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Registered number: 03928678 NEST MANAGEMENT LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025 Page Kirk LLP Chartered Accountants and Statutory Auditors Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB
NEST MANAGEMENT LIMITED
CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 10
NEST MANAGEMENT LIMITED REGISTERED NUMBER:03928678
BALANCE SHEET AS AT 31 DECEMBER 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 15,158 |  | 6,112
Tangible assets | 5 |  | 812,521 |  | 823,545
|  |  | 827,679 |  | 829,657
Current assets |  |  |  |  |
Debtors |  | 119,076 |  | 49,867 |
Cash at bank and in hand |  | 357,627 |  | 724,942 |
|  | 476,703 |  | 774,809 |
Creditors: amounts falling due within one year |  | (272,354) |  | (413,358) |
Net current assets |  |  | 204,349 |  | 361,451
Total assets less current liabilities |  |  | 1,032,028 |  | 1,191,108
Creditors: amounts falling due after more than one year |  |  | (14,225) |  | (162,752)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (8,131) |  | (13,834) |
|  |  | (8,131) |  | (13,834)
Net assets |  |  | 1,009,672 |  | 1,014,522
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 900 |  | 900
Revaluation reserve |  |  | 240,124 |  | 243,535
Profit and loss account |  |  | 768,648 |  | 770,087
|  |  | 1,009,672 |  | 1,014,522
Page 1
NEST MANAGEMENT LIMITED REGISTERED NUMBER:03928678
BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. All of the company's members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2026.
G D Turvey
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The company is a private company limited by share capital, incorporated in England & Wales. The registered office address is: Unit 3.2 - 3.3 Wilford Business Park Ruddington Lane Nottingham Nottinghamshire NG11 7EP 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
After assessing operational and financial risks, the directors expect the company to have adequate resources and projected revenue streams to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing the company financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate.
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Page 3
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Revenue (continued)
Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.9 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.11 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Amortisation is provided on the following bases:
|  |  |  | IT intangibles | - | 20% | straight line basis
| 2.12 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.12 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold buildings | - | 2%
|  |  |  | Freehold land | - | is not depreciated
|  |  |  | Plant and equipment | - | 10% to 33%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.13 | Revaluation of tangible fixed assets
Freehold land and buildings are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses net of deferred taxation are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.14 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.15 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.16 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.17 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.18 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 36 (2024 - 35).
Page 7
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | IT intangibles
|  | £
| Cost |
| At 1 January 2025 | 73,906
| Additions | 10,268
| At 31 December 2025 | 84,174
| Amortisation |
| At 1 January 2025 | 67,794
| Charge for the year on owned assets | 1,222
| At 31 December 2025 | 69,016
| Net book value |
| At 31 December 2025 | 15,158
| At 31 December 2024 | 6,112
Page 8
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Freehold land and buildings | Plant and equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 775,000 | 433,992 | 1,208,992
| Additions | - | 23,410 | 23,410
| At 31 December 2025 | 775,000 | 457,402 | 1,232,402
| Depreciation |  |  |
| At 1 January 2025 | - | 385,447 | 385,447
| Charge for the year on owned assets | 15,000 | 19,434 | 34,434
| At 31 December 2025 | 15,000 | 404,881 | 419,881
| Net book value |  |  |
| At 31 December 2025 | 760,000 | 52,521 | 812,521
| At 31 December 2024 | 775,000 | 48,545 | 823,545
| The company's freehold land and buildings were valued at £775,000 on 6 January 2025 using an effective vacant possession methodology and based on an assessment of the condition of the property and knowledge of East Midlands commercial property market. At the balance sheet date, the directors consider that there is not a material difference between fair value and the carrying amount. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £518,559 (2024 - £530,148).
Page 9
NEST MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Creditors
The company has the following secured bank loans: • Balances falling due within one year amounting to £8,268 (2024 - £29,822). • Balances falling due after more than one year amounting to £14,225 (2024 - £141,678). The company has the following registered charges: • Charges over units 3.2 (dated 12 June 2015), 3.3 (dated 2 July 2008) and the land to the rear of unit 3.3 (dated 5 September 2008). The units and land are located at Wilford Business Park, Nottingham, NG11 7EP. • A company debenture dated 4 August 2020. • A limited guarantee dated 20 April 2000 given by a director for £5,000. Bank loans falling due after more than five years amount to £nil (2024 - £23,676).
7. | Commitments under operating leases
At 31 December 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £148,116 (2024 - £81,809).
8. | Pension commitments
Pension contributions totalling £8,341 (2024 - £7,436) were payable to the scheme at the year end and are included in creditors.
9. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 12 February 2026 by James Haywood ACA (Senior Statutory Auditor) on behalf of Page Kirk LLP.
Page 10