NK2N Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07525332

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		292,197		292,197

			292,197		292,197
CURRENT ASSETS
Debtors	6	13,101		12,621
Cash at bank and in hand		39,824		32,446

		52,925		45,067
Creditors: Amounts Falling Due Within One Year	7	(666,151 )		(663,187 )

NET CURRENT ASSETS (LIABILITIES)			(613,226 )		(618,120 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(321,029 )		(325,923 )

Creditors: Amounts Falling Due After More Than One Year	8		(134,724 )		(137,757 )

NET LIABILITIES			(455,753 )		(463,680 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Other reserves			16,000		16,000
Profit and Loss Account			(471,853 )		(479,780 )

SHAREHOLDERS' FUNDS			(455,753)		(463,680)

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NK2N Properties Limited

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr N Patel

Director

08/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

NK2N Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07525332 . The registered office is Office 1, 21 Hatherton Street, Walsall, WS4 2LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No Depreciation
Plant & Machinery	15% Reducing balance method

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

The directors have also made key assumptions in the determination of the fair value of the investment properties in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

2.6. Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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NK2N Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	620

As at 31 March 2025	620

Depreciation
As at 1 April 2024	620

As at 31 March 2025	620

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	292,197

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	13,101	12,621

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,898	4,124
Corporation tax	1,859	592
Other creditors	-	265,000
Director's loan account	662,394	393,471

	666,151	663,187

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NK2N Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	134,724	137,757

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Ultimate Controlling Party

The company's ultimate controlling party is the Director and members of his family by virtue of their ownership of 100% of the issued share capital in the company.

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