Registration number: 12062696

Nyikai Property Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 5

Nyikai Property Ltd

Company Information

Director

Mr Lavine Lewis Jones

Registered office

Bickleigh House St Georges Super Ely Cardiff Vale of Glamorgan CF5 6EW

Nyikai Property Ltd

(Registration number: 12062696)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	2	1,575	1,835
Investment property	3	1,490,000	1,341,037
		1,491,575	1,342,872
Current assets
Debtors	4	950	6,627
Cash at bank and in hand		150,739	50,929
		151,689	57,556
Creditors: Amounts falling due within one year	5	(464,800)	(478,860)
Net current liabilities		(313,111)	(421,304)
Total assets less current liabilities		1,178,464	921,568
Creditors: Amounts falling due after more than one year	5	(900,016)	(657,142)
Provisions for liabilities		(70,651)	(58,954)
Net assets		207,797	205,472
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		301,198	251,328
Retained earnings		(94,401)	(46,856)
Shareholders' funds		207,797	205,472

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 30 November 2025
 

Nyikai Property Ltd

(Registration number: 12062696)
Balance Sheet as at 30 November 2024 (continued)

......................................... Mr Lavine Lewis Jones Director

Nyikai Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

2	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2023	2,446	2,446
Additions	469	469
At 30 November 2024	2,915	2,915
Depreciation
At 1 December 2023	611	611
Charge for the year	729	729
At 30 November 2024	1,340	1,340
Carrying amount
At 30 November 2024	1,575	1,575
At 30 November 2023	1,835	1,835

3	Investment properties

	2024 £
At 1 December	1,341,037
Additions	87,395
Fair value adjustments	61,568
At 30 November	1,490,000

The fair value of the property at 30th November 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,490,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

There has been no valuation of investment property by an independent valuer.

Nyikai Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

4

Debtors

Current	2024 £	2023 £
Trade debtors	950	-
Other debtors	-	6,627
	950	6,627

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		-	(105)
Amounts owed to group undertakings and undertakings in which the company has a participating interest		424,068	401,700
Accruals and deferred income		1,519	1,498
Other creditors		39,213	75,767
		464,800	478,860

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		900,016	657,142