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Registered number: 05991577
NISACROWN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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CONTENTS
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Notes to the financial statements
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NISACROWN LIMITED
REGISTERED NUMBER:05991577
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BALANCE SHEET
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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1
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NISACROWN LIMITED
REGISTERED NUMBER:05991577
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BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 4 form part of these financial statements.
2
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The company is a private limited company and is registered in England and Wales. The address of its registered office and principal place of business is Grove Lodge, 287 Regents Park Road, London, N3 3JY.
The company has not traded during the year.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
The parent companies and directors have committed to continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.
Short-term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price.
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The average monthly number of employees, including directors, during the year was 8 (2024 - 8).
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3
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Allotted, called up and fully paid
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100 ordinary shares of £1 each
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There is one class of share. There are no restrictions on the distribution of dividends and the repayment of capital.
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Related party transactions
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At the year end, the company was owed £1,274,548 (2024 - £1,273,465) by Kerrington Limited. The loan is interest free and repayable on demand.
At the year end, the company owed £220,550 (2024 - £220,500) to A.R. & V. Investments Limited, a 50% shareholder. The loan is interest free and repayable on demand.
At the year end, £660,711 (2024 - £1,160,711) was owed to Edward Azouz, a director of the company. The loan is interest free and repayable on demand.
At the year end, £660,711 (2024 - £1,160,711) was owed to Jeffrey Azouz, a director of the company. The loan is interest free and repayable on demand.
At the year end, £1,000,000 (2024 - £NIL) was owed to G A Lee, a director of the company. The loan is interest free and repayable on demand.
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4
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