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Registration number: 11928391

NRGS Global Homes (UK) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

NRGS Global Homes (UK) Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

NRGS Global Homes (UK) Ltd

(Registration number: 11928391)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 3,000 | 3,000
Cash at bank and in hand |  | 146 | -
|  | 3,146 | 3,000
Creditors: Amounts falling due within one year | 5 | (609,559) | (608,393)
Net liabilities |  | (606,413) | (605,393)
Capital and reserves |  |  |
Called up share capital | 6 | 3,000 | 3,000
Profit and loss account |  | (609,413) | (608,393)
Shareholders' deficit |  | (606,413) | (605,393)

For the financial year ending 30 April 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; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 26 January 2025

......................................... N J Wallis Director

NRGS Global Homes (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

The principal place of business is:
Suite 2
6 Porter Street
London
W1U 6DD

These financial statements were authorised for issue by the director on 26 January 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 £.

Group accounts not prepared

The company is a parent company subject to the small companies regime. The company and its subsidiary company comprise a small group. Therefore the company is not required to prepare group accounts..

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

NRGS Global Homes (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

NRGS Global Homes (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Debtors

| 2025 £ | 2024 £
Other debtors | 3,000 | 3,000
| 3,000 | 3,000

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 720 | 720
Other creditors | 608,839 | 607,673
| 609,559 | 608,393

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.10 each | 30,000 | 3,000 | 30,000 | 3,000

NRGS Global Homes (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Related party transactions

Included within creditors is the sum of £603,121 (2024 - £597,195) due to members of the family of the director, and £5,718 (2024 £10,478) due to the director. These liabilities are deferred in favour of any external creditors.

Loans to related parties

2025 | Subsidiary £ | Total £
At start of period | 584,529 | 584,529
Impairment | (584,529) | (584,529)
At end of period | - | -

2024 | Subsidiary £ | Total £
At start of period | 584,529 | 584,529
Impairment | (584,529) | (584,529)
At end of period | - | -

Terms of loans to related parties

The company has had a transaction with a company called N W Yachting Ltd which is incorporated in England and Wales. This company holds 92.68% shares in the other company as at 9th April 2025. The company has given a loan of £584,529 (2024 - 584,529). No interest was applicable to this loan account and it was repayable on demand. Since the subsidiary has been liquidated (10th April 2025), the loan has been fully impaired.

Loans from related parties

2025 | Other related parties £ | Total £
At start of period | 597,195 | 597,195
Advanced | 5,926 | 5,926
At end of period | 603,121 | 603,121

2024 | Other related parties £ | Total £
At start of period | 597,195 | 597,195
At end of period | 597,195 | 597,195

Terms of loans from related parties

The loan is provided interest free from the family members of the director and is repayable on demand. They have confirmed that any claims that might have against the company are deferred in favour of other creditors.