NK Houses Limited

NK Houses Limited
Statement of Financial Position
As at 30 June 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	153,989	153,989
		153,989	153,989
Current assets
Cash at bank and in hand		4,392	6,071
Creditors: amount falling due within one year	5	(6,141)	(3,687)
Net current assets		(1,749)	2,384

Total assets less current liabilities		152,240	156,373
Creditors: amount falling due after more than one year	6	(143,546)	(148,634)
Net assets		8,694	7,739

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		8,594	7,639
Shareholders' funds		8,694	7,739

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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

The financial statements were approved by the director on 07 January 2026 and were signed by:

-------------------------------
Muhammad Nawaz
Director

NK Houses Limited
Notes to the Financial Statements
For the year ended 30 June 2025

General Information

NK Houses Limited is a private company, limited by shares, registered in , registration number 12687151, registration address 117 Silver Lonnen, Fenham, Newcastle Upon Tyne, Tyne & Wear, NE5 2HD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

0% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Staff Costs

	2025 £	2024 £
Wages and salaries	10,000	7,000
	10,000	7,000

Average number of employees during the year	Number	Number
	0	0

3.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 01 July 2024	153,989	153,989
Additions	-	-
Disposals	-	-
At 30 June 2025	153,989	153,989
Depreciation
At 01 July 2024	-	-
Charge for year	-	-
On disposals	-	-
At 30 June 2025	-	-
Net book values
Closing balance as at 30 June 2025	153,989	153,989
Opening balance as at 01 July 2024	153,989	153,989

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	515	732
Accrued Expenses	100	0
Other Creditors	0	1
Directors' Current Accounts	5,526	2,954
	6,141	3,687

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts (secured)	101,176	106,264
Directors' Loan Accounts	42,370	42,370
	143,546	148,634

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

Registered Number: 12687151

NK HOUSES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 July 2024 End date: 30 June 2025