REGISTERED NUMBER: 04364256 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

NURSTEAD COURT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A G Edmeades-Stearns

A V Stearns

SECRETARY:

A V Stearns

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

04364256 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Intangible assets

5

3,301

3,714

Tangible assets

6

889,069

903,940

892,370

907,654

CURRENT ASSETS

Debtors

7

1,879,662

55,820

Cash at bank

8,919

15,142

1,888,581

70,962

CREDITORS

Amounts falling due within one year

8

1,246,054

959,252

NET CURRENT ASSETS/(LIABILITIES)

642,527

(888,290

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,534,897

19,364

CREDITORS

Amounts falling due after more than one year

9

(1,570,201

)

(15,501

)

PROVISIONS FOR LIABILITIES

-

(3,436

)

NET (LIABILITIES)/ASSETS

(35,304

)

427

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

(535,304

)

(499,573

)

(35,304

)

427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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:

A G Edmeades-Stearns - Director

1.	STATUTORY INFORMATION

Nurstead Court Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

2% - 5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

European agricultural support schemes

Payments received under EU agricultural support schemes are recognised as income when the business has met all criteria which entitle it to the payments.

Amounts received under the Basic Payment scheme are recognised on 31 December in the year of claim. No provision has been made for penalties arising from the failure to comply with "cross compliance" conditions, as defined by the RPA, except for where notification has been received.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

4,127

AMORTISATION

At 1 April 2024

413

Charge for year

413

At 31 March 2025

826

NET BOOK VALUE

At 31 March 2025

3,301

At 31 March 2024

3,714

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

1,280,002

72,602

88,290

5,797

1,446,691

Additions

-

-

6,639

26,213

32,852

At 31 March 2025

1,280,002

72,602

94,929

32,010

1,479,543

DEPRECIATION

At 1 April 2024

410,737

63,303

64,290

4,421

542,751

Charge for year

30,841

2,325

7,660

6,897

47,723

At 31 March 2025

441,578

65,628

71,950

11,318

590,474

NET BOOK VALUE

At 31 March 2025

838,424

6,974

22,979

20,692

889,069

At 31 March 2024

869,265

9,299

24,000

1,376

903,940

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

7,769

-

7,769

Additions

-

26,213

26,213

At 31 March 2025

7,769

26,213

33,982

DEPRECIATION

At 1 April 2024

4,493

-

4,493

Charge for year

819

6,553

7,372

At 31 March 2025

5,312

6,553

11,865

NET BOOK VALUE

At 31 March 2025

2,457

19,660

22,117

At 31 March 2024

3,276

-

3,276

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,443

16,713

Amounts owed by group undertakings

1,721,668

-

Other debtors

151,551

39,107

1,879,662

55,820

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

599,960

10,000

Hire purchase contracts

8,785

1,458

Trade creditors

14,644

11,183

Taxation and social security

14,048

17,332

Other creditors

608,617

919,279

1,246,054

959,252

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,566,755

13,487

Hire purchase contracts

3,446

2,014

1,570,201

15,501

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,565,000

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,576,755

23,487

The Barclays Bounce Back loan is secured by the Government.

The Wetherbys Bank loan is secured personally by Mr A G Edmeades-Stearns.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A G Edmeades-Stearns

Balance outstanding at start of year

(798,542

)

(804,497

)

Amounts advanced

345,612

6,927

Amounts repaid

(3,040

)

(972

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(455,970

)

(798,542

)

The loan from the director to the company is unsecured, interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Edmeades-Stearns.

13.	IMMEDIATE CONTROLLING PARTY

The immediate controlling party of the company is as follows:

Nurstead Court Holdings Limited

Registered office: Nurstead Court, Nurstead Church Lane, Meopham, Gravesend, Kent, United Kingdom, DA13 9AD

Nurstead Court Holdings Limited owns 100% of the share capital of Nurstead Court Limited.