REGISTERED NUMBER: 05840638 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Nivag Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Gavin

K Gavin

Mrs F Hawkins

SECRETARY:

Mrs F Hawkins

REGISTERED OFFICE:

Phoenix Way

Garngoch Industrial Estate

Gorseinon

Swansea

SA4 9WF

REGISTERED NUMBER:

05840638 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

457,406

471,906

Investments

5

50,000

50,000

507,406

521,906

CURRENT ASSETS

Debtors

6

6,665

2,425

Cash at bank

7,672

13,052

14,337

15,477

CREDITORS

Amounts falling due within one year

7

48,154

47,101

NET CURRENT LIABILITIES

(33,817

)

(31,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

473,589

490,282

CREDITORS

Amounts falling due after more than one year

8

569,486

605,594

NET LIABILITIES

(95,897

)

(115,312

)

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(145,897

)

(165,312

)

SHAREHOLDERS' FUNDS

(95,897

)

(115,312

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 13 January 2026 and were signed on its behalf by:

D J Gavin - Director

1.	STATUTORY INFORMATION

Nivag 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.

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.

Turnover

Turnover represents rent received.

Tangible fixed assets

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

Land and buildings - 2% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 May 2024

and 30 April 2025

725,000

DEPRECIATION

At 1 May 2024

253,094

Charge for year

14,500

At 30 April 2025

267,594

NET BOOK VALUE

At 30 April 2025

457,406

At 30 April 2024

471,906

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

50,000

NET BOOK VALUE

At 30 April 2025

50,000

At 30 April 2024

50,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Gavin Electrical Engineering Limited

Registered office:

Nature of business: Electrical engineering services

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

4,616

-

Other debtors

2,049

2,425

6,665

2,425

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

29,000

27,000

Taxation and social security

6,999

7,782

Other creditors

12,155

12,319

48,154

47,101

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

18,761

49,869

Amounts owed to group undertakings

550,725

555,725

569,486

605,594

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

47,761

76,869

10.	RELATED PARTY DISCLOSURES

The company owns the entire share capital of Gavin Electrical Engineering Limited. As at 30th April 2025, the company owed Gavin Electrical Engineering Limited £550,725 (2024 : £555,725).

11.	ULTIMATE CONTROLLING PARTY

There is no single controlling party as the issued shares are held equally between D J Gavin, director, and Mrs M E Gavin.