REGISTERED NUMBER: 02797250 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NATIONWORTH LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Lov

SECRETARY:

Mrs B Schwartz

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

02797250 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

1,123

779

Investment property

5

1,800,000

1,800,000

1,801,123

1,800,779

CURRENT ASSETS

Debtors

6

133,847

45,551

Cash at bank

4,371

127,007

138,218

172,558

CREDITORS

Amounts falling due within one year

7

(49,680

)

(64,040

)

NET CURRENT ASSETS

88,538

108,518

TOTAL ASSETS LESS CURRENT LIABILITIES

1,889,661

1,909,297

CREDITORS

Amounts falling due after more than one year

8

(303,760

)

(314,995

)

NET ASSETS

1,585,901

1,594,302

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

1,123,436

1,123,436

Retained earnings

11

462,365

470,766

SHAREHOLDERS' FUNDS

1,585,901

1,594,302

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 director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

D Lov - Director

1.	STATUTORY INFORMATION

Nationworth 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

13,547

1,199

14,746

Additions

-

708

708

At 31 March 2025

13,547

1,907

15,454

DEPRECIATION

At 1 April 2024

12,841

1,126

13,967

Charge for year

106

258

364

At 31 March 2025

12,947

1,384

14,331

NET BOOK VALUE

At 31 March 2025

600

523

1,123

At 31 March 2024

706

73

779

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,800,000

NET BOOK VALUE

At 31 March 2025

1,800,000

At 31 March 2024

1,800,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

1,123,436

Valuation in 2020

300,000

Cost

376,564

1,800,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,553

5,106

Other debtors

120,294

40,445

133,847

45,551

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

38,534

5,150

Taxation and social security

5,126

5,126

Other creditors

6,020

53,764

49,680

64,040

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

303,760

314,995

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

303,760

314,995

Long term bank loan is secured by first charge over the company's investment property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

470,766

1,123,436

1,594,202

Deficit for the year

(8,401

)

(8,401

)

At 31 March 2025

462,365

1,123,436

1,585,801

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr David Lov.