Company registration number 08761382 (England and Wales)
NK1 (HOLDINGS) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NK1 (HOLDINGS) LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
NK1 (Holdings) Ltd
NK1 (HOLDINGS) LTD
Statement of financial position
as at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
57,252
63,613
Investment properties
4
2,070,473
1,974,058
2,127,725
2,037,671
Current assets
Debtors
1,240
5,121
Cash at bank and in hand
18,906
26,241
20,146
31,362
Creditors: amounts falling due within one year
(2,259,056)
(2,118,320)
Net current liabilities
(2,238,910)
(2,086,958)
Total assets less current liabilities
(111,185)
(49,287)
Creditors: amounts falling due after more than one year
-
0
(33,168)
Net liabilities
(111,185)
(82,455)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(111,285)
(82,555)
Total equity
(111,185)
(82,455)
NK1 (Holdings) Ltd
NK1 (HOLDINGS) LTD
Statement of financial position (CONTINUED)
as at 31 March 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 16 December 2025
A Asquith
Director
Company Registration No. 08761382
NK1 (Holdings) Ltd
NK1 (HOLDINGS) LTD
Notes to the financial statements
for the year ended 31 March 2025
- 3 -
1
Accounting policies
Accounting convention

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

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 £.

Turnover

Turnover represents amounts derived from the provision of rent and services falling in the companies activities. Turnover is recognised on a receipts basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment properties

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
NK1 (Holdings) Ltd
NK1 (HOLDINGS) LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 March 2025
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2024 and 31 March 2025
102,680
Depreciation and impairment
At 1 April 2024
39,067
Depreciation charged in the year
6,361
At 31 March 2025
45,428
Carrying amount
At 31 March 2025
57,252
At 31 March 2024
63,613
4
Investment property
2025
£
Fair value
At 1 April 2024
1,974,058
Additions
96,415
At 31 March 2025
2,070,473
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