REGISTERED NUMBER: 12592526 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PFD NAGGAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Naggar

Mr G A Naggar

REGISTERED OFFICE:

34 New Cavendish Street

London

W1G 8UB

REGISTERED NUMBER:

12592526 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investments

4

3,335

84,379

CURRENT ASSETS

Debtors

5

1

1

CREDITORS

Amounts falling due within one year

6

(48,144

)

(33,544

)

NET CURRENT LIABILITIES

(48,143

)

(33,543

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(44,808

)

50,836

CAPITAL AND RESERVES

Called up share capital

7

258,855

258,855

Retained earnings

(303,663

)

(208,019

)

SHAREHOLDERS' FUNDS

(44,808

)

50,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr J Naggar - Director

1.	STATUTORY INFORMATION

PFD Naggar Limited is a private company limited by shares incorporated in England and Wales. The registered office is 34 New Cavendish Street, London, W1G 8UB.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available, if and when required from its parent company to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

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 balance sheet 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.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Fixed asset investments

Investments are stated at cost less diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2024

84,379

Share of profit/(loss)

(81,044

)

At 31 December 2024

3,335

NET BOOK VALUE

At 31 December 2024

3,335

At 31 December 2023

84,379

Cost or valuation at 31 December 2024 is represented by:

Unlisted

investments

£

Valuation in 2024

3,335

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

31,158

21,717

Taxation and social security

444

-

Other creditors

16,542

11,827

48,144

33,544

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

25,885,357

Ordinary

£0.01

258,854

258,854

1

Ordinary

£1.00

1

1

258,855

258,855

8.	PARENT COMPANY

The parent company is Forwardissue Limited, a company incorporated in England & Wales.