NERO INVESTMENT COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

NERO INVESTMENT COMPANY LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Investments: 3 14,097,941 13,944,835
Total fixed assets: 14,097,941 13,944,835
Current assets
Debtors:   9,277,535 9,371,515
Cash at bank and in hand: 129,173 628,496
Total current assets: 9,406,708 10,000,011
Creditors: amounts falling due within one year:   (11,222,565) (11,625,438)
Net current assets (liabilities): (1,815,857) (1,625,427)
Total assets less current liabilities: 12,282,084 12,319,408
Creditors: amounts falling due after more than one year:   (16,154,816) (15,413,671)
Total net assets (liabilities): (3,872,732) (3,094,263)
Capital and reserves
Called up share capital: 80,116 80,116
Profit and loss account: (3,952,848) (3,174,379)
Shareholders funds: (3,872,732) (3,094,263)

The notes form part of these financial statements

NERO INVESTMENT COMPANY LIMITED

Balance sheet statements

For the year ending 31 December 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 December 2025
and signed on behalf of the board by:

Name: J.A. Leonard
Status: Director

The notes form part of these financial statements

NERO INVESTMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

NERO INVESTMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

NERO INVESTMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

6. Fixed asset investments Investments in subsidiaries 2024 Cost € At 01 January 2024 13,920,718 At 31 December 2024 13,920,718 Provisions for impairment At 01 January 2024 (24,117) Reversal of impairment (153,106) At 31 December 2024 (177,223) Carrying value at 31 December 2024 14,097,941 Carrying value at 31 December 2023 13,944,835 During the year there was an impairment reversal on the investment in Jubilee Properties Limited.

NERO INVESTMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

Name of the related party: Applaud Investments Ltd
Relationship:
Loan
Description of the Transaction: The transaction was the a loan provided to Nero
£
Balance at 01 January 2024 175,000
Balance at 31 December 2024 175,000

NERO INVESTMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Post balance sheet events

9. Events after the Balance Sheet date There have been no events after the balance sheet date affecting the Company since the financial year.